Jane Street Group LLC Purchases 523 Shares of Investors Title (NASDAQ:ITIC)

Jane Street Group LLC lifted its holdings in Investors Title (NASDAQ:ITIC) by 33.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,096 shares of the insurance provider’s stock after purchasing an additional 523 shares during the quarter. Jane Street Group LLC owned about 0.11% of Investors Title worth $482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. PDT Partners LLC acquired a new position in shares of Investors Title during the third quarter worth about $267,000. Canal Capital Management LLC bought a new position in Investors Title in the third quarter valued at $230,000. Centiva Capital LP acquired a new stake in Investors Title in the 3rd quarter valued at $226,000. American Century Companies Inc. lifted its position in Investors Title by 27.0% during the 2nd quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after buying an additional 803 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Investors Title by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,607 shares of the insurance provider’s stock valued at $2,271,000 after acquiring an additional 710 shares in the last quarter. 41.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st.

Investors Title Stock Down 1.4 %

Shares of NASDAQ:ITIC opened at $228.77 on Tuesday. The stock has a market cap of $431.00 million, a PE ratio of 15.14 and a beta of 0.92. Investors Title has a 12-month low of $146.41 and a 12-month high of $290.40. The business has a 50 day moving average of $257.48 and a 200-day moving average of $228.10.

Investors Title Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $14.46 dividend. This is a boost from Investors Title’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $57.84 annualized dividend and a yield of 25.28%. 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.