Investors Title Company

NasdaqGS:ITIC Stok Raporu

Piyasa değeri: US$530.3m

Investors Title Yönetim

Yönetim kriter kontrolleri 4/4

Investors Title CEO'su James Fine, May1973 tarihinde atandı, in görev süresi 53.25 yıldır. in toplam yıllık tazminatı $ 952.84K olup, şirket hissesi ve opsiyonları dahil olmak üzere 62.3% maaş ve 37.7% ikramiyelerden oluşmaktadır. şirketin hisselerinin 6.83% ine doğrudan sahiptir ve bu hisseler $ 36.20M değerindedir. Yönetim ekibinin ve yönetim kurulunun ortalama görev süresi sırasıyla 18.4 yıl ve 16.3 yıldır.

Anahtar bilgiler

James Fine

İcra Kurulu Başkanı

US$952.8k

Toplam tazminat

CEO maaş yüzdesi62.28%
CEO görev süresi53.3yrs
CEO sahipliği6.8%
Yönetim ortalama görev süresi18.4yrs
Yönetim Kurulu ortalama görev süresi16.3yrs

Son yönetim güncellemeleri

Recent updates

Seeking Alpha • Apr 15

Investors Title Company: Strong Fundamentals, Litigation Overhangs, Hold For Now (Rating Downgrade)

Summary Investors Title Company remains a niche, conservatively managed title insurer with strong capital discipline and improving margins. Recent financials show revenue up 5.6% and net income at $35.2M, but special dividends were meaningfully reduced for 2025. Valuation analysis yields modest upside (target price range: $217.64–$335.19), with no clear margin of safety at current levels. With unresolved litigation and cyclical earnings, I revise my rating to Hold, pending a housing market normalization catalyst. Read the full article on Seeking Alpha
Analiz Makalesi • Jun 01

Investors Title (NASDAQ:ITIC) Will Pay A Dividend Of $0.46

Investors Title Company's ( NASDAQ:ITIC ) investors are due to receive a payment of $0.46 per share on 30th of June...
Seeking Alpha • Dec 23

Investors Title Company: NC Insurer Still Has Room To Climb

Summary Investors Title Company maintains a Buy rating due to strong organic growth in Texas and Florida, despite higher interest rates impacting real estate transactions. Year-over-year revenues increased by 9.6%, with YTD earnings up over 40%, supported by a significant dividend and an impressive balance sheet. My valuation of $300 remains justified, with the company demonstrating resilience and growth potential even in a high-rate environment. Key risks include the potential diminishing influence of the Fine family and market reactions to interest rate changes; however, the current price offers an attractive discount. Read the full article on Seeking Alpha
Seeking Alpha • Sep 20

Investors Title Company: Lower Interest Rate Will Boost Net Income

Summary Investors Title Company has a low-risk business model with stable revenue from underwriting title insurance contracts, benefiting from increased home sales. ITIC reported strong financials in Q2 and H1, with a net profit of $8.9M and EPS of $4.71, driven by higher premium income. The company has a solid balance sheet with no financial debt and significant cash reserves, supporting its liquidity and potential for special dividends. Lower interest rates are expected to boost home purchases and demand for title insurance, making ITIC a 'hold' but a 'buy on weakness' for future gains. Read the full article on Seeking Alpha
Analiz Makalesi • Aug 16

Investors Title (NASDAQ:ITIC) Is Paying Out A Dividend Of $0.46

Investors Title Company ( NASDAQ:ITIC ) will pay a dividend of $0.46 on the 16th of September. This makes the dividend...
Analiz Makalesi • May 21

Investors Title (NASDAQ:ITIC) Will Pay A Dividend Of $0.46

Investors Title Company ( NASDAQ:ITIC ) has announced that it will pay a dividend of $0.46 per share on the 28th of...
Seeking Alpha • May 17

Investors Title Company: A Solid, Growing NC Title Insurer

Summary Investors Title Company has consistently reported positive earnings since 2009 and enjoys a very healthy balance sheet. Despite a decline in revenues compared to the surge in real estate activity during COVID, ITIC has shown long-term growth and has opportunities for expansion in Texas and Florida. ITIC's strong relationships with local attorneys in the South and its ability to launch adjacent operations have given the company a strong moat and additional income sources. Read the full article on Seeking Alpha
Analiz Makalesi • Mar 08

