ITIC
Investors Title Company

Market cap $362.15M
Enterprise value $319.44M
Employees 307
Revenue $162M
EBITDA $32.6M
Income $25.7M
EPS 13.56
P/E 14.16
Forward P/E N/A
EV/EBITDA 9.79
PEG N/A
Earnings date 2018-02-07
Volume 382 / 2.39k
Relative vol. 0.16 ×
Profit margin 15.90%
Oper. margin 18.73%
Gross margin 46.15%
Sales Q/Q 11.18%
Sales Y/Y 6.10%
Est. EPS Q/Q N/A
Beta 0.77
Mean Recomm. N/A
IPO year 1986
Country United States
RSI 39.26
Range $191.50 – $193.99
52 weeks $126.00 – $221.88
SMA 50 $194 -0.25%
SMA 200 $188 -2.93%
1 year target $39 -79.90%

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Shares Price per share Total price Shares after Source

Notable SEC filings of Investors Title Company

Date Contents
Source
2017-08-08 10-Q Quarterly report
2017-08-04 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-05-19 8-K Submission of Matters to a Vote of Security Holders
2017-05-08 10-Q Quarterly report
2017-05-04 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2017-03-10 10-K Yearly report
2017-02-09 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-11-07 10-Q Quarterly report
2016-11-02 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-11-02 8-K Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Other Events
2016-10-13 8-K Entry into a Material Definitive Agreement
2016-08-08 10-Q Quarterly report
2016-08-03 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-05-24 8-K Submission of Matters to a Vote of Security Holders
2016-05-06 10-Q Quarterly report
2016-05-04 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2016-03-11 10-K Yearly report
2016-02-16 8-K Regulation FD Disclosure; Financial Statements and Exhibits
2016-02-10 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2015-11-09 10-Q Quarterly report
2015-11-04 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2015-08-07 10-Q Quarterly report
2015-08-05 8-K Results of Operations and Financial Condition; Financial Statements and Exhibits
2015-06-10 8-K Results of Operations and Financial Condition; Other Events
2015-05-20 8-K Submission of Matters to a Vote of Security Holders
2015-05-07 10-Q Quarterly report

Investors Title executives

Insider Title Age Since Compensation
W. Morris Fine (48)
Executive Vice President, Secretary, Director since 1999
Executive Vice President, Secretary, Director 48 1999 $691,260
James Fine (52)
President, Chief Financial Officer, Chief Accounting Officer, Treasurer, Director since 2002
President, Chief Financial Officer, Chief Accounting Officer, Treasurer, Director 52 2002 $686,787
J. Allen Fine (80)
Chairman of the Board, Chief Executive Officer since 1997
Chairman of the Board, Chief Executive Officer 80 1997 $681,582
James Speed (61)
Independent Director since 2010
Independent Director 61 2010
James Morton (77)
Independent Director since 1985
Independent Director 77 1985
H. Joe King (82)
Independent Director since 1983
Independent Director 82 1983
R. Horace Johnson (70)
Independent Director since 2005
Independent Director 70 2005
David Francis (82)
Independent Director since 1982
Independent Director 82 1982
Richard Hutson (74)
Lead Independent Director since 2011
Lead Independent Director 74 2011
Investors Title Company logo

Investors Title Company, through its subsidiaries, provides title insurance for residential, institutional, commercial, and industrial properties. It 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. The company also provides services in connection with tax-deferred real property exchange; serves as a qualified intermediary in like-kind exchanges of real or personal property; coordinates the exchange aspects of the real estate transaction; and performs duties, including 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 in reverse exchanges when the taxpayer must acquire replacement property before selling the relinquished property. Further, the company offers investment management and trust services to individuals, companies, banks, and trusts; and provides consulting 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 22 states and the District of Columbia, primarily in the eastern half of the United States. Investors Title Company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.

