Investors Title (ITIC) Cut to Hold at BidaskClub

Investors Title (NASDAQ:ITIC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

Separately, ValuEngine cut Investors Title from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Shares of Investors Title (NASDAQ ITIC) opened at $194.50 on Friday. The stock has a market capitalization of $371.37, a price-to-earnings ratio of 17.44 and a beta of 0.81. Investors Title has a twelve month low of $118.10 and a twelve month high of $204.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Investors Title by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284 shares of the insurance provider’s stock worth $249,000 after purchasing an additional 36 shares during the period. Teachers Advisors LLC grew its holdings in shares of Investors Title by 4.1% during the 2nd quarter. Teachers Advisors LLC now owns 2,625 shares of the insurance provider’s stock worth $508,000 after purchasing an additional 104 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Investors Title by 4.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,063 shares of the insurance provider’s stock worth $786,000 after purchasing an additional 164 shares during the period. Bessemer Group Inc. grew its holdings in shares of Investors Title by 30.8% during the 3rd quarter. Bessemer Group Inc. now owns 1,700 shares of the insurance provider’s stock worth $304,000 after purchasing an additional 400 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Investors Title during the 3rd quarter worth $101,000. Institutional investors and hedge funds own 41.87% of the company’s stock.

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Investors Title Company Profile

Investors Title Company is an insurance holding company. The Company, through its subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC), is engaged in issuance of residential and commercial title insurance, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC).

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