Investors Title Co Nc Stock Price, News & Analysis

Investors Title Company reported Q3 2021 net income of $14.5 million ($7.63 per diluted share), down from $15.3 million ($8.07 per share) year-over-year. Revenues rose 20.4% to $81.4 million, driven by a 26.5% increase in net premiums written to $72.3 million. Escrow fees surged 79.3%, and non-title service revenue grew 25.2%. Operating expenses rose 29.1%, largely due to higher commissions and personnel costs. For the nine months, net income increased to $48.1 million from $22.8 million.

Investors Title Company (Nasdaq: ITIC) has declared a cash dividend of $.46 per share for shareholders of record as of September 1, 2021, payable on September 15, 2021. This announcement underscores the company's commitment to returning value to investors. Investors Title specializes in issuing and underwriting title insurance policies and also offers services related to tax-deferred exchanges and investment management. The company is publicly traded on The Nasdaq Global Select Market.

Investors Title Company reported strong Q2 2021 results, achieving a net income of $19.8 million ($10.42/share), up from $14.5 million ($7.65/share) last year. Revenues soared 37.6% to $85.0 million, driven by a 42.2% increase in net premiums written due to lower interest rates and economic recovery. Escrow and other title-related fees surged 72.8%. Operating expenses rose 36.2%, but claims expenses dropped 28.0%, reflecting improved claims experience. The company anticipates a positive outlook for real estate activity due to low mortgage rates and economic recovery.

Investors Title Company (Nasdaq: ITIC) has announced a cash dividend of $.46 per share, a 4.55% increase from the previous $.44 per share. This dividend is payable to shareholders of record as of June 15, 2021, with a payment date of June 30, 2021. The company specializes in issuing and underwriting title insurance policies and provides related services, including tax-deferred exchanges and investment management.

Investors Title Company reported record results for Q1 2021, achieving net income of $13.8 million, or $7.29 per diluted share, reversing a $7.0 million loss from the previous year. Revenues surged 141.1% to $72.1 million, driven by a 59.2% increase in net premiums written. While escrow and title-related fees rose, revenues from non-title services fell 18.4%. Operating expenses increased by 42.5%, with a significant rise in commissions and personnel costs. The CEO expressed optimism for ongoing growth in the housing market despite potential increases in interest rates.

Investors Title Company (Nasdaq: ITIC) has declared a cash dividend of $.44 per share, with shareholders of record on March 23, 2021 and payment scheduled for March 30, 2021. The company operates primarily in the title insurance sector, providing related services including tax-deferred exchanges and investment management.

Investors Title Company reported record results for Q4 and the year ended December 31, 2020. Q4 net income rose 46.2% to $16.6 million ($8.77/share), while annual net income increased 25.3% to $39.4 million ($20.80/share). Quarterly revenues surged 45.8% to $77.1 million, and net premiums written climbed 48.2% to $62.1 million. Operating expenses grew 45.4%, primarily due to commissions and personnel costs. Chairman J. Allen Fine expressed optimism for 2021, anticipating continued housing demand and economic recovery, despite potential fluctuations in refinance activity.

Investors Title Company (Nasdaq: ITIC) has declared a special cash dividend of $15.00 per share for shareholders on record as of December 1, 2020, payable on December 15, 2020. Additionally, a regular quarterly cash dividend of $0.44 per share will also be paid on the same date. The special dividend reflects the Company’s strong financial position and confidence in its future, funded through existing cash balances. The Company operates in title insurance and related services, emphasizing a conservative capital structure while returning capital to its shareholders.

Investors Title Company reported a significant increase in third-quarter results for 2020, achieving a net income of $15.3 million or $8.07 per diluted share, compared to $8.0 million or $4.20 per diluted share in the previous year. Total revenues surged 41.1% to $67.6 million, driven by a 42.4% increase in net premiums written. However, revenue from non-title services fell 23.0%. The company experienced operating expenses rising 28.6% due to higher premiums and inflation. For nine months, net income rose 13.5% to $22.8 million.