O Shaughnessy Asset Management LLC Purchases New Position in Investors Title (NASDAQ:ITIC)

O Shaughnessy Asset Management LLC bought a new position in shares of Investors Title (NASDAQ:ITICGet Rating) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,380 shares of the insurance provider’s stock, valued at approximately $351,000. O Shaughnessy Asset Management LLC owned 0.13% of Investors Title as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ITIC. FMR LLC grew its holdings in shares of Investors Title by 5.5% during the 2nd quarter. FMR LLC now owns 35,770 shares of the insurance provider’s stock worth $5,612,000 after acquiring an additional 1,854 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Investors Title by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 90,747 shares of the insurance provider’s stock worth $13,390,000 after acquiring an additional 1,760 shares during the period. Two Sigma Investments LP purchased a new position in shares of Investors Title during the 3rd quarter worth approximately $246,000. Citadel Advisors LLC purchased a new position in shares of Investors Title during the 3rd quarter worth approximately $230,000. Finally, Zebra Capital Management LLC grew its holdings in shares of Investors Title by 40.2% during the 1st quarter. Zebra Capital Management LLC now owns 1,637 shares of the insurance provider’s stock worth $333,000 after acquiring an additional 469 shares during the period. Hedge funds and other institutional investors own 39.99% of the company’s stock.

Investors Title Stock Down 2.2 %

Shares of ITIC opened at $132.55 on Thursday. The business’s 50 day moving average price is $145.10 and its 200-day moving average price is $150.08. Investors Title has a 52 week low of $125.80 and a 52 week high of $168.98. The stock has a market cap of $251.85 million, a P/E ratio of 13.31 and a beta of 0.76.

Investors Title Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be given a $0.46 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.39%. Investors Title’s dividend payout ratio is currently 18.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Investors Title from a “buy” rating to a “hold” rating in a report on Thursday, May 11th.

Investors Title Company Profile

(Get Rating)

Investors Title Co operates as a holding company engaged in the issuance of residential and commercial title insurance. It provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (ITEC) and Investors Title Accommodation Corporation (ITAC), investment management and trust services to individuals, trusts and other entities through its subsidiary, Investors Trust Company (Investors Trust), and management services to title insurance agencies through its subsidiary, Investors Title Management Services (ITMS).

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Institutional Ownership by Quarter for Investors Title (NASDAQ:ITIC)

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