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

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

Investors Title Price Performance

Shares of NASDAQ:ITIC opened at $222.36 on Tuesday. The business’s fifty day moving average price is $236.93 and its two-hundred day moving average price is $235.50. Investors Title has a fifty-two week low of $146.41 and a fifty-two week high of $290.40. The stock has a market capitalization of $418.04 million, a price-to-earnings ratio of 14.72 and a beta of 0.91.

Hedge Funds Weigh In On Investors Title

A number of institutional investors and hedge funds have recently bought and sold shares of ITIC. Arrowstreet Capital Limited Partnership lifted its stake in shares of Investors Title by 11.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 11,079 shares of the insurance provider’s stock valued at $2,623,000 after acquiring an additional 1,153 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Investors Title by 68.6% during the fourth quarter. JPMorgan Chase & Co. now owns 5,497 shares of the insurance provider’s stock worth $1,301,000 after buying an additional 2,237 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of Investors Title in the fourth quarter worth $47,000. Vanguard Group Inc. grew its position in Investors Title by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 75,070 shares of the insurance provider’s stock valued at $17,774,000 after purchasing an additional 1,918 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Investors Title by 27.1% in the 4th quarter. American Century Companies Inc. now owns 10,788 shares of the insurance provider’s stock valued at $2,554,000 after acquiring an additional 2,303 shares during the period. 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.