  • Investors Title Company, 121 North Columbia Street, Chapel Hill 27514, United States
  • invtitle.com
  • 919-968-2200

Profit margin

Debt to assets

Cash flow

Balance sheet

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Current assets
Cash $30.890785 $29.068106 $25.71805 $27.928472
Short term investments $20.692763 $17.845956 $13.635465 $6.55884
Net receivables $13.224909 $11.702609 $10.000493 $9.689313
Inventory
Other current assets
Total current assets
Long term investments $157.361687 $148.040213 $152.034109 $154.294867
Property, plant & equipment $10.029847 $10.018368 $9.477362 $8.753466
Goodwill
Intangible assets $11.785945 $11.789465 $12.023053 $12.256641
Other assets $9.211784 $9.489454 $10.323199 $9.456523
Deferred long term asset charges
Total assets $253.19772 $237.954171 $233.211731 $228.938122
Current liabilities
Accounts payable $31.462305 $24.322986 $26.057782 $27.378912
Short long term debt
Other current liabilities
Total current liabilities
Long term debt
Other liabilities $35.207 $34.141 $35.445 $35.305
Deferred long term liabilities $14.39718 $13.259875 $11.421379 $11.118256
Minority interest $0.079999 $0.079841 $0.08101 $0.090885
Total liabilities $81.146484 $71.803702 $73.005171 $73.893053
Stockholders' equity
Stock option warrants
Common stock $0.000001 $0.000001 $0.000001 $0.000001
Retained earnings $157.675541 $152.482193 $147.40544 $143.283621
Treasury stock
Capital surplus
Other stockholder equity $14.375694 $13.668275 $12.801119 $11.761447
Total stockholder equity $172.051236 $166.150469 $160.20656 $155.045069
Net tangible assets $160.265291 $154.361004 $148.183507 $142.788428
(in millions) 2016 2015 2014
Current assets
Cash $27.928472 $21.790068 $15.826515
Short term investments $6.55884 $6.865406 $2.576993
Net receivables $9.689313 $9.396823 $9.60802
Inventory
Other current assets
Total current assets
Long term investments $154.294867 $153.686676 $156.8342
Property, plant & equipment $8.753466 $7.148951 $5.460805
Goodwill
Intangible assets $12.256641 $1.220585
Other assets $9.456523 $11.41352 $7.732677
Deferred long term asset charges
Total assets $228.938122 $211.522029 $198.03921
Current liabilities
Accounts payable $27.378912 $25.253943 $18.383011
Short long term debt
Other current liabilities
Total current liabilities
Long term debt
Other liabilities $35.305 $37.788 $36.677
Deferred long term liabilities $11.118256 $5.703006 $5.415493
Minority interest $0.090885 $0.107198
Total liabilities $73.893053 $68.852147 $60.475504
Stockholders' equity
Stock option warrants
Common stock $0.000001 $0.000001 $0.000001
Retained earnings $143.283621 $131.186866 $124.707196
Treasury stock
Capital surplus
Other stockholder equity $11.761447 $11.483015 $12.856509
Total stockholder equity $155.045069 $142.669882 $137.563706
Net tangible assets $142.788428 $141.449297 $137.563706

