Investors Title (NASDAQ:ITIC) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Investors Title (NASDAQ:ITIC) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Investors Title Trading Up 1.3 %

Shares of NASDAQ ITIC opened at $237.30 on Wednesday. The firm’s 50-day moving average price is $230.00 and its 200-day moving average price is $237.33. The stock has a market capitalization of $447.07 million, a price-to-earnings ratio of 14.44 and a beta of 0.91. Investors Title has a 12-month low of $146.41 and a 12-month high of $290.40.

Investors Title (NASDAQ:ITIC) last announced its earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share (EPS) for the quarter. The firm had revenue of $70.63 million for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Institutional Trading of Investors Title

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Investors Title by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 75,070 shares of the insurance provider’s stock worth $17,774,000 after purchasing an additional 1,918 shares during the period. Geode Capital Management LLC raised its position in Investors Title by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider’s stock worth $7,648,000 after purchasing an additional 809 shares during the period. Bank of New York Mellon Corp raised its position in Investors Title by 21.9% in the 4th quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider’s stock worth $3,485,000 after purchasing an additional 2,648 shares during the period. Northern Trust Corp raised its position in Investors Title by 6.5% in the 4th quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider’s stock worth $3,448,000 after purchasing an additional 892 shares during the period. Finally, Aristides Capital LLC raised its position in Investors Title by 12.1% in the 4th quarter. Aristides Capital LLC now owns 11,320 shares of the insurance provider’s stock worth $2,680,000 after purchasing an additional 1,220 shares during the period. 41.40% of the stock is currently owned by hedge funds and other institutional investors.

Investors Title Company Profile

Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. The company 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.