StockNews.com Upgrades Investors Title (NASDAQ:ITIC) to "Buy"

StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC - Free Report) from a hold rating to a buy rating in a research report released on Saturday.

Investors Title Trading Down 1.3 %

Shares of Investors Title stock traded down $3.04 during trading hours on Friday, hitting $239.69. 5,054 shares of the company were exchanged, compared to its average volume of 12,431. The business has a 50-day moving average of $231.14 and a 200-day moving average of $239.66. Investors Title has a 1 year low of $146.41 and a 1 year high of $290.40. The stock has a market capitalization of $452.06 million, a price-to-earnings ratio of 14.59 and a beta of 0.97.

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

Investors Title Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 24th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.84 annualized dividend and a dividend yield of 0.77%. Investors Title's dividend payout ratio is currently 11.20%.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Investors Title during the 4th quarter worth $47,000. FMR LLC boosted its holdings 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 in the last quarter. BNP Paribas Financial Markets grew its position in Investors Title by 65.6% during 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 period. SG Americas Securities LLC increased its holdings in Investors Title by 21.0% in the fourth quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider's stock valued at $146,000 after buying an additional 107 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Investors Title by 225.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider's stock valued at $154,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 41.40% of the company's stock.

About Investors Title

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.