StockNews.com downgraded shares of Investors Title (NASDAQ:ITIC - Free Report) from a buy rating to a hold rating in a report released on Tuesday morning.
Investors Title Stock Performance
Shares of NASDAQ:ITIC traded down $4.25 on Tuesday, reaching $227.53. The company's stock had a trading volume of 5,697 shares, compared to its average volume of 13,633. Investors Title has a 52-week low of $146.41 and a 52-week high of $290.40. The company has a market cap of $427.76 million, a P/E ratio of 15.06 and a beta of 0.91. The company has a 50-day simple moving average of $235.36 and a 200 day simple moving average of $235.64.
Investors Title (NASDAQ:ITIC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. Investors Title had a net margin of 11.83% and a return on equity of 10.99%.
Institutional Investors Weigh In On Investors Title
Several institutional investors have recently made changes to their positions in ITIC. SG Americas Securities LLC bought a new stake in shares of Investors Title in the 3rd quarter worth about $117,000. Ritholtz Wealth Management lifted its holdings in shares of Investors Title by 9.0% in the 3rd quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider's stock worth $621,000 after acquiring an additional 223 shares during the last quarter. Canal Capital Management LLC bought a new stake in shares of Investors Title in the 3rd quarter worth about $230,000. Meeder Asset Management Inc. lifted its holdings in shares of Investors Title by 455.8% in 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Investors Title by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider's stock worth $958,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 41.40% of the company's stock.
About Investors Title
(
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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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