Investors Title (NASDAQ:ITIC) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. decreased its holdings in shares of Investors Title (NASDAQ:ITIC) by 11.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,815 shares of the insurance provider’s stock after selling 240 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned about 0.10% of Investors Title worth $417,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Ritholtz Wealth Management boosted its holdings in shares of Investors Title by 9.0% during the third quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 223 shares during the last quarter. SG Americas Securities LLC acquired a new position in Investors Title in the third quarter valued at $117,000. American Century Companies Inc. boosted its holdings in Investors Title by 27.0% in the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock valued at $680,000 after acquiring an additional 803 shares during the last quarter. Rhumbline Advisers boosted its holdings in 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 valued at $2,271,000 after acquiring an additional 710 shares during the last quarter. Institutional investors and hedge funds own 41.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Investors Title Price Performance

Shares of ITIC opened at $235.49 on Wednesday. The stock’s 50-day moving average is $226.11 and its two-hundred day moving average is $193.43. The stock has a market cap of $443.66 million, a PE ratio of 17.79 and a beta of 0.85. Investors Title has a 12 month low of $127.71 and a 12 month high of $243.74.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $4.70 EPS for the quarter. The company 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 Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, September 3rd. Investors Title’s dividend payout ratio is presently 13.90%.

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.