Mountain Hill Investment Partners Corp. Invests $47,000 in Investors Title (NASDAQ:ITIC)

Mountain Hill Investment Partners Corp. purchased a new stake in shares of Investors Title (NASDAQ:ITIC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 200 shares of the insurance provider’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Investors Title by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock worth $958,000 after purchasing an additional 142 shares in the last quarter. FMR LLC raised its holdings in shares of Investors Title by 73.6% in the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after buying an additional 203 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock worth $124,000 after buying an additional 214 shares in the last quarter. Martingale Asset Management L P grew its holdings in Investors Title by 10.8% during the 3rd quarter. Martingale Asset Management L P now owns 1,431 shares of the insurance provider’s stock worth $329,000 after acquiring an additional 140 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in Investors Title in the 3rd quarter valued at about $267,000. 41.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Investors Title from a “hold” rating to a “buy” rating in a research report on Saturday.

Investors Title Stock Performance

Shares of ITIC opened at $237.43 on Monday. The business’s fifty day moving average price is $230.64 and its two-hundred day moving average price is $239.53. The firm has a market capitalization of $447.79 million, a price-to-earnings ratio of 14.45 and a beta of 0.97. Investors Title has a 52 week low of $146.41 and a 52 week high of $290.40.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share (EPS) for the quarter. The business had revenue of $70.63 million for the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.

Investors Title Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Monday, March 24th. Investors Title’s dividend payout ratio is 11.20%.

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.