Investors Title (NASDAQ:ITIC) Shares Bought by Barclays PLC

Barclays PLC boosted its stake in Investors Title (NASDAQ:ITIC) by 127.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,406 shares of the insurance provider’s stock after buying an additional 1,347 shares during the quarter. Barclays PLC owned approximately 0.13% of Investors Title worth $553,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ITIC. Meeder Asset Management Inc. grew its holdings in Investors Title by 455.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock valued at $55,000 after buying an additional 196 shares in the last quarter. FMR LLC lifted its stake in shares of Investors Title by 73.6% in the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 203 shares during the last quarter. SG Americas Securities LLC acquired a new position in Investors Title in the third quarter valued at about $117,000. BNP Paribas Financial Markets raised its position in Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 214 shares during the period. Finally, Centiva Capital LP purchased a new stake in Investors Title during the third quarter worth about $226,000. 41.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Investors Title from a “buy” rating to a “hold” rating in a research note on Wednesday.

Investors Title Stock Performance

Shares of NASDAQ ITIC opened at $233.48 on Friday. The firm has a market capitalization of $439.88 million, a PE ratio of 15.45 and a beta of 0.89. Investors Title has a fifty-two week low of $146.41 and a fifty-two week high of $290.40. The stock’s 50-day simple moving average is $257.62 and its 200-day simple moving average is $226.61.

Investors Title Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $14.46 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $57.84 dividend on an annualized basis and a dividend yield of 24.77%. This is a boost from Investors Title’s previous quarterly dividend of $0.46. Investors Title’s payout ratio is 12.18%.

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.