Investors Title (NASDAQ:ITIC) Lowered to Hold Rating by StockNews.com

Investors Title (NASDAQ:ITIC - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.

Investors Title Price Performance

NASDAQ:ITIC traded up $4.50 during trading hours on Friday, reaching $241.32. 7,882 shares of the stock were exchanged, compared to its average volume of 11,147. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40. The firm has a 50 day moving average of $229.03 and a 200 day moving average of $238.79. The stock has a market cap of $454.65 million, a PE ratio of 14.69 and a beta of 0.97.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ITIC. Mountain Hill Investment Partners Corp. bought a new position in Investors Title during the 4th quarter worth $47,000. Meeder Asset Management Inc. increased 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 buying an additional 196 shares during the period. FMR LLC increased 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 buying an additional 203 shares during the period. BNP Paribas Financial Markets increased its position in Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider's stock worth $124,000 after buying an additional 214 shares during the period. Finally, SG Americas Securities LLC increased its position in Investors Title by 21.0% during the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider's stock worth $146,000 after buying an additional 107 shares during the period. Institutional investors own 41.40% of the company's stock.

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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.