Last $72.19 USD
Change Today 0.00 / 0.00%
Volume 2.6K
ITIC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

investors title co (ITIC) Snapshot

Open
$72.19
Previous Close
$72.19
Day High
$75.00
Day Low
$72.19
52 Week High
12/20/13 - $83.55
52 Week Low
06/23/14 - $62.53
Market Cap
146.5M
Average Volume 10 Days
3.2K
EPS TTM
$5.45
Shares Outstanding
2.0M
EX-Date
08/27/14
P/E TM
13.3x
Dividend
$0.32
Dividend Yield
0.44%
Current Stock Chart for INVESTORS TITLE CO (ITIC)

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investors title co (ITIC) Details

Investors Title Company, through its subsidiaries, provides title insurance to residential, institutional, commercial, and industrial properties in the United States. It underwrites land title insurance for owners and mortgagees as a primary insurer; and offers the reinsurance of title insurance risks to other title insurance companies. The company also provides services in connection with tax-deferred real property exchange; serves as a qualified intermediary in like-kind exchanges of real or personal property; coordinates the exchange aspects of the real estate transaction; and performs duties, including drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property. In addition, it serves as an exchange accommodation titleholder in reverse exchanges when the taxpayer must acquire replacement property before selling the relinquished property. Further, the company offers investment management and trust services to individuals, companies, banks, and trusts; and provides consulting services to title insurance agencies. It issues title insurance policies primarily through approved attorneys from underwriting offices, as well as through independent issuing agents in 22 states and the District of Columbia, primarily in the eastern half of the United States. Investors Title Company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.

227 Employees
Last Reported Date: 03/14/14
Founded in 1972

investors title co (ITIC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $828.3K
President, Chief Financial Officer, Chief Acc...
Total Annual Compensation: $852.9K
Executive Vice President, Secretary, Director...
Total Annual Compensation: $852.9K
Compensation as of Fiscal Year 2013.

investors title co (ITIC) Key Developments

Investors Title Company Declares Quarterly Dividend, Payable on September 15, 2014

Investors Title Company announced that the company's Board of Directors has declared a cash dividend of $0.08 per share to shareholders of record is on September 1, 2014, payable on September 15, 2014.

Investors Title Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Investors Title Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income attributable to the company decreased 15.8% to $3,373,598, or $1.65 per diluted share, compared with $4,005,675, or $1.92 per diluted share, for the prior year quarter. Revenues decreased 1.4% to $33,221,553 versus the prior year quarter, primarily due to a 1.9% decrease in net premiums written. The premium decrease reflects substantially lower levels of refinance activity resulting from higher mortgage interest rates, partially offset by an increase in the level of purchase activity and growth in underlying real estate values upon which premiums are based. Income before income taxes was $4,679,044 against $5,870,050 reported last year. Net premiums written were $29,849,853 against $30,429,761 reported last year. For the six months ended June 30, 2014, net income attributable to the company decreased 40.9% to $4,360,036, or $2.14 per diluted share, compared with $7,382,405, or $3.54 per diluted share, for the prior year period. Revenues increased 1.9% to $61,675,627 versus the prior year period, primarily due to increases in premium volumes and realized gains on investments. Income before income taxes was $6,035,559 against $10,621,468 reported last year. Net premiums written were $54,759,105 against $54,355,758 reported last year.

Investors Title Co.(NasdaqGS:ITIC) dropped from Russell 2000 Index

Investors Title Co. will be removed from the Russell 2000 Index.

 

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ITIC

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Valuation ITIC Industry Range
Price/Earnings 12.7x
Price/Sales 1.2x
Price/Book 1.1x
Price/Cash Flow 12.5x
TEV/Sales 0.9x
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