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

Investors Title (NASDAQ:ITIC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Investors Title Price Performance

Shares of ITIC stock opened at $246.58 on Wednesday. The firm has a 50-day moving average of $230.06 and a 200-day moving average of $199.44. The company has a market cap of $463.57 million, a P/E ratio of 17.69 and a beta of 0.85. Investors Title has a one year low of $141.41 and a one year high of $259.00.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $4.70 earnings per share for the quarter. The company had revenue of $65.38 million during the quarter. Investors Title had a net margin of 11.25% and a return on equity of 10.32%.

Institutional Trading of Investors Title

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in shares of Investors Title by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 169 shares during the last quarter. Empowered Funds LLC raised its position in Investors Title by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider’s stock worth $702,000 after buying an additional 175 shares during the last quarter. Vanguard Group Inc. raised its position in Investors Title by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 67,743 shares of the insurance provider’s stock worth $11,055,000 after buying an additional 591 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Investors Title by 41.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider’s stock valued at $581,000 after purchasing an additional 1,037 shares during the period. Finally, Aristides Capital LLC bought a new stake in shares of Investors Title during the 1st quarter valued at about $1,648,000. Institutional investors own 41.40% of the company’s stock.

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.