Investors Title (NASDAQ:ITIC) Stock Price Crosses Above 200-Day Moving Average of $156.14

Shares of Investors Title (NASDAQ:ITIC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $156.14 and traded as high as $162.08. Investors Title shares last traded at $162.08, with a volume of 3,113 shares changing hands.

Analysts Set New Price Targets

ITIC has been the topic of several recent research reports. TheStreet upgraded Investors Title from a “c+” rating to a “b-” rating in a research report on Wednesday, January 31st. StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th.

Investors Title Stock Performance

The firm has a 50-day moving average of $158.55 and a 200-day moving average of $156.14. The firm has a market capitalization of $304.71 million, a P/E ratio of 14.14 and a beta of 0.89.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Tuesday, February 13th. The insurance provider reported $3.09 earnings per share (EPS) for the quarter. Investors Title had a return on equity of 8.73% and a net margin of 9.65%. The business had revenue of $53.68 million for the quarter.

Investors Title Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.14%. Investors Title’s dividend payout ratio is currently 16.06%.

Institutional Investors Weigh In On Investors Title

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its position in shares of Investors Title by 60.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 214 shares of the insurance provider’s stock worth $35,000 after buying an additional 81 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Investors Title in the 4th quarter worth approximately $97,000. BNP Paribas Financial Markets grew its position in shares of Investors Title by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock worth $104,000 after buying an additional 169 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Investors Title in the 4th quarter worth approximately $189,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Investors Title in the 4th quarter worth approximately $203,000. 41.40% of the stock is currently owned by institutional investors.

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.