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

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

Investors Title Stock Performance

Shares of Investors Title stock opened at $233.59 on Wednesday. The company has a market cap of $440.09 million, a P/E ratio of 14.22 and a beta of 0.91. The firm has a fifty day moving average of $230.17 and a two-hundred day moving average of $237.36. Investors Title has a one year low of $146.41 and a one year high of $290.40.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings data on Thursday, February 13th. The insurance provider reported $4.41 EPS 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 during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of Investors Title by 21.9% during the 4th quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider’s stock worth $3,485,000 after purchasing an additional 2,648 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Investors Title by 27.1% in the fourth quarter. American Century Companies Inc. now owns 10,788 shares of the insurance provider’s stock valued at $2,554,000 after purchasing an additional 2,303 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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. Citadel Advisors LLC acquired a new position in Investors Title during the fourth quarter worth about $513,000. Finally, Vanguard Group Inc. increased its holdings 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 buying an additional 1,918 shares in the last quarter. Hedge funds and other institutional investors own 41.40% of the company’s stock.

Investors Title Company Profile

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.