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 note issued to investors on Friday.
Investors Title Stock Performance
ITIC stock traded down $4.07 during trading on Friday, hitting $241.64. The stock had a trading volume of 13,773 shares, compared to its average volume of 12,259. The company's 50 day moving average price is $229.62 and its two-hundred day moving average price is $239.16. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40. The stock has a market cap of $455.25 million, a price-to-earnings ratio of 14.71 and a beta of 0.97.
Investors Title (NASDAQ:ITIC - Get Free Report) last announced its earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%. The firm had revenue of $70.63 million during the quarter.
Institutional Investors Weigh In On Investors Title
Several hedge funds have recently modified their holdings of ITIC. Mountain Hill Investment Partners Corp. purchased a new position in Investors Title in the fourth quarter valued at approximately $47,000. Meeder Asset Management Inc. increased its stake in shares of Investors Title by 455.8% in the third 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 last quarter. FMR LLC increased its stake in shares of Investors Title by 73.6% in the third quarter. FMR LLC now owns 479 shares of the insurance provider's stock worth $110,000 after buying an additional 203 shares during the last quarter. BNP Paribas Financial Markets increased 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 buying an additional 214 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Investors Title by 21.0% in the fourth 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 last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
