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Investors Title (ITIC)

Investors Title Co. operates as a holding company, which engages in the issuance of residential and commercial title insurance. It provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (ITEC) and Investors Title Accommodation Corporation (ITAC); investment management and trust services to individuals, trusts and other entities through its subsidiary Investors Trust Company (Investors Trust); and management services to title insurance agencies through its subsidiary, Investors Title Management Services (ITMS). The company was founded by James Allen Fine in 1972 and is headquartered in Chapel Hill, NC.

Company profile

Ticker
ITIC
Exchange
CEO
James Allen Fine
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Investors Title Insurance Company • National Investors Title Insurance Company • Investors Title Exchange Corporation • Investors Title Accommodation Corporation • Investors Title Management Services, Inc. • Investors Title Commercial Agency, LLC • Investors Trust Company • National Investors Holdings, LLC • United Title Agency, LLC • University Title Company ...
IRS number
561110199

ITIC stock data

Calendar

10 May 22
12 Aug 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Jun 22 Jr. Elton C. Parker, Common Stock Grant Acquire A No No 150 500 75K 3,000
20 May 22 Jr. Elton C. Parker, Common Stock Grant Acquire A No No 155 500 77.5K 2,500
18 May 22 Jr. Elton C. Parker, Stock Appreciation Right Common Stock Grant Acquire A No No 166.9 750 125.18K 0
18 May 22 James H. Jr. Speed Stock Appreciation Right Common Stock Grant Acquire A No No 166.9 750 125.18K 0
18 May 22 James R Morton Stock Appreciation Right Common Stock Grant Acquire A No No 166.9 750 125.18K 0
41.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 79 77 +2.6%
Opened positions 6 13 -53.8%
Closed positions 4 4
Increased positions 13 22 -40.9%
Reduced positions 32 19 +68.4%
13F shares Current Prev Q Change
Total value 157.85M 254.43M -38.0%
Total shares 777.16K 778.59K -0.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
MKL Markel 213.3K $43.35M 0.0%
BLK Blackrock 106.25K $21.59M -1.5%
Dimensional Fund Advisors 88.25K $17.93M -0.3%
Vanguard 66.92K $13.6M -0.2%
FMR 33.92K $6.89M -0.1%
Geode Capital Management 24.01K $4.88M +2.9%
STT State Street 24K $4.88M +1.7%
Renaissance Technologies 22.6K $4.59M 0.0%
WFC Wells Fargo & Co. 17.76K $3.61M -3.8%
NTRS Northern Trust 13.06K $2.65M -3.1%
Largest transactions Shares Bought/sold Change
Dixon Hughes Goodman Wealth Advisors 2.94K +2.94K NEW
Insight Folios 2.16K +2.16K NEW
Bridgeway Capital Management 4.59K +2.09K +83.8%
Cornerstone Wealth 1.95K +1.95K NEW
BLK Blackrock 106.25K -1.61K -1.5%
Millennium Management 2.35K -1.54K -39.5%
BCS Barclays 1.25K -1.36K -52.0%
VIRT Virtu Financial 0 -1.27K EXIT
Two Sigma Investments 0 -1.15K EXIT
DAVENPORT & Co 1.3K -1K -43.5%

Financial report summary

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Management Discussion
  • ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Investors Title Company (the “Company”) is a holding company that engages primarily in issuing title insurance through two subsidiaries, Investors Title Insurance Company (“ITIC”) and National Investors Title Insurance Company (“NITIC”). Total revenues from the title segment accounted for 94.3% of the Company’s revenues in 2021. Through ITIC and NITIC, the Company underwrites land title insurance for owners and mortgagees as a primary insurer.
  • Title insurance protects against loss or damage resulting from title defects that affect real property. When real property is conveyed from one party to another, occasionally there is an undisclosed defect in the title or a mistake or omission in a prior deed, will or mortgage that may give a third party a legal claim against such property. If a covered claim is made against real property, title insurance provides indemnification against insured defects.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore V bad
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