Investors Title (NASDAQ:ITIC) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Shares of Investors Title Company (NASDAQ:ITIC) crossed 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

A number of 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 report 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 equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Investors Title Price Performance

The stock has a 50 day simple moving average of $286.32 and a two-hundred day simple moving average of $261.90. The company has a market cap of $511.11 million, a PE ratio of 13.61 and a beta of 0.60.

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

Investors Title Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ITIC. Legal & General Group Plc purchased a new position in Investors Title in the second quarter worth $100,000. Russell Investments Group Ltd. raised its stake in Investors Title by 6.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 962 shares of the insurance provider’s stock valued at $272,000 after purchasing an additional 57 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Investors Title in the 2nd quarter valued at about $290,000. Meeder Asset Management Inc. acquired a new stake in shares of Investors Title during the 2nd quarter worth about $292,000. Finally, Deutsche Bank AG acquired a new stake in shares of Investors Title during the 2nd quarter worth about $391,000. 41.40% of the stock is currently owned by institutional investors and hedge funds.

About Investors Title

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.