Investors Title (NASDAQ:ITIC) Has Affirmed Its Dividend Of $0.46

Investors Title Company's ( NASDAQ:ITIC ) investors are due to receive a payment of $0.46 per share on 29th of March...
Analiz Makalesi • Aug 18

Investors Title (NASDAQ:ITIC) Has Affirmed Its Dividend Of $0.46

The board of Investors Title Company ( NASDAQ:ITIC ) has announced that it will pay a dividend of $0.46 per share on...
Analiz Makalesi • May 21

Investors Title (NASDAQ:ITIC) Will Pay A Dividend Of $0.46

Investors Title Company's ( NASDAQ:ITIC ) investors are due to receive a payment of $0.46 per share on 30th of June...
Analiz Makalesi • Mar 10

Investors Title (NASDAQ:ITIC) Has Affirmed Its Dividend Of $0.46

Investors Title Company ( NASDAQ:ITIC ) will pay a dividend of $0.46 on the 31st of March. Based on this payment, the...
Seeking Alpha • Oct 07

Investors Title Company Looks Set To Successfully Battle Industry Headwinds

Summary Investors Title has been well run by the founding Fine family for a number of years, who have maintained a conservative balance sheet and grown premiums at 9% per year. Title premiums are set to be challenged by a battered real estate market, but Investors Title's market share growth in Texas should partially offset those headwinds. At close to 1.1x book value versus a historical valuation of 1.5x, the company may be one that patient investors want to accumulate as its long-term potential remains solid. Investors Title Company (ITIC) is a Chapel Hill, North Carolina based company that has primarily issued title insurance policies since the middle of the 1970s. The company is relatively small when compared to peers with national scale. Over the last year it has recorded $278 million in premiums, compared with industry leader Fidelity National (FNF), whose premiums totaled about $8.5 billion. Investors Title was started by J. Allen Fine in anticipation of an increased need for title insurance from increased sales of mortgages on secondary markets. The Fine family continues to manage the company, and has done so quite well over time, regularly earning double digit returns on equity and growing premiums at a rate of about 9% per year. The family's ownership stands at 24% today and Mr. Fine's two sons currently occupy the roles of Chief Operating Officer and Chief Financial Officer. I last wrote about Investors Title soon after the pandemic began in April 2020. Expecting potential upheaval in the real estate market, I suggested that premiums could decline by 12% in 2020 and only modestly improve in 2021. Despite that, shares looked cheap at a price to book ratio of ~1.1x and significant excess capital. Performance since that time has been strong and it would be an understatement to say that market conditions exceeded my expectations. Throughout the past two years, the company has paid a significant amount of its excess cash flow back to investors in the form of special dividends. However, book value per share has also grown since the end of 2019 by 21% and shares are once again trading at a not too dissimilar price to book value as they did in April 2020 of 1.14x. Given potential expansion opportunities and the current valuation, investors may want to consider accumulating shares despite today’s negative market conditions. Investors Title Company’s Appeal Within the Title Industry Three primary reasons exist for the appeal of Investors Title shares when the valuation becomes attractive. The management of the Fine family has always been exceptional, the ownership of the Fine family minimizes agency costs, and the size and scope of the company’s operations mean that they are playing a very different game than the industry giants. None of those factors seem likely to change anytime soon. The company primarily operates in only four states, which represent about 80% of total premiums: North Carolina, South Carolina, Georgia, and Texas. As opposed to the national, publicly traded peers that compete with Investors Title, the company can pick and choose where it wants to grow based upon the economics of potential expansion. Currently, Texas appears to be an opportunistic priority. About $5 million has been spent so far to buy agencies in Texas and payroll and other back-end costs have also increased by an above average amount to expand within Texas. Results so far appear to be bearing fruit as Texas premiums so far this year have increased by 83% compared to a 15% decline in non-Texas premiums. The company discloses little about its plans for future expansion, but the last major housing downturn was also the last time that a significant market expansion occurred, with the initial entry into the Texas market in 2010. It would not be unreasonable to think that the company will continue to be opportunistic and counter-cyclical in its approach. An enormously strong balance sheet allows for the pursuit of these opportunities. The company has consistently been overcapitalized