Amalgamated Bank Acquires New Shares in Investors Title (NASDAQ:ITIC)

Amalgamated Financial institution bought a new posture in shares of Traders Title (NASDAQ:ITICGet Ranking) during the 1st quarter, in accordance to its most modern disclosure with the SEC. The fund purchased 166 shares of the insurance coverage provider’s stock, valued at approximately $34,000.

Other hedge resources and other institutional traders have also just lately bought and marketed shares of the firm. Advisor Team Holdings Inc. lifted its holdings in Buyers Title by 28.6% through the 1st quarter. Advisor Group Holdings Inc. now owns 450 shares of the coverage provider’s stock worthy of $91,000 immediately after shopping for an extra 100 shares all through the period of time. MetLife Investment Management LLC lifted its holdings in Investors Title by 56.9% throughout the 1st quarter. MetLife Financial commitment Management LLC now owns 747 shares of the insurance policies provider’s stock worthy of $152,000 just after shopping for an supplemental 271 shares through the interval. Canal Funds Management LLC acquired a new place in Traders Title in the course of the 1st quarter worthy of about $203,000. Zebra Money Management LLC lifted its holdings in Traders Title by 40.2% throughout the 1st quarter. Zebra Money Management LLC now owns 1,637 shares of the insurance plan provider’s inventory value $333,000 following purchasing an further 469 shares all through the time period. Ultimately, Cornerstone Wealth Team LLC acquired a new place in Traders Title through the 1st quarter worthy of about $396,000. 40.60% of the inventory is owned by institutional buyers and hedge resources.

Analysts Established New Value Targets

Individually, initiated coverage on Buyers Title in a report on Wednesday. They set a “buy” rating on the inventory.

Buyers Title Rate Effectiveness

Shares of NASDAQ:ITIC opened at $131.10 on Friday. The business has a current market capitalization of $248.70 million, a rate-to-earnings ratio of 6.04 and a beta of .74. The business’s 50-working day transferring average is $148.27 and its 200-working day transferring normal is $160.20. Buyers Title has a 1 calendar year small of $130.10 and a 1 year significant of $248.00.

Buyers Title (NASDAQ:ITICGet Ranking) last declared its quarterly earnings facts on Friday, August 5th. The insurance coverage service provider claimed $1.20 earnings for every share (EPS) for the quarter. The organization had earnings of $70.90 million for the quarter. Buyers Title experienced a return on fairness of 17.82% and a web margin of 13.41%.

Investors Title Announces Dividend

The organization also a short while ago announced a quarterly dividend, which was paid out on Thursday, September 15th. Buyers of record on Thursday, September 1st were specified a $.46 dividend. This signifies a $1.84 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Wednesday, August 31st. Traders Title’s payout ratio is 8.36%.

About Investors Title

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Traders Title Corporation, via its subsidiaries, engages in the issuance of household and industrial title insurance coverage for household, institutional, business, and industrial attributes. The company underwrites land title insurance for house owners and mortgagees as a main insurance company and assumes the reinsurance of title coverage challenges from other title coverage businesses.

Showcased Tales

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

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