Investors Title (NASDAQ:ITIC) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its position in shares of Investors Title (NASDAQ:ITIC) by 45.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,385 shares of the insurance provider’s stock after selling 2,000 shares during the quarter. Empowered Funds LLC owned 0.13% of Investors Title worth $548,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of Investors Title by 36.1% during the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Investors Title by 9.1% in the second quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock valued at $376,000 after acquiring an additional 174 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Investors Title by 9.0% in the third quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock worth $621,000 after acquiring an additional 223 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Investors Title during the third quarter worth approximately $117,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Investors Title by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 67,743 shares of the insurance provider’s stock worth $11,055,000 after purchasing an additional 591 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors and hedge funds.

Investors Title Price Performance

Shares of Investors Title stock opened at $282.90 on Monday. The firm’s fifty day simple moving average is $240.66 and its 200-day simple moving average is $208.55. Investors Title has a 12 month low of $141.41 and a 12 month high of $288.19. The stock has a market capitalization of $531.85 million, a price-to-earnings ratio of 18.72 and a beta of 0.85.

Investors Title Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $14.46 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Investors Title’s previous quarterly dividend of $0.46. This represents a $57.84 annualized dividend and a dividend yield of 20.45%. Investors Title’s dividend payout ratio (DPR) is currently 12.18%.

Analyst Ratings Changes

Separately, StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th.

Investors Title 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.