Financial Services - Insurance - Specialty - NASDAQ - US
$ 271.6
-1.16 %
$ 512 M
Market Cap
18.18
P/E
Investors Title Company, through its subsidiaries, engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. It also provides services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.[ Read More ]
The intrinsic value of one ITIC stock under the base case scenario is HIDDEN Compared to the current market price of 272 USD, Investors Title Company is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart ITIC
FINANCIALS
225 M
REVENUE
26.2 M
OPERATING INCOME
21.7 M
NET INCOME
7.43 M
OPERATING CASH FLOW
-6.7 M
INVESTING CASH FLOW
-12 M
FINANCING CASH FLOW
68.8 M
REVENUE
11.6 M
OPERATING INCOME
9.32 M
NET INCOME
7.82 M
OPERATING CASH FLOW
-8.18 M
INVESTING CASH FLOW
-866 K
FINANCING CASH FLOW
Balance Sheet Decomposition
Investors Title Company
| Current Assets | 212 M |
| Cash & Short-Term Investments | 198 M |
| Receivables | 0 |
| Other Current Assets | 13.5 M |
| Non-Current Assets | 155 M |
| Long-Term Investments | 17.4 M |
| PP&E | 30.2 M |
| Other Non-Current Assets | 107 M |
| Current Liabilities | 31.9 M |
| Accounts Payable | 31.9 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 77.9 M |
| Long-Term Debt | 6.45 M |
| Other Non-Current Liabilities | 71.5 M |
EFFICIENCY
Earnings Waterfall
Investors Title Company
| Revenue | 225 M |
| Cost Of Revenue | 0 |
| Gross Profit | 225 M |
| Operating Expenses | 225 M |
| Operating Income | 26.2 M |
| Other Expenses | 4.54 M |
| Net Income | 21.7 M |
RATIOS
100.00%
GROSS MARGIN
11.67%
OPERATING MARGIN
9.65%
NET MARGIN
8.62%
ROE
6.56%
ROA
8.62%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Investors Title Company
| Net Income | 21.7 M |
| Depreciation & Amortization | 4.12 M |
| Capital Expenditures | -9.19 M |
| Stock-Based Compensation | 425 K |
| Change in Working Capital | -8.78 M |
| Others | -9.87 M |
| Free Cash Flow | -1.76 M |
Wall Street Analysts Price Targets
Investors Title Company
ITIC has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.20%
DIVIDEND YIELD
0.46 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Investors Title Company
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 years ago
Mar 27, 2019
|
Sell 93.3 K USD
|
FINE JAMES A JR
President, CFO |
- 598
|
156.01 USD |
|
5 years ago
Mar 28, 2019
|
Sell 60.7 K USD
|
FINE JAMES A JR
President, CFO |
- 389
|
156 USD |
|
8 years ago
Jun 06, 2016
|
Bought 6.53 K USD
|
FINE JAMES A JR
President, CFO |
+ 71
|
91.99 USD |
|
8 years ago
Jun 03, 2016
|
Bought 9.38 K USD
|
FINE JAMES A JR
President, CFO |
+ 102
|
92 USD |
|
8 years ago
Jun 01, 2016
|
Bought 920 USD
|
FINE JAMES A JR
President, CFO |
+ 10
|
92 USD |
|
11 years ago
Nov 01, 2013
|
Bought 704 USD
|
Murphy Timothy B
Chief Executive Officer |
+ 100
|
7.04 USD |
|
13 years ago
Mar 03, 2011
|
Bought 13 K USD
|
FINE JAMES A JR
President, Treasurer |
+ 417
|
31.25 USD |
|
14 years ago
Aug 04, 2010
|
Bought 5.9 K USD
|
Johnson R Horace
Director |
+ 200
|
29.5 USD |
|
15 years ago
Mar 06, 2009
|
Bought 5 K USD
|
Johnson R Horace
Director |
+ 200
|
25 USD |
|
16 years ago
Oct 15, 2008
|
Bought 3.3 K USD
|
Johnson R Horace
Director |
+ 100
|
33 USD |
|
16 years ago
Aug 12, 2008
|
Sell 3.09 M USD
|
PARKER A SCOTT III
Director |
- 65000
|
47.5 USD |
|
16 years ago
Jun 19, 2008
|
Sell 48.6 K USD
|
