Investors Title Company Announces Record Fourth Quarter and Fiscal Year 2019 Results
Investors Title Company (ITIC)
US:NASDAQ Investor Relations:
invtitle.com/investor-relations-overview
Company Research
Source: Business Wire
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company today announced results for the fourth quarter and year ended December 31, 2019.For the year, net income attributable to the Company increased 43.7% to a record $31.5 million, or $16.59 per diluted share, versus $21.9 million, or $11.54 per diluted share, in the prior year. For the quarter, net income attributable to the Company increased to a record $11.4 million, or $6.00 per diluted share, versus $135,000, or $0.07 per diluted share, in the prior year period.Revenues for the year increased 17.4% to a record $183.5 million, compared with $156.3 million in the prior year. Revenues benefitted from a $10.3 million increase in the fair value of equity security investments, compared to a $4.1 million decrease in the fair value of equity security investments in the prior year. In addition, net premiums written increased 5.6% to $145.8 million, a new record. The increase in premiums stemmed from a favorable interest rate envir
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News
- Investors Title Full Year 2023 Earnings: EPS: US$11.46 (vs US$12.60 in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Investors Title Company Declares Quarterly DividendBusiness Wire
- Owning 45% shares,institutional owners seem interested in Investors Title Company (NASDAQ:ITIC), [Yahoo! Finance]Yahoo! Finance
- Investors Title (NASDAQ: ITIC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Investors Title Co Reports Decline in Q4 and Full-Year 2023 Earnings Amid Real Estate Slowdown [Yahoo! Finance]Yahoo! Finance
ITIC
Analyst Actions
- 2/1/24 - TheStreet
ITIC
Sec Filings
- 4/12/24 - Form ARS
- 4/12/24 - Form DEF
- 3/15/24 - Form 10-K
- ITIC's page on the SEC website