Investors Title (NASDAQ:ITIC) Rating Increased to Hold at BidaskClub

Investors Title (NASDAQ:ITIC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, March 21st.

Shares of ITIC traded down $1.30 during trading hours on Wednesday, reaching $196.10. 2,262 shares of the company’s stock traded hands, compared to its average volume of 2,308. The company has a market cap of $376.46, a PE ratio of 18.59 and a beta of 0.65. Investors Title has a 12 month low of $158.00 and a 12 month high of $221.88.

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Investors Title (NASDAQ:ITIC) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter. The firm had revenue of $40.58 million during the quarter. Investors Title had a return on equity of 12.06% and a net margin of 15.90%.

Several institutional investors and hedge funds have recently modified their holdings of ITIC. Vanguard Group Inc. boosted its position in shares of Investors Title by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 43,967 shares of the insurance provider’s stock valued at $8,505,000 after acquiring an additional 2,225 shares during the last quarter. State Street Corp lifted its position in Investors Title by 11.4% in the 2nd quarter. State Street Corp now owns 21,660 shares of the insurance provider’s stock worth $4,189,000 after buying an additional 2,223 shares during the last quarter. Wells Fargo & Company MN lifted its position in Investors Title by 5.5% in the 4th quarter. Wells Fargo & Company MN now owns 37,173 shares of the insurance provider’s stock worth $7,373,000 after buying an additional 1,954 shares during the last quarter. Deutsche Bank AG lifted its position in Investors Title by 80.7% in the 4th quarter. Deutsche Bank AG now owns 4,271 shares of the insurance provider’s stock worth $845,000 after buying an additional 1,908 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Investors Title by 23.1% in the 4th quarter. Bank of New York Mellon Corp now owns 7,373 shares of the insurance provider’s stock worth $1,463,000 after buying an additional 1,383 shares during the last quarter. Hedge funds and other institutional investors own 42.11% of the company’s stock.

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About Investors Title

Investors Title Company is an insurance holding company. The Company, through its subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC), is engaged in issuance of residential and commercial title insurance, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC).

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