Investors Title (NASDAQ:ITIC) Shares Sold by Wallace Capital Management Inc.

Wallace Capital Management Inc. decreased its holdings in Investors Title (NASDAQ:ITIC) by 2.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,922 shares of the insurance provider’s stock after selling 205 shares during the quarter. Wallace Capital Management Inc. owned about 0.37% of Investors Title worth $1,247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in shares of Investors Title by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 169 shares in the last quarter. Bridge City Capital LLC raised its holdings in shares of Investors Title by 17.9% in the first quarter. Bridge City Capital LLC now owns 1,877 shares of the insurance provider’s stock worth $306,000 after buying an additional 285 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Investors Title by 9.1% during the second quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock worth $376,000 after buying an additional 174 shares during the period. Ritholtz Wealth Management grew its holdings in shares of Investors Title by 55.0% during the second quarter. Ritholtz Wealth Management now owns 2,480 shares of the insurance provider’s stock valued at $447,000 after buying an additional 880 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Investors Title by 41.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider’s stock valued at $581,000 after acquiring an additional 1,037 shares during the period. Institutional investors and hedge funds own 41.40% of the company’s stock.

Investors Title Stock Up 0.8 %

Investors Title stock opened at $229.77 on Monday. Investors Title has a 52 week low of $127.71 and a 52 week high of $236.01. The firm has a market cap of $432.89 million, a price-to-earnings ratio of 17.35 and a beta of 0.85. The business’s 50-day moving average price is $217.06 and its 200 day moving average price is $184.96.

Investors Title (NASDAQ:ITIC) last posted its earnings results on Tuesday, August 6th. The insurance provider reported $4.70 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.80%. Investors Title’s payout ratio is currently 13.90%.

Analyst Ratings Changes

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

Investors Title 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.