Jane Street Group LLC Has $482,000 Position in Investors Title (NASDAQ:ITIC)

Jane Street Group LLC boosted its position in Investors Title (NASDAQ:ITIC) by 33.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,096 shares of the insurance provider’s stock after acquiring an additional 523 shares during the quarter. Jane Street Group LLC’s holdings in Investors Title were worth $482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PDT Partners LLC bought a new position in Investors Title in the third quarter valued at about $267,000. Canal Capital Management LLC bought a new position in Investors Title in the 3rd quarter valued at approximately $230,000. Centiva Capital LP acquired a new stake in Investors Title in the third quarter valued at approximately $226,000. American Century Companies Inc. grew its stake in shares of Investors Title by 27.0% during the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after buying an additional 803 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of 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 valued at $2,271,000 after acquiring an additional 710 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors.

Investors Title Stock Performance

ITIC stock opened at $228.77 on Tuesday. The company has a market capitalization of $431.00 million, a P/E ratio of 15.14 and a beta of 0.92. Investors Title has a 52-week low of $146.41 and a 52-week high of $290.40. The company has a fifty day moving average price of $257.48 and a 200-day moving average price of $228.10.

Investors Title Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $14.46 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $57.84 dividend on an annualized basis and a yield of 25.28%. This is a boost from Investors Title’s previous quarterly dividend of $0.46. Investors Title’s dividend payout ratio is 12.18%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st.

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.