Investors Title (NASDAQ:ITIC) Upgraded to Buy at StockNews.com

Investors Title (NASDAQ:ITIC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

Investors Title Stock Performance

Shares of NASDAQ:ITIC opened at $237.43 on Friday. The company has a market capitalization of $447.79 million, a PE ratio of 14.45 and a beta of 0.97. The stock has a fifty day moving average of $230.64 and a 200-day moving average of $239.53. Investors Title has a one year low of $146.41 and a one year high of $290.40.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings data on Thursday, February 13th. The insurance provider reported $4.41 earnings per share (EPS) for the quarter. The firm had revenue of $70.63 million for the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.

Institutional Investors Weigh In On Investors Title

A number of institutional investors have recently bought and sold shares of ITIC. SG Americas Securities LLC grew its position in Investors Title by 21.0% during the fourth quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock valued at $146,000 after purchasing an additional 107 shares in the last quarter. Martingale Asset Management L P boosted its position in Investors Title by 10.8% during the third quarter. Martingale Asset Management L P now owns 1,431 shares of the insurance provider’s stock valued at $329,000 after purchasing an additional 140 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Investors Title by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after purchasing an additional 142 shares in the last quarter. Barclays PLC raised its stake in shares of Investors Title by 6.1% during the 4th quarter. Barclays PLC now owns 2,553 shares of the insurance provider’s stock worth $604,000 after purchasing an additional 147 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Investors Title by 20.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,127 shares of the insurance provider’s stock valued at $267,000 after buying an additional 189 shares during the last quarter. 41.40% of the stock is currently owned by institutional investors and hedge funds.

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.