Investors Title (NASDAQ:ITIC) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Investors Title Company (NASDAQ:ITIC)’s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $261.90 and traded as high as $279.64. Investors Title shares last traded at $270.43, with a volume of 39,777 shares.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Investors Title from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, November 3rd. Wall Street Zen cut shares of Investors Title from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Investors Title Trading Down 4.5%

The business has a fifty day moving average of $285.71 and a 200-day moving average of $261.96. The company has a market cap of $475.25 million, a PE ratio of 12.66 and a beta of 0.60.

Investors Title (NASDAQ:ITIC) last released its quarterly earnings data on Thursday, November 5th. The insurance provider reported $4.97 earnings per share for the quarter. The business had revenue of $83.55 million during the quarter. Investors Title had a return on equity of 13.64% and a net margin of 12.47%.

Investors Title Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a $19.27 dividend. The ex-dividend date is Tuesday, December 1st. Investors Title’s payout ratio is 9.26%.

Insiders Place Their Bets

In related news, Director Elton Parker, Jr. acquired 500 shares of Investors Title stock in a transaction on Wednesday, November 11th. The shares were acquired at an average cost of $266.00 per share, with a total value of $133,000.00. Following the transaction, the director owned 4,250 shares in the company, valued at $1,130,500. This trade represents a 13.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 25.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ITIC. BlackRock Inc. purchased a new stake in shares of Investors Title in the 2nd quarter worth about $32,062,000. Bank of New York Mellon Corp purchased a new position in shares of Investors Title during the second quarter valued at about $3,588,000. Bank of America Corp DE purchased a new position in shares of Investors Title during the second quarter valued at about $1,554,000. GSA Capital Partners LLP purchased a new position in shares of Investors Title during the second quarter valued at about $777,000. Finally, Aristides Capital LLC raised its stake in Investors Title by 13.6% in the first quarter. Aristides Capital LLC now owns 18,953 shares of the insurance provider’s stock worth $4,119,000 after buying an additional 2,273 shares in the last quarter. 41.40% of the stock is currently owned by institutional investors.

About Investors Title

Investors Title Company (NASDAQ: ITIC) is a title insurance and real estate services company headquartered in Chapel Hill, North Carolina. Through its subsidiaries, it provides title insurance that helps protect property owners and mortgage lenders against certain losses arising from defects in a property’s title. The company also offers related services, including title examination and settlement support, as well as tax-deferred exchange services for real estate transactions. It distributes its products through a network of agents and its own operations in multiple U.S. states.