Investors Title Co - ITIC STOCK NEWS

Investors Title Company (ITIC) reported its Q2 2022 results, revealing a net income of $2.3 million or $1.20 per diluted share, down from $19.8 million or $10.42 per diluted share a year earlier. Revenues fell 16.5% to $70.9 million, impacted by a $12.2 million unrealized loss in the equity portfolio. Net premiums written rose 3.1% to achieve a record in the Texas market. However, operating expenses surged 13.9%, driven by personnel and technology costs, contributing to a decline in net income over the first half of 2022.

Investors Title Company (ITIC) has declared a cash dividend of $0.46 per share, set for shareholders of record on June 15, 2022, with payment scheduled for June 30, 2022. This move reflects the company's commitment to returning value to its shareholders. Based in North Carolina, ITIC focuses on issuing and underwriting title insurance policies and also offers services related to tax-deferred exchanges and investment management.

Investors Title Company reported Q1 2022 net income of $6.2 million ($3.25 per diluted share), down from $13.8 million ($7.29 per diluted share) year-over-year. Total revenues decreased by 4.3% to $69.0 million. Despite a record of net premiums written at $63.1 million, a $5.9 million loss in the equity investment portfolio impacted results. Operating expenses rose by 11.8% to $61.2 million, largely due to personnel costs increasing by 31.6%. Chairman J. Allen Fine expressed optimism for 2022 results amid challenges from rising mortgage rates.

Investors Title Company (NASDAQ: ITIC) has declared a cash dividend of $.46 per share for shareholders of record on March 21, 2022, payable on March 31, 2022. The company, based in North Carolina, engages in issuing and underwriting title insurance policies, providing services for tax-deferred exchanges, and offering investment management services. This dividend declaration reflects the company's commitment to returning value to its shareholders while maintaining its operational activities in the title insurance industry.

Investors Title Company reported record financial performance for Q4 and the year ended December 31, 2021. Net income surged 70% to $67 million, or $35.28 per diluted share, with quarterly net income up 13.7% to $18.9 million. Quarterly revenues rose 18% to $91 million, driven by a 16.8% increase in net premiums to $72.5 million due to higher home prices and low mortgage rates. Escrow fees jumped 53%, while non-title service revenues climbed 23.4%. Operating expenses increased 20.5%, mainly from agent commissions and staffing. Chairman J. Allen Fine emphasized strong demand for housing and robust market conditions.

Investors Title Company (NASDAQ: ITIC) has announced a special cash dividend of $18.00 per share for shareholders on record by December 1, 2021, payable on December 15, 2021. Additionally, a regular quarterly cash dividend of $.46 per share will also be distributed on the same dates. The special dividend reflects the company's strong financial position and commitment to returning capital to shareholders, funded through existing cash reserves.

Investors Title Company reported Q3 2021 net income of $14.5 million ($7.63 per diluted share), down from $15.3 million ($8.07 per share) year-over-year. Revenues rose 20.4% to $81.4 million, driven by a 26.5% increase in net premiums written to $72.3 million. Escrow fees surged 79.3%, and non-title service revenue grew 25.2%. Operating expenses rose 29.1%, largely due to higher commissions and personnel costs. For the nine months, net income increased to $48.1 million from $22.8 million.

Investors Title Company (Nasdaq: ITIC) has declared a cash dividend of $.46 per share for shareholders of record as of September 1, 2021, payable on September 15, 2021. This announcement underscores the company's commitment to returning value to investors. Investors Title specializes in issuing and underwriting title insurance policies and also offers services related to tax-deferred exchanges and investment management. The company is publicly traded on The Nasdaq Global Select Market.

Investors Title Company reported strong Q2 2021 results, achieving a net income of $19.8 million ($10.42/share), up from $14.5 million ($7.65/share) last year. Revenues soared 37.6% to $85.0 million, driven by a 42.2% increase in net premiums written due to lower interest rates and economic recovery. Escrow and other title-related fees surged 72.8%. Operating expenses rose 36.2%, but claims expenses dropped 28.0%, reflecting improved claims experience. The company anticipates a positive outlook for real estate activity due to low mortgage rates and economic recovery.