Investors Title Looks Attractive Again Despite Not Being The Bargain It Once Was [Seeking Alpha]
Investors Title Company (ITIC)
US:NASDAQ Investor Relations:
invtitle.com/investor-relations-overview
Company Research
Source: Seeking Alpha
SummaryInvestors Title's long history of growing faster than the title insurance industry seems likely to continue.With tangible equity currently equal to roughly 6x its reserves for claims, the company seems overcapitalized by roughly $100 million.The current economic shock will cut profits in half this year and next, but the company should stay solidly profitable and be poised later to return to normal profitability.Adjusted for its excess capital, the company trades for about 5x earnings and although not as cheap as it was a decade ago, has a good chance of outperforming broader indexes over the next decade.Investors seeking thrills do not have to go to Cedar Point or Six Flags once they reopen – there are plenty to be found in riding the rollercoaster stock market.An all-time intraday high on the S&P 500 of 3,393 was reached on February 19th before tumbling to 2,237 on March 23rd, a decline of about 35% in just a month. The miraculous recovery has been nearly as violent, with a bo
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ITIC
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
- 3/15/24 - Form 10-K
- 2/13/24 - Form 8-K
- 1/29/24 - Form SC
- ITIC's page on the SEC website