FRANCIS DAVID L
Director |
- 1000
|
48.56 USD |
|
16 years ago
Jun 04, 2008
|
Sell 9.76 K USD
|
PARKER A SCOTT III
Director |
- 200
|
48.79 USD |
|
16 years ago
Jan 02, 2008
|
Bought 11.3 K USD
|
PARKER A SCOTT III
Director |
+ 300
|
37.6 USD |
|
17 years ago
Jan 31, 2007
|
Bought 7.52 K USD
|
PARKER A SCOTT III
Director |
+ 200
|
37.6 USD |
|
16 years ago
Dec 17, 2007
|
Bought 3.76 K USD
|
PARKER A SCOTT III
Director |
+ 105
|
35.8 USD |
|
17 years ago
May 16, 2007
|
Bought 14.8 K USD
|
Johnson R Horace
Director |
+ 300
|
49.25 USD |
|
17 years ago
May 10, 2007
|
Sell 24.4 K USD
|
FRANCIS DAVID L
Director |
- 500
|
48.75 USD |
|
17 years ago
May 11, 2007
|
Sell 14.6 K USD
|
KING H JOE JR
Director |
- 300
|
48.778 USD |
|
17 years ago
May 11, 2007
|
Sell 9.61 K USD
|
KING H JOE JR
Director |
- 200
|
48.05 USD |
|
17 years ago
Mar 15, 2007
|
Sell 512 K USD
|
MORTON JAMES R
Director |
- 10000
|
51.2 USD |
|
17 years ago
Dec 27, 2006
|
Sell 107 K USD
|
HARRELL LOREN BOAZ JR
Director |
- 2000
|
53.39 USD |
|
18 years ago
Aug 17, 2006
|
Bought 1.52 K USD
|
FINE JAMES A JR
President, Treasurer |
+ 35
|
43.5 USD |
|
19 years ago
Jan 11, 2005
|
Sell 472 K USD
|
FINE W MORRIS
Executive Vice President |
- 11938
|
39.5 USD |
|
19 years ago
Jan 11, 2005
|
Sell 472 K USD
|
FINE JAMES A JR
President, Treasurer |
- 11938
|
39.5 USD |
|
19 years ago
Jan 11, 2005
|
Sell 396 K USD
|
FINE J ALLEN
Chief Executive Officer |
- 10033
|
39.5 USD |
7. News
Investors Title Company Board Declares Special Cash Dividend and Regular Quarterly Cash Dividend
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.
businesswire.com
- 5 days ago
Investors Title Q3 Earnings Rise Y/Y on Premium Growth, Cost Control
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.
zacks.com
- 1 week ago
Investors Title Company Announces Third Quarter 2024 Results
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) today announced results for the third quarter ended September 30, 2024. The Company reported net income of $9.3 million, or $4.92 per diluted share, compared with $7.1 million, or $3.75 per diluted share, for the prior year period. Revenues increased 12.1% to $68.8 million, compared to $61.4 million in the prior year period, primarily due to an increase in net premiums written and a positive change in net investment gain.
businesswire.com
- 1 week ago
Investors Title Company: Lower Interest Rate Will Boost Net Income
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.
seekingalpha.com
- 1 month ago
2 Small Caps of "Interest"
Here we highlight 2 Outperform rated Small Caps that should benefit from a lower interest rate environment.
zacks.com
- 2 months ago
Investors Title (ITIC) Q2 Earnings Rise Y/Y, Revenues Up
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.
zacks.com
- 3 months ago
Investors Title Company Announces Second Quarter 2024 Results
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) today announced results for the second quarter ended June 30, 2024. The Company reported net income of $8.9 million, or $4.70 per diluted share, compared with $7.6 million, or $4.00 per diluted share, for the prior year period. Revenues increased 12.1% to $65.4 million, compared to $58.3 million in the prior year period, primarily due to an increase in premiums written stemming from higher activity levels in certain mark.
