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Investors Title Co. - ITIC STOCK NEWS

Welcome to our dedicated news page for Investors Title Co. (Ticker: ITIC), a resource for investors and traders seeking the latest updates and insights on Investors Title Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Investors Title Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Investors Title Co.'s position in the market.

News
Investors Title Company Declares Quarterly Dividend
Rhea-AI Summary
Investors Title Company (ITIC) declares a cash dividend of $.46 per share to shareholders of record on March 18, 2024, payable on March 29, 2024. ITIC is a North Carolina company traded on Nasdaq, specializing in title insurance policies, tax-deferred exchanges, and investment management services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
dividends
-
News
Investors Title Company Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Investors Title Company (ITIC) reported a decrease in net income for the fourth quarter and year ended December 31, 2023, with revenues and operating expenses also showing declines. The company attributes these decreases to lower real estate transaction volumes due to higher mortgage interest rates and housing inventory constraints. Despite these challenges, the company remains optimistic about market improvements in 2024 and continues to invest in software and other initiatives for future competitiveness.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.55%
Tags
earnings
-
News
Investors Title Company Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
Rhea-AI Summary
Investors Title Company (Nasdaq: ITIC) has declared a special cash dividend of $4.00 per share and a regular quarterly cash dividend of $0.46 per share. The special dividend will be funded through existing cash balances. The record date for both dividends is December 1, 2023, and the payment date is December 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.01%
Tags
dividends
News
Investors Title Company Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Investors Title Company (Nasdaq: ITIC) reported net income of $7.1 million, or $3.75 per diluted share, for Q3 2023, compared to $7.9 million, or $4.17 per diluted share, in the prior year period. Revenues decreased 21.3% to $61.4 million, primarily due to declines in title insurance business and other investment income. Operating expenses decreased 22.3% due to reductions in expenses tied to title insurance volume. Income before income taxes decreased to $8.6 million, versus $10.1 million in the prior year period. For the nine months ended September 30, 2023, net income decreased to $15.9 million, compared to $16.4 million in the prior year period. Revenues decreased 21.5% to $171.1 million, and operating expenses decreased 23.3% to $151.1 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
Tags
earnings
-
News
AM Best Affirms Credit Ratings of Investors Title Company and Its Subsidiaries
Rhea-AI Summary
AM Best affirms the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of 'a' (Excellent) for the subsidiaries of Investors Title Company. The outlook is stable. The ratings reflect ITC Group's strong balance sheet, operating performance, limited business profile, and appropriate enterprise risk management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
Tags
none
-
News
Investors Title Company Declares Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
dividends
News
Investors Title Company Announces Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
earnings
-
News
Investors Title Company Declares Quarterly Dividend
Rhea-AI Summary
Investors Title Company (Nasdaq: ITIC) has declared a cash dividend of $0.46 per share to shareholders of record on June 15, 2023, payable on June 30, 2023. The company is engaged in issuing and underwriting title insurance policies, as well as providing services in connection with tax-deferred exchanges and investment management services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.62%
Tags
dividends
-
News
Investors Title Company Announces First Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
earnings
News
Investors Title Company Declares Quarterly Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.13%
Tags
dividends
Stock ITIC logo
Investors Title Co.

Nasdaq:ITIC

ITIC Rankings

#3378 Ranked by Market Cap
#2723 Ranked by Stock Gains
#1767 Ranked by Dividends

ITIC Stock Data

295.96M
1.36M
25.23%
48.03%
0.24%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States
Chapel Hill

About ITIC

based in chapel hill, north carolina, investors title company is a holding company for investors title insurance company and national investors title insurance company which write policies to protect mortgage lenders and homeowners from unforeseen claims made against title to real property. established in 1972, investors title specializes in residential and commercial title insurance, 1031 exchanges, reverse exchanges, title agency management services, and trust and capital management services.