throughout its history. The investment portfolio at the end of June totaled $243 million, with 44% of the figure invested in cash or short-term investments. Investors Title selected financial information, 2018 to present. (Author based on financial filings) How much of those investment funds are excess? The company has retained tangible equity nearly six times the amount of estimated claims reserves on the balance sheet. Many other publicly traded title insurers also own non-title related businesses, but it does not seem aggressive to assume that tangible equity could comfortably be at only twice what the level of claims reserves are, which would imply as much as $140 million of the investment portfolio is excess. If the company wanted to become even more aggressive, the balance sheet could even be further levered up. This amount of excess capital has been put to excellent use over time and the current expansion in Texas may only be the beginning of expansion in the current cycle. Industry Conditions If the real estate market was what could be called an “average” market at the moment, Investors Title shares would be a steal. But, mortgage rates moving from below 3% to above 7% in a single year has taken its toll on both the residential and commercial real estate markets. It currently appears as if full-year mortgage originations are likely to come in at about $2.4 trillion this year compared to $4.0 trillion in 2021. Freddie Mac is estimating that 2023 originations could decline again to $2.2 trillion. Mortgage originations and mortgage rates, 2001 to 2023 (FRED, MBA, and Freddie Mac) While we cannot predict precisely just how strained mortgage originations will become, volume at levels similar to before the pandemic would not be a tragedy. Keep in mind that the dollar amounts of mortgage originations being projected consider a much sharper drop in unit originations at higher prices than prevailed prior to the pandemic – should prices steeply decline as they did after the financial crisis, then origination volumes could look starkly different in coming years. On the positive side, it also appears that forward projections also assume that repurchase volume will stay historically low. Given that there is a realistic scenario where mortgage rates do moderate to something in the 5% to 6% in the next couple of years, an argument could be made that some pent up refinancing demand could take place. Investors Title is in the enviable position of taking market share on a pretty consistent basis. Premiums have averaged growth of about 9% per year going back to the turn of the century. Investors Title net premiums written versus mortgage origination volume (Investors Title financial filings, MBA, and FRED) Between the mortgage originations peak in 2003 and 2010, premiums written did decline by a significant 27% compared to a decline in mortgage originations of 51%. Starting in 2010, the company’s entry into Texas provided growth that dwarfed external market influences. A large reason why premiums this year have fallen less than the mortgage market has fallen industry-wide has been because so much of the fall has been refinancing, which typically come in with lower premiums than purchases. It still remains safe to presume that given the expansion happening in Texas that premium volume will fall at a much lower rate than the market. My current projections calls for about a 4% full-year decline this year (YTD they have increased by 3%) and another 9% decline in 2023. Valuation How do we value Investors Title? The easiest and simplest way is to use a price to book ratio. For a fairly long stretch after the financial crisis, the company traded at a discount to book value, but since the middle part of the last decade has consistently traded at a premium. Over the last five years, the average ratio has tended towards about 1.5x.

CEO Tazminat Analizi

James Fine'un ücretlendirmesi Investors Title'un kazancına kıyasla nasıl değişti?
TarihToplam TazminatMaaşŞirket Kazançları
Jun 30 2026n/an/a

US$40m

Mar 31 2026n/an/a

US$38m

Dec 31 2025US$953kUS$593k

US$35m

Sep 30 2025n/an/a

US$36m

Jun 30 2025n/an/a

US$33m

Mar 31 2025n/an/a

US$30m

Dec 31 2024US$929kUS$576k

US$31m

Sep 30 2024n/an/a

US$29m

Jun 30 2024n/an/a

US$26m

Mar 31 2024n/an/a

US$25m

Dec 31 2023US$731kUS$559k

US$22m

Sep 30 2023n/an/a

US$23m

Jun 30 2023n/an/a

US$24m

Mar 31 2023n/an/a

US$19m

Dec 31 2022US$2mUS$534k

US$24m

Sep 30 2022n/an/a

US$35m

Jun 30 2022n/an/a

US$42m

Mar 31 2022n/an/a

US$59m

Dec 31 2021US$2mUS$489k

US$67m

Sep 30 2021n/an/a

US$65m

Jun 30 2021n/an/a

US$66m

Mar 31 2021n/an/a

US$60m

Dec 31 2020US$1mUS$453k

US$39m

Sep 30 2020n/an/a

US$34m

Jun 30 2020n/an/a

US$27m

Mar 31 2020n/an/a

US$18m

Dec 31 2019US$1mUS$438k

US$31m

Tazminat ve Piyasa: James 'nin toplam tazminatı ($USD 952.84K ), US pazarındaki benzer büyüklükteki şirketler için ortalamanın altındadır ($USD 2.40M ).

