Investors Title Company (NASDAQ:ITIC – Get Free Report) announced a special dividend on Monday, November 9th. Stockholders of record on Tuesday, December 1st will be given a dividend of $19.27 per share by the insurance provider on Tuesday, December 15th. The ex-dividend date is Tuesday, December 1st.
Investors Title has decreased its dividend by an average of 0.1% per year over the last three years.
Investors Title Trading Up 1.4%
Shares of ITIC opened at $259.84 on Tuesday. The firm has a market capitalization of $491.10 million, a P/E ratio of 13.08 and a beta of 0.60. The stock’s fifty day simple moving average is $286.80 and its 200 day simple moving average is $261.83. Investors Title has a twelve month low of $209.75 and a twelve month high of $309.55.
Investors Title (NASDAQ:ITIC – Get Free Report) last issued its earnings results on Thursday, November 5th. The insurance provider reported $4.97 earnings per share for the quarter. Investors Title had a return on equity of 14.62% and a net margin of 13.80%. The firm had revenue of $83.55 million for the quarter.
Analyst Upgrades and Downgrades
ITIC has been the topic of a number of research reports. Wall Street Zen downgraded Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Weiss Ratings lowered Investors Title from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Investors Title currently has a consensus rating of “Buy”.
View Our Latest Analysis on ITIC
Investors Title Company Profile
Investors Title Company (NASDAQ: ITIC) is an insurance and real estate services company headquartered in Chapel Hill, North Carolina. Founded in 1972, the company provides title insurance and related services that help protect property owners and lenders against losses arising from defects, claims, or other issues affecting real estate ownership.
Through its title insurance subsidiaries, including Investors Title Insurance Company and National Investors Title Insurance Company, the company offers lender’s and owner’s title insurance policies.
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