StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC - Free Report) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.
Investors Title Stock Performance
Shares of NASDAQ:ITIC traded up $1.10 during mid-day trading on Thursday, hitting $231.82. 3,986 shares of the company traded hands, compared to its average volume of 11,361. The firm has a market cap of $436.75 million, a P/E ratio of 14.11 and a beta of 0.97. Investors Title has a 52-week low of $146.41 and a 52-week high of $290.40. The firm's 50 day simple moving average is $229.15 and its 200 day simple moving average is $238.18.
Investors Title (NASDAQ:ITIC - Get Free Report) last announced its earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The business 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
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG increased its holdings in Investors Title by 33.6% during the 4th quarter. Deutsche Bank AG now owns 1,448 shares of the insurance provider's stock worth $343,000 after purchasing an additional 364 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Investors Title during the 4th quarter worth approximately $513,000. Bank of America Corp DE increased its holdings in Investors Title by 6.7% during the 4th quarter. Bank of America Corp DE now owns 7,951 shares of the insurance provider's stock worth $1,882,000 after purchasing an additional 497 shares during the last quarter. Northern Trust Corp increased its holdings in Investors Title by 6.5% during the 4th quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider's stock worth $3,448,000 after purchasing an additional 892 shares during the last quarter. Finally, Barclays PLC increased its holdings in Investors Title by 6.1% during the 4th quarter. Barclays PLC now owns 2,553 shares of the insurance provider's stock worth $604,000 after purchasing an additional 147 shares during the last quarter. 41.40% of the stock is currently owned by hedge funds and other institutional investors.
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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