Key Details
Price
$230.02Last Dividend
$14.46TTM Dividend Yield
6.89%PE Ratio
15.22Annual ROE
8.81%Beta
1.04Events Calendar
Next earnings date:
Feb 13, 2025Recent quarterly earnings:
Nov 5, 2024Recent annual earnings:
Feb 13, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 2, 2024Next split:
N/ARecent split:
Sep 16, 1987Analyst ratings
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Investors Title Company maintains a Buy rating due to strong organic growth in Texas and Florida, despite higher interest rates impacting real estate transactions. Year-over-year revenues increased by 9.6%, with YTD earnings up over 40%, supported by a significant dividend and an impressive balance sheet. My valuation of $300 remains justified, with the company demonstrating resilience and growth potential even in a high-rate environment.
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors declared a special cash dividend of $14.00 per share to shareholders of record on December 2, 2024, payable December 16, 2024. The special dividend will be funded through existing cash balances. The Board also declared a regular quarterly cash dividend of $.46 per share to shareholders of record December 2, 2024, payable on December 16, 2024. Investors Title Company i.
ITIC reports a 31% EPS increase in Q3, driven by higher net premiums, growth in Texas and Florida markets, and improved investment returns, showcasing resilient profitability.
Investors Title Company has a low-risk business model with stable revenue from underwriting title insurance contracts, benefiting from increased home sales. ITIC reported strong financials in Q2 and H1, with a net profit of $8.9M and EPS of $4.71, driven by higher premium income. The company has a solid balance sheet with no financial debt and significant cash reserves, supporting its liquidity and potential for special dividends.
Here we highlight 2 Outperform rated Small Caps that should benefit from a lower interest rate environment.
Investors Title (ITIC) sees a 17% increase in net income for second-quarter 2024, with EPS rising to $4.70. Revenues rise 12.1%, driven by higher premiums and real estate activity.
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 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%.
Here's where two of our contributors see opportunities right now.
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.
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