Investors Title (NASDAQ:ITIC) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Investors Title Company (NASDAQ:ITIC)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $243.49 and traded as high as $244.54. Investors Title shares last traded at $243.35, with a volume of 22,359 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Investors Title from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Investors Title has a consensus rating of “Buy”.

Investors Title Price Performance

The company’s 50-day simple moving average is $236.53 and its 200-day simple moving average is $243.27. The stock has a market capitalization of $477.43 million, a price-to-earnings ratio of 12.57 and a beta of 0.65.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $3.20 earnings per share (EPS) for the quarter. The firm had revenue of $63.49 million during the quarter. Investors Title had a net margin of 13.59% and a return on equity of 14.03%.

Investors Title Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, June 15th. This represents a $1.84 annualized dividend and a yield of 0.7%. Investors Title’s dividend payout ratio (DPR) is 9.15%.

Insider Buying and Selling at Investors Title

In other Investors Title news, Director Jr. Elton C. Parker purchased 538 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $231.00 per share, for a total transaction of $124,278.00. Following the completion of the transaction, the director owned 3,750 shares in the company, valued at approximately $866,250. This represents a 16.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 25.96% of the company’s stock.

Institutional Investors Weigh In On Investors Title

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Investors Title in the fourth quarter valued at approximately $36,000. CANADA LIFE ASSURANCE Co raised its position in shares of Investors Title by 34.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 193 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Investors Title by 357.4% in the third quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider’s stock valued at $83,000 after buying an additional 243 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Investors Title by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock valued at $201,000 after buying an additional 49 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Investors Title in the fourth quarter valued at approximately $224,000. 41.40% of the stock is currently owned by institutional investors and hedge funds.

About Investors Title

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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.