StockNews.com downgraded shares of Investors Title (NASDAQ:ITIC - Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
Investors Title Price Performance
NASDAQ:ITIC traded up $2.94 during midday trading on Wednesday, reaching $237.30. 3,783 shares of the company traded hands, compared to its average volume of 12,130. The firm has a market capitalization of $447.07 million, a price-to-earnings ratio of 14.44 and a beta of 0.91. The company has a fifty day moving average price of $229.89 and a 200 day moving average price of $237.76. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40.
Investors Title (NASDAQ:ITIC - Get Free Report) last posted its earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share (EPS) for the quarter. The company 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
Large investors have recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. acquired a new position in shares of Investors Title during the fourth quarter worth approximately $47,000. Meeder Asset Management Inc. boosted its position in Investors Title by 455.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider's stock worth $55,000 after acquiring an additional 196 shares during the period. FMR LLC boosted its position in Investors Title by 73.6% during the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider's stock worth $110,000 after acquiring an additional 203 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider's stock worth $124,000 after purchasing an additional 214 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of 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 during the period. Institutional investors and hedge funds own 41.40% of the company's stock.
Investors Title Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Investors Title, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Investors Title wasn't on the list.
While Investors Title currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
