ITIC Stock Recent News

CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) today announced results for the second quarter ended June 30, 2024. The Company reported net income of $8.9 million, or $4.70 per diluted share, compared with $7.6 million, or $4.00 per diluted share, for the prior year period. Revenues increased 12.1% to $65.4 million, compared to $58.3 million in the prior year period, primarily due to an increase in premiums written stemming from higher activity levels in certain mark.

Explore why Zacks gives Investors Title a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Uncover ITIC's growth in the thriving title insurance market, robust financials and the challenges it faces in a competitive landscape.

Investors Title Company has consistently reported positive earnings since 2009 and enjoys a very healthy balance sheet. Despite a decline in revenues compared to the surge in real estate activity during COVID, ITIC has shown long-term growth and has opportunities for expansion in Texas and Florida. ITIC's strong relationships with local attorneys in the South and its ability to launch adjacent operations have given the company a strong moat and additional income sources.

CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record June 14, 2024, payable June 28, 2024. Investors Title Company is a publicly-held North Carolina company whose stock is traded on The Nasdaq Global Select Market. Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides serv.

Investors Title Company is a consistently profitable insurance company. It's been growing its balance sheet while its reserves for claims stay flat. Sometimes it even pays a special dividend around 10%.

Investors Title Company represents a low-risk opportunity with reasonable upside. Despite short-term macro headwinds, ITIC has substantial long-term earning power and a rock-solid balance sheet.

Investors Title has been well run by the founding Fine family for a number of years, who have maintained a conservative balance sheet and grown premiums at 9% per year. Title premiums are set to be challenged by a battered real estate market, but Investors Title's market share growth in Texas should partially offset those headwinds.

ITIC saw its business rebound in Q3 and I now anticipate a full-year net income of around $25/share adjusted for changes in the fair value of the investment portfolio. The company pays a low quarterly dividend but makes up for it by paying a special dividend in Q4.

ITIC is a title insurance company. Claims rates are exceptionally low, allowing ITIC to book very handsome profits.

CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record September 1, 2021, payable September 15, 2021. Investors Title Company is a publicly-held North Carolina company whose stock is traded on The Nasdaq Global Select Market. Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also prov