Investors Title (NASDAQ:ITIC - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Monday.
Investors Title Stock Performance
Investors Title stock traded up $5.70 during mid-day trading on Monday, reaching $248.85. 85,746 shares of the company were exchanged, compared to its average volume of 14,519. The firm's 50-day simple moving average is $234.74 and its two-hundred day simple moving average is $240.61. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40. The firm has a market cap of $542.00 million, a PE ratio of 15.15 and a beta of 0.91.
Investors Title (NASDAQ:ITIC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The insurance provider reported $1.67 earnings per share 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 added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Investors Title by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 75,800 shares of the insurance provider's stock worth $18,274,000 after buying an additional 730 shares in the last quarter. Bank of New York Mellon Corp raised its position in Investors Title by 21.9% in the fourth quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider's stock worth $3,485,000 after acquiring an additional 2,648 shares in the last quarter. Northern Trust Corp lifted its holdings in Investors Title by 6.5% in the fourth quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider's stock valued at $3,448,000 after acquiring an additional 892 shares during the period. American Century Companies Inc. boosted 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 in the last quarter. Finally, Aristides Capital LLC grew its stake in shares of Investors Title by 5.3% during the 1st quarter. Aristides Capital LLC now owns 11,920 shares of the insurance provider's stock worth $2,874,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 41.40% of the company's stock.
Investors Title Company Profile
(
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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.
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