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ITIC Investors Title

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
IRS number
561110199

ITIC stock data

(
)

Calendar

15 Mar 21
21 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 13.72M 13.72M 13.72M 13.72M 13.72M 13.72M
Cash burn (monthly) 9.27M 1.02M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 34.32M 3.77M n/a n/a n/a n/a
Cash remaining -20.6M 9.95M n/a n/a n/a n/a
Runway (months of cash) -2.2 9.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Feb 21 James H. Jr. Speed Common Stock Grant Aquire A No No 68.7 434 29.82K 1,835
18 Feb 21 James H. Jr. Speed Stock Appreciation Right Common Stock Option exercise Aquire M No No 68.7 434 29.82K 0
18 Feb 21 Richard M Hutson II Common Stock Grant Aquire A No No 68.7 434 29.82K 3,669
18 Feb 21 Richard M Hutson II Stock Appreciation Right Common Stock Option exercise Aquire M No No 68.7 434 29.82K 0
18 Feb 21 David L Francis Common Stock Grant Aquire A No No 68.7 434 29.82K 6,674
18 Feb 21 David L Francis Stock Appreciation Right Common Stock Option exercise Aquire M No No 68.7 434 29.82K 0
18 Feb 21 James R Morton Common Stock Grant Aquire A No No 68.7 434 29.82K 13,609
18 Feb 21 James R Morton Stock Appreciation Right Common Stock Option exercise Aquire M No No 68.7 434 29.82K 0
20 May 20 Tammy Coley Stock Appreciation Right Common Stock Grant Aquire A No No 122.8 750 92.1K 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

41.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 72 66 +9.1%
Opened positions 11 8 +37.5%
Closed positions 5 10 -50.0%
Increased positions 27 18 +50.0%
Reduced positions 20 24 -16.7%
13F shares
Current Prev Q Change
Total value 489.55M 139.71M +250.4%
Total shares 788.72K 793.34K -0.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
MKL Markel 213.3K $32.64M 0.0%
BLK Blackrock 110.71K $16.94M +3.1%
Dimensional Fund Advisors 94.33K $14.43M -7.2%
Vanguard 79.4K $12.15M -14.8%
STT State Street 23.97K $3.67M -2.1%
Renaissance Technologies 23.6K $3.61M -3.7%
Geode Capital Management 21.14K $3.23M +1.4%
WFC Wells Fargo & Co. 20.68K $3.16M -0.1%
NTRS Northern Trust 19.65K $3.01M -4.6%
Eaton Vance Management 11.62K $1.78M 0.0%
Largest transactions
Shares Bought/sold Change
Vanguard 79.4K -13.74K -14.8%
Dimensional Fund Advisors 94.33K -7.29K -7.2%
Russell Investments 200 -4.63K -95.9%
TMP Tompkins Financial 4.04K +4.04K NEW
Martingale Asset Management L P 0 -3.8K EXIT
BLK Blackrock 110.71K +3.34K +3.1%
SF Stifel Financial 0 -3.3K EXIT
Assenagon Asset Management 3.23K +3.23K NEW
Hunter Perkins Capital Management 3K +3K NEW
JPM JPMorgan Chase & Co. 3.86K +2.92K +308.6%

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 95.8% of the Company’s revenues in 2020. 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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H.S. freshman Bad
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