Steinberg Global Asset Management lifted its stake in shares of Investors Title (NASDAQ:ITIC) by 20.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,800 shares of the insurance provider’s stock after acquiring an additional 300 shares during the period. Steinberg Global Asset Management owned 0.10% of Investors Title worth $360,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of ITIC. Metropolitan Life Insurance Co. NY acquired a new stake in Investors Title in the 4th quarter worth about $89,000. SG Americas Securities LLC acquired a new stake in Investors Title in the 4th quarter worth about $110,000. MetLife Investment Advisors LLC acquired a new stake in Investors Title in the 4th quarter worth about $121,000. Semmax Financial Advisors Inc. acquired a new stake in Investors Title in the 4th quarter worth about $146,000. Finally, Nisa Investment Advisors LLC boosted its stake in Investors Title by 3,714.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,335 shares of the insurance provider’s stock worth $236,000 after buying an additional 1,300 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub lowered Investors Title from a “buy” rating to a “hold” rating in a research note on Friday, January 11th.
Investors Title (NASDAQ:ITIC) last released its quarterly earnings data on Friday, February 8th. The insurance provider reported $0.07 EPS for the quarter. The company had revenue of $32.29 million for the quarter. Investors Title had a return on equity of 13.10% and a net margin of 14.99%.
In other news, CFO James A. Fine, Jr. sold 987 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $156.01, for a total value of $153,981.87. Following the transaction, the chief financial officer now directly owns 178,880 shares in the company, valued at approximately $27,907,068.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 33.10% of the company’s stock.
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Investors Title Company Profile
Investors Title Company, through its subsidiaries, provides 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.
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