Arrowstreet Capital Limited Partnership Has $2.62 Million Stock Position in Investors Title (NASDAQ:ITIC)

Arrowstreet Capital Limited Partnership lifted its position in Investors Title (NASDAQ:ITIC) by 11.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,079 shares of the insurance provider’s stock after buying an additional 1,153 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Investors Title were worth $2,623,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its position in Investors Title by 21.0% during the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 107 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 buying an additional 142 shares during the period. Mountain Hill Investment Partners Corp. purchased a new position in shares of Investors Title during the fourth quarter valued at $47,000. FMR LLC raised its position in Investors Title by 73.6% during 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 period. Finally, BNP Paribas Financial Markets lifted its stake in Investors Title by 65.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock worth $124,000 after acquiring an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 41.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Investors Title from a “hold” rating to a “buy” rating in a research note on Saturday, March 22nd.

Investors Title Stock Performance

Investors Title stock opened at $236.00 on Thursday. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40. The firm has a market cap of $445.10 million, a PE ratio of 14.36 and a beta of 0.84. The firm’s 50 day moving average price is $232.81 and its two-hundred day moving average price is $240.10.

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

Investors Title Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 24th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Monday, March 24th. Investors Title’s dividend payout ratio (DPR) is presently 11.20%.

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.