Investors Title Company Stock (NASDAQ:ITIC)


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$230.74

52W Range

$141.41 - $243.74

50D Avg

$228.51

200D Avg

$186.36

Market Cap

$431.01M

Avg Vol (3M)

$15.08K

Beta

0.77

Div Yield

$1.84 (2.55%)

ITIC Company Profile


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.

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Industry

Insurance - Specialty

Sector

Financial Services

Exchange

NASDAQ

ADR

-

Country

US

Employees

545

IPO Date

Dec 03, 1986

Website

ITIC Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Non-Title Services$19.24M$14.52M$9.67M
Investment Related Revenue$16.25M$-2.63M$27.50M
Net Premiums Written$171.16M$248.63M$273.88M
Other Resources, Miscellaneous$991.00K$1.14M$4.77M
Escrow, Title-Related And Other Fees$17.11M$21.72M$13.68M

Fiscal year ends in Dec 23 | Currency in USD

ITIC Financial Summary


Dec 23Dec 22Dec 21
Revenue$224.75M$283.39M$329.50M
Operating Income$30.99M$30.11M$80.16M
Net Income$21.69M$23.90M$67.02M
EBITDA$4.12M$33.69M$82.60M
Basic EPS$11.46$12.60$35.39
Diluted EPS$11.46$12.59$35.27

Fiscal year ends in Dec 23 | Currency in USD

Peer Comparison


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ICCHICC Holdings, Inc.
EIGEmployers Holdings, Inc.