Ritholtz Wealth Management Sells 238 Shares of Investors Title (NASDAQ:ITIC)

Ritholtz Wealth Management trimmed its position in shares of Investors Title (NASDAQ:ITIC) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,465 shares of the insurance provider’s stock after selling 238 shares during the quarter. Ritholtz Wealth Management owned 0.13% of Investors Title worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in Investors Title by 2.5% in the third quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider’s stock valued at $7,648,000 after acquiring an additional 809 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Investors Title by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock worth $958,000 after purchasing an additional 142 shares during the period. American Century Companies Inc. boosted its holdings in shares of Investors Title by 27.0% in the second 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 during the last quarter. JPMorgan Chase & Co. grew its position in Investors Title by 187.5% during the third quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock valued at $749,000 after buying an additional 2,126 shares during the period. Finally, Barclays PLC increased its holdings in Investors Title by 127.2% during the third quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock valued at $553,000 after buying an additional 1,347 shares during the last quarter. 41.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Investors Title from a “hold” rating to a “buy” rating in a research note on Monday, January 13th.

Investors Title Stock Up 0.0 %

NASDAQ ITIC opened at $228.05 on Tuesday. Investors Title has a 52 week low of $146.41 and a 52 week high of $290.40. The company has a market capitalization of $428.73 million, a P/E ratio of 15.09 and a beta of 0.92. The stock’s 50-day moving average price is $254.35 and its 200-day moving average price is $231.51.

Investors Title Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $14.46 per share. This is a boost from Investors Title’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, December 2nd. This represents a $57.84 dividend on an annualized basis and a yield of 25.36%. Investors Title’s dividend payout ratio (DPR) is presently 12.18%.

About Investors Title

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.