Investors Title (NASDAQ:ITIC) Rating Lowered to “Hold” at StockNews.com

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

Investors Title Trading Down 1.2 %

NASDAQ:ITIC opened at $271.60 on Thursday. Investors Title has a 1 year low of $141.41 and a 1 year high of $283.27. The stock has a 50-day moving average price of $235.29 and a two-hundred day moving average price of $203.80. The stock has a market cap of $510.61 million, a price-to-earnings ratio of 17.97 and a beta of 0.85.

Hedge Funds Weigh In On Investors Title

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC lifted its holdings in shares of Investors Title by 41.1% in the first 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 in the last quarter. BNP Paribas Financial Markets grew its position in Investors Title by 36.1% in the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 169 shares in the last quarter. Ritholtz Wealth Management lifted its position in Investors Title by 9.0% during the 3rd quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock worth $621,000 after buying an additional 223 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Investors Title by 27.0% during the 2nd quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after buying an additional 803 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Investors Title by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider’s stock valued at $702,000 after acquiring an additional 175 shares in the last quarter. 41.40% of the stock is 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.