Investors Title Company: Lower Interest Rate Will Boost Net Income [Seeking Alpha]
Investors Title Company (ITIC)
US:NASDAQ Investor Relations:
invtitle.com/investor-relations-overview
Company Research
Source: Seeking Alpha
Follow Play 6min 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. Looking for a helping hand in the market? Members of European Small-Cap Ideas get exclusive ideas and guidance to navigate any climate. Learn More » Saiful Islam/iStock via Getty Images Introduction Investors Title Company ( NASDAQ: ITIC ) is a property title insurance company. This is a very low-risk business, as the losses on these insurance contracts are his
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ITIC
News
- With 46% ownership, Investors Title Company (NASDAQ:ITIC) has piqued the interest of institutional investors [Yahoo! Finance]Yahoo! Finance
- Investors Title's (NASDAQ:ITIC) Dividend Will Be $0.46 [Yahoo! Finance]Yahoo! Finance
- Investors Title Second Quarter 2024 Earnings: EPS: US$4.71 (vs US$4.00 in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Investors Title Company Declares Quarterly DividendBusiness Wire
- Investors Title (NASDAQ: ITIC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
ITIC
Sec Filings
- 8/12/24 - Form 4
- 8/9/24 - Form 10-Q
- 8/6/24 - Form 8-K
- ITIC's page on the SEC website