Income statement

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Revenue
Total revenue $43.137465 $40.131722 $37.801189 $38.800976
Cost of revenue $19.495765 $16.738417 $17.050507 $18.343877
Gross profit $23.6417 $23.393305 $20.750682 $20.457099
Operating expenses
Research & development
Selling, general & administrative $12.803279 $12.539665 $12.486711 $10.808289
Non-recurring
Other operating expenses $1.921806 $2.507617 $1.812791 $2.021033
Total operating expenses
Operating income $8.916615 $8.346023 $6.45118 $7.627777
Income from continuing operations
Net other income
EBIT $8.916615 $8.346023 $6.45118 $7.627777
Interest expense
Income before tax $8.916615 $8.346023 $6.45118 $7.627777
Income tax expense $2.99 $2.672 $1.985 $2.576
Minority interest $0.079999 $0.079841 $0.08101 $0.090885
Net income from continuing ops $5.926615 $5.674023 $4.46618 $5.051777
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $5.926457 $5.675192 $4.476055 $5.052759
Income (for common shares) $5.926457 $5.675192 $4.476055 $5.052759
(in millions) 2016 2015 2014
Revenue
Total revenue $138.492414 $127.200072 $123.119286
Cost of revenue $63.886274 $66.652795 $70.862069
Gross profit $74.60614 $60.547277 $52.257217
Operating expenses
Research & development
Selling, general & administrative $39.840602 $36.08812 $32.119954
Non-recurring
Other operating expenses $6.634086 $6.682104 $6.648765
Total operating expenses
Operating income $28.131452 $17.777053 $13.488498
Income from continuing operations
Net other income
EBIT $28.131452 $17.777053 $13.488498
Interest expense
Income before tax $28.131452 $17.777053 $13.488498
Income tax expense $8.616 $5.228 $3.816
Minority interest $0.090885 $0.107198 $0.107198
Net income from continuing ops $19.515452 $12.549053 $9.672498
Non-recurring events
Discontinued operations
Extraordinary items
Effect of accounting change
Other items
Net income
EBITDA $19.523118 $12.533905 $9.648975
Income (for common shares) $19.523118 $12.533905 $9.648975

Cash flow

(in millions) 2017Q3 2017Q2 2017Q1 2016Q4
Net income $5.926457 $5.675192 $4.476055 $5.052759
Operating activities
Depreciation $0.792666 $0.784092 $0.765008 $0.675273
Net income adjustments $1.410233 $0.939467 $0.329467 -$1.428729
Change in accounts receivable -$0.558661 -$1.038011 -$0.009334 $0.704409
Changes in liabilities $6.288826 -$3.246876 -$1.975554 $0.110914
Changes in inventory
Changes in other operating activities -$0.685969 $0.16964 -$1.168522 $2.627322
Total cash flow from operations $13.17371 $3.282335 $2.407245 $7.740966
Investing activities
Capital expenditures -$0.378302 -$0.900387 -$1.063894 -$0.714726
Investments -$10.1828 $1.62847 -$3.201723 -$5.695793
Other cash flows from investing $0.0055 $0.000396 $0.034534 $0.043597
Total cash flows from investing -$10.555602 $0.728479 -$4.231083 -$6.366922
Financing activities
Dividends paid -$0.754811 -$0.660401 -$0.377218 -$0.376856
Sale and purchase of stock -$0.040618 -$0.000357 -$0.009366 -$0.009366
Net borrowings
Other cash flows from financing $0.032293
Total cash flows from financing -$0.795429 -$0.660758 -$0.386584 -$0.344563
Effect of exchange rate
Change in cash and equivalents $1.822679 $3.350056 -$2.210422 $1.029481
(in millions) 2016 2015 2014
Net income $19.523118 $12.533905 $9.648975
Operating activities
Depreciation $2.301479 $1.842253 $1.466103
Net income adjustments $0.633691 $3.720276 $4.266941
Change in accounts receivable -$0.261464 $0.217594 $0.206041
Changes in liabilities -$2.285394 $3.439873 -$5.901016
Changes in inventory
Changes in other operating activities $2.631205 -$4.879418 -$0.026587
Total cash flow from operations $22.534969 $16.889631 $9.68398
Investing activities
Capital expenditures -$2.456951 -$2.742619 -$2.017379
Investments -$6.490904 -$2.18065 -$13.182868
Other cash flows from investing $0.109257 $0.224188 -$0.452823
Total cash flows from investing -$8.838598 -$4.699081 -$15.65307
Financing activities
Dividends paid -$1.37039 -$0.789907 -$0.81849
Sale and purchase of stock -$6.21987 -$5.463965 -$1.028665
Net borrowings
Other cash flows from financing $0.032293 $0.026875 $0.015999
Total cash flows from financing -$7.557967 -$6.226997 -$1.831156
Effect of exchange rate
Change in cash and equivalents $6.138404 $5.963553 -$7.800246
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