JPMorgan Chase & Co. Grows Stock Holdings in Investors Title (NASDAQ:ITIC)

JPMorgan Chase & Co. lifted its position in Investors Title (NASDAQ:ITIC) by 187.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,260 shares of the insurance provider’s stock after purchasing an additional 2,126 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of Investors Title worth $749,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Investors Title by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider’s stock worth $7,648,000 after buying an additional 809 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Investors Title by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock worth $958,000 after acquiring an additional 142 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Investors Title by 27.0% in the 2nd quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after acquiring an additional 803 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Investors Title by 9.0% in the 3rd quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock valued at $621,000 after purchasing an additional 223 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Investors Title by 127.2% during the 3rd quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,347 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Investors Title Trading Up 1.3 %

NASDAQ ITIC opened at $227.50 on Monday. The stock has a 50-day moving average of $250.71 and a 200-day moving average of $232.84. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40. The firm has a market cap of $427.70 million, a PE ratio of 15.06 and a beta of 0.92.

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

Investors Title Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $14.46 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $57.84 annualized dividend and a yield of 25.42%. This is a boost from Investors Title’s previous quarterly dividend of $0.46. Investors Title’s dividend payout ratio is presently 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.