Investors Title (NASDAQ:ITIC) Share Price Breaks Above 200-Day Moving Average of $175.98

Investors Title (NASDAQ:ITIC – Get Free Report )’s share price broke above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $175.98 and traded as high as $224.99. Shares of Investors Title last traded at $222.11 with a volume of 30,184 shares.

Analysts on Wall Street are forecasting an increase

Separately, StockNews.com downgraded shares of Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

Get the latest stock analysis on Investors Title

Investors’ security price performance

The stock’s fifty-day simple moving average is $201.21, and its 200-day simple moving average is $175.98. The firm has a market cap of $418.46 million, a PE ratio of 16.78 and a beta of 0.87.

Investors Title (NASDAQ:ITIC – Get Free Report ) last posted its earnings results on Tuesday, August 6th. The insurance provider reported $4.70 earnings per share (EPS) for the quarter. The firm had revenue of $65.38 million for the quarter. Investors Title had a return on equity of 10.32% and a net margin of 11.25%.

Investors Title Announces Dividends

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a $0.46 dividend. This represents an annualized dividend of $1.84 and a dividend yield of 0.83%. The ex-dividend date of this dividend is Tuesday, September 3rd. The payout rate for Investors Title is 13.90%.

Institutional Investor Trading Title

Several institutional investors and hedge funds have recently bought and sold shares of ITIC. Vanguard Group Inc. grew its holdings in Investors Title by 0.9% in the first quarter. Vanguard Group Inc. now owns 67,743 shares of the insurance provider’s stock worth $11,055,000 after acquiring an additional 591 shares during the period. Bank of New York Mellon Corp boosted its position in Investors Title by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 12,607 shares of the insurance provider’s stock worth $2,271,000 after acquiring an additional 710 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Investors Title by 34.9% during the 4th quarter. Franklin Resources Inc. now owns 10,724 shares of the insurance provider’s stock worth $1,739,000 after buying an additional 2,776 shares during the period. Aristides Capital LLC purchased a new position in shares of Investors Title in the first quarter valued at approximately $1,648,000. Finally, Oppenheimer & Co. Inc. raised its stake in Investors Title by 2.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 9,790 shares of the insurance provider’s stock valued at $1,587,000 after buying an additional 263 shares during the period. 41.40% of the shares are currently owned by institutional investors and hedge funds.

Title of Investors Company Profile

(Get a free report)

Investors Title Company is engaged in the issuance of residential and commercial title insurance for residential, institutional, commercial and industrial properties. The company underwrites title insurance for homeowners and mortgage lenders as lead insurer; and underwrites title insurance risks from other title insurance companies.

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