StockNews.com Upgrades Investors Title (NASDAQ:ITIC) to Buy

Investors Title (NASDAQ:ITIC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Investors Title Price Performance

NASDAQ ITIC opened at $237.43 on Friday. Investors Title has a 12 month low of $146.41 and a 12 month high of $290.40. The firm has a market capitalization of $447.32 million, a PE ratio of 14.45 and a beta of 0.97. The company’s 50 day simple moving average is $230.64 and its 200 day simple moving average is $239.30.

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

Institutional Investors Weigh In On Investors Title

Institutional investors have recently modified their holdings of the stock. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Investors Title during the 4th quarter valued at $47,000. FMR LLC lifted its stake in shares of Investors Title by 73.6% in the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 203 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 214 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Investors Title by 21.0% in the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock valued at $146,000 after purchasing an additional 107 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Investors Title by 225.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider’s stock valued at $154,000 after purchasing an additional 450 shares during the last quarter. Institutional investors and hedge funds own 41.40% of the company’s stock.

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.