businesswire.com
- 3 months ago
Investors Title Company: A Solid, Growing NC Title Insurer
Investors Title Company has consistently reported positive earnings since 2009 and enjoys a very healthy balance sheet. Despite a decline in revenues compared to the surge in real estate activity during COVID, ITIC has shown long-term growth and has opportunities for expansion in Texas and Florida. ITIC's strong relationships with local attorneys in the South and its ability to launch adjacent operations have given the company a strong moat and additional income sources.
seekingalpha.com
- 6 months ago
Investors Title Company Declares Quarterly Dividend
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record June 14, 2024, payable June 28, 2024. Investors Title Company is a publicly-held North Carolina company whose stock is traded on The Nasdaq Global Select Market. Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides serv.
businesswire.com
- 6 months ago
Investors Title Company Announces First Quarter 2024 Results
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) today announced results for the quarter ended March 31, 2024. The Company reported net income of $4.5 million, or $2.40 per diluted share, compared with net income of $1.2 million, or $0.62 per diluted share, for the prior year period. Revenues increased 4.1% to $53.5 million, compared to $51.3 million in the prior year period, primarily due to increases in premiums written and higher net investment gains. The increase i.
businesswire.com
- 6 months ago
Investors Title Company Declares Quarterly Dividend
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors has declared a cash dividend of $.46 per share to shareholders of record March 18, 2024, payable March 29, 2024. Investors Title Company is a publicly held North Carolina company whose stock is traded on The Nasdaq Global Select Market. Investors Title Company is engaged in the business of issuing and underwriting title insurance policies. The Company also provides se.
businesswire.com
- 8 months ago
Investors Title Company Announces Fourth Quarter and Fiscal Year 2023 Financial Results
CHAPEL HILL, N.C.--(BUSINESS WIRE)--Investors Title Company (Nasdaq: ITIC) today announced results for the fourth quarter and year ended December 31, 2023. For the quarter, net income decreased 22.5% to $5.8 million, or $3.09 per diluted share, versus $7.5 million, or $3.97 per diluted share, in the prior year period. For the year, net income decreased 9.3% to $21.7 million, or $11.45 per diluted share, versus $23.9 million, or $12.59 per diluted share, in the prior year. Revenues for the quart.
businesswire.com
- 9 months ago
8. Profile Summary
Investors Title Company ITIC
COUNTRY
US
INDUSTRY
Insurance - Specialty
MARKET CAP
$ 512 M
Dividend Yield
0.20%
Description
Investors Title Company, through its subsidiaries, engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. It also provides services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property. In addition, it serves as an exchange accommodation titleholder for accomplishing reverse exchanges when the taxpayers decide to acquire replacement property before selling the relinquished property. Further, the company offers investment management and trust services to individuals, companies, banks, and trusts; and consulting and management services to clients to start and operate a title insurance agency. It issues title insurance policies primarily through approved attorneys from underwriting offices, as well as through independent issuing agents in 24 states and the District of Columbia, primarily in the eastern half of the United States. The company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.
Contact
121 North Columbia Street, Chapel Hill, NC, 27514
https://www.invtitle.com
IPO Date
Dec. 3, 1986
Employees
545
Officers
Ms. Elizabeth B. Lewter
Vice President of Accounting
Mr. Andrew Wert
Senior Vice President of Operations
Mr. James Allen Fine Jr.
President, Treasurer, Chief Financial Officer & Director
Ms. Kimberly McRae Wells
Senior Vice President of Southeast Region Marketing & Operations Manager
Mr. James Allen Fine
Founder, Chairman & Chief Executive Officer
Mr. William Morris Fine
Executive Vice President, Secretary & Director
Mr. C. Todd Murphy
Senior Vice President of Finance
Mr. John Herath
Vice President of Human Resources
Ms. Brandee Garren
Vice President of Underwriting & Operations Support
Ms. L. Dawn Martin
Vice President of Corporate Administration & Investor Relations Officer and Assistant Secretary