|Bid||146.03 x 800|
|Ask||173.50 x 1000|
|Day's Range||145.96 - 148.39|
|52 Week Range||96.45 - 194.26|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||8.23|
|Forward Dividend & Yield||1.76 (1.16%)|
|Ex-Dividend Date||Nov 30, 2020|
|1y Target Est||N/A|
Investors Title Company (Nasdaq: ITIC) announced today that the Company's Board of Directors declared a special cash dividend of $15.00 per share to shareholders of record on December 1, 2020, payable December 15, 2020. The special dividend will be funded through existing cash balances.
Investors Title Company today announced results for the third quarter ended September 30, 2020. The Company reported net income of $15.3 million, or $8.07 per diluted share, for the three months ended September 30, 2020, compared to $8.0 million, or $4.20 per diluted share, for the prior year period. All-time quarterly records were set for total revenues, net premiums written, and net income.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a" of both subsidiaries of Investors Title Company (ITIC) [NASDAQ: ITIC]: Investors Title Insurance Company and National Investors Title Insurance Company (Austin, TX). These subsidiaries collectively are referred to as Investors Title Company Group (ITC Group). Concurrently, AM Best has affirmed the Long-Term ICR of "bbb" of ITIC. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Chapel Hill, NC, unless otherwise specified.