StockNews.com Downgrades Investors Title (NASDAQ:ITIC) to Hold

Investors Title (NASDAQ:ITIC) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Investors Title Stock Performance

ITIC opened at $241.32 on Friday. The firm has a 50 day moving average price of $229.03 and a 200 day moving average price of $238.79. The company has a market cap of $454.65 million, a PE ratio of 14.69 and a beta of 0.97. Investors Title has a 1 year low of $146.41 and a 1 year high of $290.40.

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

Institutional Investors Weigh In On Investors Title

A number of institutional investors have recently bought and sold shares of ITIC. Meeder Asset Management Inc. boosted its position in Investors Title by 455.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 196 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Investors Title by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after buying an additional 142 shares during the last quarter. FMR LLC lifted its holdings in shares of Investors Title by 73.6% during the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after buying an additional 203 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Investors Title by 65.6% during 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, Martingale Asset Management L P lifted its holdings in shares of Investors Title by 10.8% during the 3rd quarter. Martingale Asset Management L P now owns 1,431 shares of the insurance provider’s stock valued at $329,000 after buying an additional 140 shares during 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.