Mountain Hill Investment Partners Corp. Invests $47,000 in Investors Title (NASDAQ:ITIC)

Mountain Hill Investment Partners Corp. acquired a new stake in Investors Title (NASDAQ:ITIC) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 200 shares of the insurance provider’s stock, valued at approximately $47,000.

A number of other large investors have also bought and sold shares of ITIC. Charles Schwab Investment Management Inc. lifted its stake in Investors Title by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after buying an additional 142 shares in the last quarter. FMR LLC raised its holdings in shares of Investors Title by 73.6% during the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 203 shares during the period. BNP Paribas Financial Markets lifted its position in Investors Title by 65.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 214 shares in the last quarter. Martingale Asset Management L P boosted its stake in Investors Title by 10.8% in the 3rd quarter. Martingale Asset Management L P now owns 1,431 shares of the insurance provider’s stock worth $329,000 after purchasing an additional 140 shares during the period. Finally, PDT Partners LLC bought a new position in Investors Title during the 3rd quarter worth about $267,000. 41.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Investors Title from a “hold” rating to a “buy” rating in a research report on Saturday.

Investors Title Stock Down 2.1 %

NASDAQ:ITIC opened at $237.43 on Monday. The company has a market cap of $447.79 million, a P/E ratio of 14.45 and a beta of 0.97. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40. The business has a 50 day moving average price of $230.64 and a two-hundred day moving average price of $239.53.

Investors Title (NASDAQ:ITIC) last announced its earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%. The business had revenue of $70.63 million during the quarter.

Investors Title Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, March 24th. This represents a $1.84 annualized dividend and a yield of 0.77%. Investors Title’s payout ratio is presently 11.20%.

Investors Title Company Profile

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.