Centiva Capital LP Invests $226,000 in Investors Title (NASDAQ:ITIC)

Centiva Capital LP bought a new position in Investors Title (NASDAQ:ITIC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 985 shares of the insurance provider’s stock, valued at approximately $226,000. Centiva Capital LP owned about 0.05% of Investors Title as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Investors Title by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 67,743 shares of the insurance provider’s stock worth $11,055,000 after buying an additional 591 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Investors Title by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,607 shares of the insurance provider’s stock worth $2,271,000 after purchasing an additional 710 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Investors Title by 55.0% during the 2nd quarter. Ritholtz Wealth Management now owns 2,480 shares of the insurance provider’s stock valued at $447,000 after purchasing an additional 880 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Investors Title by 9.1% in the second quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock worth $376,000 after buying an additional 174 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Investors Title by 27.0% during the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock valued at $680,000 after buying an additional 803 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors.

Investors Title Stock Down 0.4 %

ITIC opened at $265.52 on Friday. Investors Title has a 52-week low of $143.00 and a 52-week high of $290.40. The company has a market cap of $500.24 million, a P/E ratio of 17.57 and a beta of 0.89. The firm’s 50-day moving average price is $253.27 and its 200-day moving average price is $218.93.

Investors Title Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $14.46 dividend. This represents a $57.84 annualized dividend and a yield of 21.78%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Investors Title’s previous quarterly dividend of $0.46. Investors Title’s dividend payout ratio is currently 12.18%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Investors Title from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

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.