Tazminat ve Kazançlar: James 'in tazminatı, şirketin son bir yıldaki performansıyla tutarlıydı.

CEO

James Fine (91 yo)

53.3yrs
Görev süresi
US$952,842
Tazminat

Mr. James Allen Fine is Founder at Investors Title Insurance Company & National Investors Title Insurance Company. He is Founder of Investors Title Company from 2023. He joined the Investors Title Company...

Liderlik Ekibi

İsimPozisyonGörev süresiTazminatSahiplik
James Fine
Founder53.3yrsUS$952.84k6.83%
$ 36.2m
James Fine
President29.6yrsUS$911.71k4.42%
$ 23.5m
William Fine
Executive VP29.6yrsUS$912.86k4.44%
$ 23.5m
Andrew Wert
Senior Vice President of Operationsno dataVeri yokVeri yok
L. Martin
Vice President of Corporate Administration & Investor Relations Officer and Assistant Secretary35.6yrsVeri yokVeri yok
John Herath
Senior Vice President of Human Resources4.4yrsVeri yokVeri yok
Brandee Garren
Vice President of Underwriting & Operations Supportno dataVeri yokVeri yok
Elizabeth Lewter
Senior Vice President of Accountingno dataVeri yokVeri yok
C. Murphy
Senior Vice President of Financeno dataVeri yokVeri yok
Kimberly Wells
Senior Vice President of Southeast Region Marketing & Operations Manager5.6yrsVeri yokVeri yok
Elizabeth Wainio
Senior VP of Risk Management & Claims Counsel2.6yrsVeri yokVeri yok
Daniel Minto
Senior Vice President of Engineering & Information Technology7.3yrsVeri yokVeri yok
18.4yrs
Ortalama Görev Süresi
61yo
Ortalama Yaş

Deneyimli Yönetim: ITIC 'un yönetim ekibi deneyimli ve deneyimlidir ( 18.4 yıldır).

Yönetim Kurulu Üyeleri

İsimPozisyonGörev süresiTazminatSahiplik
James Fine
Founder53.3yrsUS$952.84k6.83%
$ 36.2m
James Fine
President29.3yrsUS$911.71k4.42%
$ 23.5m
William Fine
Executive VP27.3yrsUS$912.86k4.44%
$ 23.5m
James Speed
Independent Director16.3yrsUS$101.24k0.16%
$ 839.0k
Richard Hutson
Lead Independent Director18.3yrsUS$103.24k0.25%
$ 1.3m
Tammy Coley
Independent Director6.5yrsUS$95.74k0.079%
$ 417.9k
Elton Parker
Independent Director6.5yrsUS$106.24k0.20%
$ 1.1m
James Scott
Independent Director3.4yrsUS$95.74k0.032%
$ 168.5k
Joseph Dempster
Independent Director1.3yrsUS$86.24k0.0013%
$ 7.0k
16.3yrs
Ortalama Görev Süresi
64yo
Ortalama Yaş

Deneyimli Yönetim Kurulu: ITIC 'in yönetim kurulu deneyimli ve tecrübelidir (ortalama görev süresi 16.3 yıldır).

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2026/08/13 12:11
Gün Sonu Hisse Fiyatı2026/08/13 00:00
Kazançlar2026/06/30
Yıllık Kazançlar2025/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına Github sayfamızdan ulaşabilirsiniz; ayrıca raporlarımızı nasıl kullanacağınıza dair kılavuzlarımız ve YouTube’da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Investors Title Company 1 Bu analistlerden 0, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

AnalistKurum
Nathaniel OtisKeefe, Bruyette, & Woods