Investors Title (NASDAQ:ITIC) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Investors Title (NASDAQ:ITIC) from a buy rating to a hold rating in a report released on Wednesday.

Investors Title Price Performance

Shares of ITIC opened at $236.60 on Wednesday. Investors Title has a 12 month low of $146.41 and a 12 month high of $290.40. The stock’s 50-day moving average is $230.17 and its two-hundred day moving average is $237.36. The stock has a market cap of $445.75 million, a PE ratio of 14.40 and a beta of 0.91.

Investors Title (NASDAQ:ITIC) last released its quarterly earnings results 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 business had revenue of $70.63 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ITIC. Bank of New York Mellon Corp raised its stake in Investors Title by 21.9% during the fourth quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider’s stock valued at $3,485,000 after buying an additional 2,648 shares in the last quarter. American Century Companies Inc. raised its stake in Investors Title by 27.1% during the fourth quarter. American Century Companies Inc. now owns 10,788 shares of the insurance provider’s stock valued at $2,554,000 after buying an additional 2,303 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Investors Title by 68.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,497 shares of the insurance provider’s stock valued at $1,301,000 after buying an additional 2,237 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Investors Title during the fourth quarter valued at approximately $513,000. Finally, Vanguard Group Inc. raised its stake in Investors Title by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 75,070 shares of the insurance provider’s stock valued at $17,774,000 after buying an additional 1,918 shares in 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.