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

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

Investors Title Stock Performance

Shares of ITIC opened at $242.36 on Monday. The company has a market capitalization of $527.86 million, a P/E ratio of 14.75 and a beta of 0.91. Investors Title has a one year low of $146.41 and a one year high of $290.40. The stock has a 50-day moving average price of $234.28 and a 200 day moving average price of $240.57.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings results on Thursday, May 8th. The insurance provider reported $1.67 EPS for the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.

Institutional Trading of Investors Title

Several institutional investors and hedge funds have recently bought and sold shares of ITIC. GAMMA Investing LLC raised its stake in Investors Title by 132,500.0% during the first quarter. GAMMA Investing LLC now owns 5,304 shares of the insurance provider’s stock valued at $12,790,000 after buying an additional 5,300 shares in the last quarter. Nuveen LLC acquired a new stake in Investors Title during the first quarter valued at approximately $861,000. Bank of New York Mellon Corp raised 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 during the period. American Century Companies Inc. raised its position in shares of Investors Title by 22.3% during the 1st quarter. American Century Companies Inc. now owns 13,192 shares of the insurance provider’s stock worth $3,180,000 after purchasing an additional 2,404 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Investors Title by 68.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,497 shares of the insurance provider’s stock worth $1,301,000 after purchasing an additional 2,237 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.