INVESTORS TITLE CO
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
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Item 1A. Risk Factors
There have been no material changes in the risk factors previously disclosed under Item 1A of the Company’s 2023 Form 10-K.
The following table provides information about purchases by the Company (and all affiliated purchasers), during the quarter ended March 31, 2024, of equity securities that are registered by the Company pursuant to Section 12 of the Exchange Act:
| Issuer Purchases of Equity Securities (unrounded) | ||||
|---|---|---|---|---|
| Period | Total Number ofShares Purchased | Average PricePaid per Share | Total Number ofShares Purchased asPart of PubliclyAnnounced Plan | MaximumNumber of Sharesthat May Yet BePurchased Underthe Plan (1) |
| Beginning of period | 420,216 | |||
| January 1 through January 31, 2024 | — | $— | — | 420,216 |
| February 1 through February 29, 2024 | — | — | — | 420,216 |
| March 1 through March 31, 2024 | 6,763 | 155.63 | 6,763 | 413,453 |
| Total | 6,763 | $155.63 | 6,763 | 413,453 |
(1) On November 9, 2015, the Board of Directors of the Company approved the purchase of an additional 163,335 shares pursuant to the Company’s repurchase plan, such that there was authority remaining under the plan to purchase up to an aggregate of 500,000 shares of the Company’s common stock pursuant to the plan immediately after this approval. During the quarter ended March 31, 2024, the Company purchased a total of 6,763 shares of the Company's common stock under the repurchase plan. As of March 31, 2024, there was authority remaining under the plan to purchase up to an aggregate of 413,453 shares of the Company’s common stock. Unless terminated earlier by resolution of the Board of Directors, the plan will expire when all shares authorized for purchase under the plan (as such number may be amended by the Board from time to time) have been purchased. The Company anticipates making further purchases under this plan from time to time in the future, depending on such factors as the prevailing market price of the Company’s common stock, the Company’s available cash and the existing alternative uses for such cash.
None.
Not Applicable.
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