Investors Title (NASDAQ:ITIC – Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 17,000 shares, a drop of 25.8% from the February 13th total of 22,900 shares. Based on an average daily volume of 10,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.2% of the shares of the stock are sold short.
Analyst Ratings Changes
Separately, StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a research note on Friday.
Get Our Latest Research Report on Investors Title
Institutional Inflows and Outflows
Investors Title Trading Up 1.8 %
Shares of ITIC opened at $245.71 on Tuesday. The company has a market capitalization of $462.92 million, a PE ratio of 14.95 and a beta of 0.97. Investors Title has a 12 month low of $146.41 and a 12 month high of $290.40. The stock’s 50-day moving average price is $229.36 and its two-hundred day moving average price is $239.04.
Investors Title (NASDAQ:ITIC – Get Free Report) last announced its earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The firm had revenue of $70.63 million for the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.
Investors Title Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, March 24th. Investors Title’s dividend payout ratio is 11.20%.
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.
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