Nisa Investment Advisors LLC Grows Stock Position in Investors Title (NASDAQ:ITIC)

Nisa Investment Advisors LLC boosted its position in shares of Investors Title (NASDAQ:ITIC) by 225.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 650 shares of the insurance provider’s stock after buying an additional 450 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Investors Title were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ITIC. Meeder Asset Management Inc. boosted its stake in shares of Investors Title by 455.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 196 shares during the period. FMR LLC boosted its position in shares of Investors Title by 73.6% during the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after buying an additional 203 shares during the period. SG Americas Securities LLC bought a new position in shares of Investors Title during the third quarter valued at approximately $117,000. BNP Paribas Financial Markets raised its holdings in shares of Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock worth $124,000 after buying an additional 214 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of Investors Title during the 3rd quarter worth approximately $226,000. Institutional investors own 41.40% of the company’s stock.

Analyst Ratings Changes

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

Investors Title Price Performance

Investors Title stock opened at $229.70 on Friday. The stock has a market cap of $431.84 million, a price-to-earnings ratio of 15.20 and a beta of 0.92. The firm has a 50-day moving average of $246.82 and a two-hundred day moving average of $233.43. Investors Title has a 1 year low of $146.41 and a 1 year high of $290.40.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $4.92 earnings per share (EPS) for the quarter. Investors Title had a return on equity of 10.99% and a net margin of 11.83%. The company had revenue of $68.83 million for the quarter.

Investors Title Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $14.46 dividend. The ex-dividend date was Monday, December 2nd. This is a positive change from Investors Title’s previous quarterly dividend of $0.46. This represents a $57.84 dividend on an annualized basis and a yield of 25.18%. Investors Title’s dividend 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.