Docoh
Loading...

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

10 May 21
3 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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) 22.96M 22.96M 22.96M 22.96M 22.96M 22.96M
Cash burn (monthly) (positive/no burn) 196.67K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 812.89K n/a n/a n/a n/a
Cash remaining n/a 22.15M n/a n/a n/a n/a
Runway (months of cash) n/a 112.6 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
19 May 21 Jr. Elton C. Parker, Stock Appreciation Right Common Stock Grant Aquire A No No 184.26 750 138.2K 0
19 May 21 James H. Jr. Speed Stock Appreciation Right Common Stock Grant Aquire A No No 184.26 750 138.2K 0
19 May 21 James R Morton Stock Appreciation Right Common Stock Grant Aquire A No No 184.26 750 138.2K 0
19 May 21 Richard M Hutson II Stock Appreciation Right Common Stock Grant Aquire A No No 184.26 750 138.2K 0
19 May 21 Tammy Coley Stock Appreciation Right Common Stock Grant Aquire A No No 184.26 750 138.2K 0

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

40.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 64 72 -11.1%
Opened positions 3 11 -72.7%
Closed positions 11 5 +120.0%
Increased positions 22 27 -18.5%
Reduced positions 23 20 +15.0%
13F shares
Current Prev Q Change
Total value 216.6M 489.55M -55.8%
Total shares 774.34K 788.72K -1.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
MKL Markel 213.3K $35.41M 0.0%
BLK Blackrock 116.88K $19.4M +5.6%
Dimensional Fund Advisors 92.66K $15.38M -1.8%
Vanguard 73.93K $12.27M -6.9%
WFC Wells Fargo & Co. 24.2K $4.02M +17.0%
Renaissance Technologies 23.4K $3.88M -0.8%
STT State Street 22.22K $3.69M -7.3%
Geode Capital Management 21.3K $3.54M +0.7%
NTRS Northern Trust 16.24K $2.7M -17.3%
FMR 12.15K $2.02M +80886.7%
Largest transactions
Shares Bought/sold Change
FMR 12.15K +12.13K +80886.7%
BLK Blackrock 116.88K +6.17K +5.6%
MNGPF Man 0 -6.1K EXIT
Vanguard 73.93K -5.47K -6.9%
TMP Tompkins Financial 0 -4.04K EXIT
Envestnet Asset Management 4.02K +4.02K NEW
WFC Wells Fargo & Co. 24.2K +3.52K +17.0%
NTRS Northern Trust 16.24K -3.4K -17.3%
Assenagon Asset Management 0 -3.23K EXIT
Hunter Perkins Capital Management 0 -3K EXIT

Financial report summary

?
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
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: aggressive, Biden, commensurate, death, decade, defalcation, disability, exempt, fell, forbearance, fraud, half, highest, ill, incentive, low, modify, occurrence, paper, payout, physical, quarantined, reach, resume, resurgence, rulemaking, smaller, strategic, undiscounted, unexpectedly, unregistered, variant, widely, widespread
Removed: ACL, allocated, arise, aware, broadened, compare, confirmed, continuity, criteria, decided, declared, deductible, deterioration, developing, disease, evaluate, exceed, facilitate, impacting, impair, implemented, July, meant, measuring, meeting, moving, muted, negative, organization, perform, receivable, recently, recovering, requirement, restricting, reversal, showing, step, targeted, telecommuting, test, traditional, uncollectability, unit, unpredictable, updated, voted, World