Aristides Capital LLC Purchases 2,273 Shares of Investors Title Company $ITIC

Aristides Capital LLC increased its holdings in shares of Investors Title Company (NASDAQ:ITIC) by 13.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 18,953 shares of the insurance provider’s stock after acquiring an additional 2,273 shares during the period. Investors Title comprises approximately 0.7% of Aristides Capital LLC’s portfolio, making the stock its 23rd biggest holding. Aristides Capital LLC’s holdings in Investors Title were worth $4,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in Investors Title during the 4th quarter valued at approximately $36,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Investors Title by 34.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 193 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 49 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Investors Title by 357.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider’s stock valued at $83,000 after acquiring an additional 243 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Investors Title by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock valued at $201,000 after acquiring an additional 49 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Investors Title in the fourth quarter valued at $224,000. Institutional investors own 41.40% of the company’s stock.

Insider Activity

In other Investors Title news, Director Jr. Elton C. Parker bought 538 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $231.00 per share, with a total value of $124,278.00. Following the completion of the purchase, the director owned 3,750 shares in the company, valued at $866,250. This represents a 16.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 25.96% of the stock is owned by company insiders.

Investors Title Trading Down 2.5%

Investors Title stock opened at $276.21 on Friday. The firm has a 50-day moving average price of $259.78 and a 200-day moving average price of $246.52. The firm has a market capitalization of $522.04 million, a PE ratio of 13.74 and a beta of 0.63. Investors Title Company has a 12-month low of $205.85 and a 12-month high of $291.43.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings results on Thursday, May 7th. The insurance provider reported $3.20 EPS for the quarter. The company had revenue of $63.49 million for the quarter. Investors Title had a net margin of 13.59% and a return on equity of 14.03%.

Investors Title Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, June 15th. Investors Title’s payout ratio is 9.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ITIC shares. Weiss Ratings upgraded shares of Investors Title from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. Wall Street Zen lowered shares of Investors Title from a “buy” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Investors Title presently has an average rating of “Buy”.

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. 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.