Investors Title
Market Cap
US$284.8m
Last Updated
2021/01/23 23:20 UTC
Data Sources
Company Financials
Executive Summary
Investors Title Company, through its subsidiaries, provides title insurance for residential, institutional, commercial, and industrial properties. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
Similar Companies
Share Price & News
How has Investors Title's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ITIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ITIC's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.4%
ITIC
-1.0%
US Insurance
2.3%
US Market
1 Year Return
-8.3%
ITIC
-4.5%
US Insurance
23.7%
US Market
Return vs Industry: ITIC underperformed the US Insurance industry which returned -4.5% over the past year.
Return vs Market: ITIC underperformed the US Market which returned 23.7% over the past year.
Shareholder returns
| ITIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | -1.0% | 2.3% |
| 30 Day | -2.7% | 1.8% | 4.7% |
| 90 Day | 4.3% | 11.8% | 14.5% |
| 1 Year | 0.9%-8.3% | -1.8%-4.5% | 26.5%23.7% |
| 3 Year | -4.3%-23.1% | 8.9%0.6% | 45.0%35.4% |
| 5 Year | 122.5%74.0% | 66.6%45.6% | 126.2%100.9% |
Long-Term Price Volatility Vs. Market
How volatile is Investors Title's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Did You Participate In Any Of Investors Title's (NASDAQ:ITIC) Fantastic 126% Return ?1 month ago | Simply Wall St
Investors Title Company's (NASDAQ:ITIC) Stock Is Going Strong: Is the Market Following Fundamentals?1 month ago | Simply Wall St
Investors Title (NASDAQ:ITIC) Could Be A Buy For Its Upcoming DividendValuation
Is Investors Title undervalued compared to its fair value and its price relative to the market?
44.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ITIC ($150.49) is trading below our estimate of fair value ($271.23)
Significantly Below Fair Value: ITIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ITIC is good value based on its PE Ratio (8.3x) compared to the US Insurance industry average (14.1x).
PE vs Market: ITIC is good value based on its PE Ratio (8.3x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ITIC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ITIC is overvalued based on its PB Ratio (1.3x) compared to the US Insurance industry average (1x).
Next Steps
Future Growth
How is Investors Title forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.5%
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Investors Title has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Investors Title is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Insurance industry.
Past Performance
How has Investors Title performed over the past 5 years?
13.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ITIC has high quality earnings.
Growing Profit Margin: ITIC's current net profit margins (16.1%) are higher than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: ITIC's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: ITIC's earnings growth over the past year (68%) exceeds its 5-year average (13.5% per year).
Earnings vs Industry: ITIC earnings growth over the past year (68%) exceeded the Insurance industry 5.9%.
Return on Equity
High ROE: ITIC's Return on Equity (16%) is considered low.
Next Steps
Financial Health
How is Investors Title's financial position?
Financial Position Analysis
Short Term Liabilities: ITIC's short term assets ($91.7M) exceed its short term liabilities ($67.0M).
Long Term Liabilities: ITIC's short term assets ($91.7M) exceed its long term liabilities ($9.8M).
Debt to Equity History and Analysis
Debt Level: ITIC is debt free.
Reducing Debt: ITIC has not had any debt for past 5 years.
Debt Coverage: ITIC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: ITIC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Investors Title current dividend yield, its reliability and sustainability?
11.14%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ITIC's dividend (11.14%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: ITIC's dividend (11.14%) is in the top 25% of dividend payers in the US market (3.85%)
Stability and Growth of Payments
Stable Dividend: ITIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ITIC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (9.5%), ITIC's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
24.0yrs
Average management tenure
CEO
James Fine (85 yo)
47.67yrs
Tenure
US$1,252,779
Compensation
Mr. James Allen Fine Founded Investors Title Co. in 1973 and since has been its Chairman and Chief Executive Officer since 1973. Mr. Fine serves as the Chief Executive Officer of Northeast Investors Title ...
CEO Compensation Analysis
Compensation vs Market: James's total compensation ($USD1.25M) is about average for companies of similar size in the US market ($USD994.97K).
Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 47.67yrs | US$1.25m | 10.38% $ 29.6m | |
| President | 23.67yrs | US$1.18m | 4.41% $ 12.6m | |
| Executive VP | 21.67yrs | US$1.19m | 4.43% $ 12.6m | |
| Vice President of Corporate Administration & Investor Relations Officer | 30yrs | no data | no data | |
| Vice President & Controller | no data | no data | no data | |
| Vice President of Human Resources | no data | no data | no data | |
| Human Resources Director | no data | no data | no data | |
| Senior Vice President of Finance | no data | no data | no data | |
| Senior Vice President of Engineering & Information Technology | 1.67yrs | no data | no data | |
| Executive Vice President of Market Development | 0.50yr | no data | no data | |
| VP of Senior Claims Counsel & Executive VP of Investors Title Exchange Corp | 4.42yrs | no data | no data |
24.0yrs
Average Tenure
55yo
Average Age
Experienced Management: ITIC's management team is seasoned and experienced (24 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 47.67yrs | US$1.25m | 10.38% $ 29.6m | |
| President | 23.67yrs | US$1.18m | 4.41% $ 12.6m | |
| Executive VP | 21.67yrs | US$1.19m | 4.43% $ 12.6m | |
| Independent Director | 35.67yrs | US$72.11k | 0.70% $ 2.0m | |
| Independent Director | 38.67yrs | US$76.61k | 0.33% $ 939.1k | |
| Independent Director | 10.67yrs | US$72.86k | 0.074% $ 210.8k | |
| Lead Independent Director | no data | US$72.86k | 0.17% $ 486.8k | |
| Independent Director | 0.92yr | no data | 0% $ 0 | |
| Independent Director | 0.92yr | no data | 0.11% $ 301.0k |
22.7yrs
Average Tenure
68yo
Average Age
Experienced Board: ITIC's board of directors are seasoned and experienced ( 22.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Investors Title Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Investors Title Company
- Ticker: ITIC
- Exchange: NasdaqGS
- Founded: 1972
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$284.789m
- Shares outstanding: 1.89m
- Website: https://www.invtitle.com
Number of Employees
Location
- Investors Title Company
- 121 North Columbia Street
- Chapel Hill
- North Carolina
- 27514
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ITIC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 1986 |
Biography
Investors Title Company, through its subsidiaries, provides title insurance for residential, institutional, commercial, and industrial properties. The company underwrites land title insurance for owners an...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 23:20 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.