Investors Title Company (ITIC) To Go Ex-Dividend on March 23rd

Investors Title Company (NASDAQ:ITIC) declared a quarterly dividend on Monday, March 9th. Stockholders of record on Monday, March 23rd will be paid a dividend of 0.46 per share by the insurance provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, March 23rd.

Investors Title has decreased its dividend by an average of 0.1%annually over the last three years.

Investors Title Trading Down 2.2%

Shares of ITIC stock opened at $210.13 on Friday. The firm’s fifty day moving average price is $243.93 and its two-hundred day moving average price is $254.58. Investors Title has a 1 year low of $190.20 and a 1 year high of $288.98. The firm has a market capitalization of $397.15 million, a P/E ratio of 11.32 and a beta of 0.67.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Tuesday, February 17th. The insurance provider reported $3.97 earnings per share for the quarter. The firm had revenue of $69.32 million during the quarter. Investors Title had a return on equity of 13.19% and a net margin of 12.90%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Investors Title in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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. 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.