O Shaughnessy Asset Management LLC Reduces Position in Investors Title (NASDAQ:ITIC)

O Shaughnessy Asset Management LLC trimmed its position in Investors Title (NASDAQ:ITIC) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,293 shares of the insurance provider’s stock after selling 552 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Investors Title were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITIC. Mountain Hill Investment Partners Corp. purchased a new position in shares of Investors Title in the fourth quarter worth about $47,000. FMR LLC raised its position in Investors Title by 73.6% during the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after buying an additional 203 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 214 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Investors Title by 21.0% in the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock valued at $146,000 after acquiring an additional 107 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Investors Title by 225.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider’s stock worth $154,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 41.40% of the company’s stock.

Investors Title Stock Down 0.4 %

Shares of ITIC opened at $227.74 on Monday. The company has a market capitalization of $429.52 million, a price-to-earnings ratio of 13.86 and a beta of 0.84. Investors Title has a 52 week low of $146.41 and a 52 week high of $290.40. The stock’s 50-day moving average price is $233.15 and its 200-day moving average price is $240.43.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share (EPS) for the quarter. The company 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 24th were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 24th. This represents a $1.84 annualized dividend and a yield of 0.81%. Investors Title’s dividend payout ratio is presently 11.20%.

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.

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.