Investors Title (NASDAQ:ITIC - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.
Investors Title Trading Up 1.4 %
ITIC stock traded up $3.41 during midday trading on Tuesday, hitting $240.91. The stock had a trading volume of 2,363 shares, compared to its average volume of 10,562. Investors Title has a 52 week low of $146.41 and a 52 week high of $290.40. The stock has a 50-day simple moving average of $257.35 and a 200 day simple moving average of $224.06. The firm has a market capitalization of $453.87 million, a price-to-earnings ratio of 15.94 and a beta of 0.89.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its position in shares of 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 purchasing an additional 196 shares in the last quarter. FMR LLC grew its stake in Investors Title by 73.6% during 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. SG Americas Securities LLC acquired a new stake in shares of Investors Title during the third quarter worth approximately $117,000. BNP Paribas Financial Markets raised 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 valued at $124,000 after acquiring an additional 214 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Investors Title in the 3rd quarter worth approximately $226,000. 41.40% of the stock is owned by institutional investors.
About Investors Title
(
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.
See Also
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 likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
