Virtu Financial LLC Makes New Investment in Investors Title (NASDAQ:ITIC)

Virtu Financial LLC acquired a new stake in Investors Title (NASDAQ:ITIC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,731 shares of the insurance provider’s stock, valued at approximately $410,000. Virtu Financial LLC owned approximately 0.09% of Investors Title at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ITIC. Bank of New York Mellon Corp increased its holdings in Investors Title by 21.9% in the fourth quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider’s stock valued at $3,485,000 after buying an additional 2,648 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Investors Title by 187.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock valued at $749,000 after acquiring an additional 2,126 shares during the last quarter. Trust Co of the South acquired a new stake in shares of Investors Title during the 4th quarter worth about $322,000. Barclays PLC lifted its stake in Investors Title by 127.2% during the third quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock worth $553,000 after purchasing an additional 1,347 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in Investors Title in the third quarter valued at approximately $267,000. 41.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Investors Title from a “hold” rating to a “buy” rating in a research report on Saturday, March 22nd.

Investors Title Price Performance

NASDAQ ITIC opened at $241.42 on Thursday. The company has a fifty day moving average of $231.72 and a two-hundred day moving average of $239.82. The company has a market capitalization of $455.32 million, a PE ratio of 14.69 and a beta of 0.97. Investors Title has a 1 year low of $146.41 and a 1 year high of $290.40.

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

Investors Title Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Monday, March 24th. Investors Title’s payout ratio is currently 11.20%.

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.