Wilbanks Smith & Thomas Asset Management LLC Makes New Investment in Investors Title (NASDAQ:ITIC)

Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of Investors Title (NASDAQ:ITIC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,250 shares of the insurance provider’s stock, valued at approximately $203,000. Wilbanks Smith & Thomas Asset Management LLC owned about 0.07% of Investors Title as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new stake in Investors Title during the fourth quarter worth about $707,000. Blair William & Co. IL bought a new stake in shares of Investors Title in the 3rd quarter worth approximately $205,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Investors Title by 26.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,328 shares of the insurance provider’s stock worth $345,000 after purchasing an additional 493 shares in the last quarter. Private Management Group Inc. bought a new stake in shares of Investors Title during the fourth quarter valued at approximately $209,000. Finally, Franklin Street Advisors Inc. NC acquired a new position in shares of Investors Title in the fourth quarter valued at $203,000. 41.40% of the stock is owned by institutional investors.

Investors Title Stock Performance

Shares of NASDAQ:ITIC opened at $159.34 on Friday. The company’s fifty day moving average is $158.66 and its 200-day moving average is $156.38. Investors Title has a 52 week low of $127.71 and a 52 week high of $171.60. The company has a market capitalization of $299.56 million, a PE ratio of 12.03 and a beta of 0.87.

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

Investors Title Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.15%. Investors Title’s dividend payout ratio (DPR) is presently 13.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ITIC shares. TheStreet raised Investors Title from a “c+” rating to a “b-” rating in a report on Wednesday, January 31st. StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th.

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.