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

Investors Title (NASDAQ:ITIC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Investors Title Stock Performance

Shares of Investors Title stock opened at $233.59 on Wednesday. The business has a 50-day simple moving average of $230.17 and a 200-day simple moving average of $237.36. Investors Title has a one year low of $146.41 and a one year high of $290.40. The company has a market cap of $440.09 million, a PE ratio of 14.22 and a beta of 0.91.

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

Institutional Trading of Investors Title

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. purchased a new position in shares of Investors Title in the 4th quarter valued at about $47,000. Meeder Asset Management Inc. increased its stake in Investors Title by 455.8% in the third quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 196 shares during the last quarter. FMR LLC lifted its position in shares of Investors Title by 73.6% during the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after buying an additional 203 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Investors Title by 65.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after buying an additional 214 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Investors Title by 21.0% during the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock worth $146,000 after acquiring an additional 107 shares in the last quarter. 41.40% of the stock is currently owned by institutional investors and hedge funds.

About Investors Title

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.