Investors Title (NASDAQ:ITIC) Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Investors Title (NASDAQ:ITIC) by 6.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,607 shares of the insurance provider’s stock after acquiring an additional 710 shares during the period. Bank of New York Mellon Corp owned 0.67% of Investors Title worth $2,271,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in Investors Title by 34.9% in the 4th quarter. Franklin Resources Inc. now owns 10,724 shares of the insurance provider’s stock worth $1,739,000 after purchasing an additional 2,776 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Investors Title by 2.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,790 shares of the insurance provider’s stock worth $1,587,000 after buying an additional 263 shares in the last quarter. Bridge City Capital LLC increased its position in Investors Title by 17.9% in the 1st quarter. Bridge City Capital LLC now owns 1,877 shares of the insurance provider’s stock valued at $306,000 after acquiring an additional 285 shares during the period. BNP Paribas Financial Markets raised its stake in Investors Title by 36.1% during the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 169 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Investors Title by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider’s stock worth $702,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 41.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

Investors Title Trading Down 1.3 %

Investors Title stock opened at $226.60 on Tuesday. The company’s 50-day moving average price is $208.52 and its two-hundred day moving average price is $179.74. The stock has a market cap of $426.91 million, a price-to-earnings ratio of 17.34 and a beta of 0.85. Investors Title has a 52 week low of $127.71 and a 52 week high of $231.00.

Investors Title (NASDAQ:ITIC) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $4.70 EPS for the quarter. The firm had revenue of $65.38 million for the quarter. Investors Title had a return on equity of 10.32% and a net margin of 11.25%.

Investors Title Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.46 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.84 annualized dividend and a dividend yield of 0.81%. Investors Title’s dividend payout ratio (DPR) is 13.90%.

Investors Title Company Profile

Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies.