StockNews.com downgraded shares of Investors Title (NASDAQ:ITIC – Free Report) from a buy rating to a hold rating in a research report released on Wednesday.
Investors Title Stock Down 0.7 %
Shares of NASDAQ:ITIC traded down $1.54 during trading on Wednesday, hitting $204.48. 20,722 shares of the company were exchanged, compared to its average volume of 9,191. Investors Title has a 1-year low of $127.71 and a 1-year high of $213.00. The company has a market capitalization of $385.24 million, a P/E ratio of 15.44 and a beta of 0.87. The business’s 50 day moving average is $185.59 and its 200-day moving average is $169.56.
Investors Title Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, June 14th. Investors Title’s dividend payout ratio is currently 13.90%.
Institutional Investors Weigh In On Investors Title
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.
Further Reading
- Five stocks we like better than Investors Title
- Dividend Capture Strategy: What You Need to Know
- MarketBeat Week in Review – 8/5 – 8/9
- The How and Why of Investing in Gold Stocks
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- Upcoming IPO Stock Lockup Period, Explained
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for Investors Title Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Title and related companies with MarketBeat.com's FREE daily email newsletter.