Investors Title (NASDAQ:ITIC) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Investors Title (NASDAQ:ITIC) from a buy rating to a hold rating in a research note released on Tuesday.

Investors Title Stock Up 4.2 %

Investors Title stock opened at $231.78 on Tuesday. Investors Title has a 52-week low of $146.41 and a 52-week high of $290.40. The firm has a market capitalization of $435.75 million, a price-to-earnings ratio of 15.34 and a beta of 0.91. The company has a fifty day simple moving average of $236.93 and a 200-day simple moving average of $235.50.

Investors Title (NASDAQ:ITIC) last released its earnings results on Thursday, February 13th. The insurance provider reported $4.41 earnings per share (EPS) for the quarter. Investors Title had a net margin of 11.83% and a return on equity of 10.99%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mountain Hill Investment Partners Corp. purchased a new stake in Investors Title during the fourth quarter worth about $47,000. Meeder Asset Management Inc. increased its stake in Investors Title by 455.8% during the third quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 196 shares during the period. FMR LLC increased its stake in shares of 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 period. SG Americas Securities LLC purchased a new stake in shares of Investors Title during the third quarter worth approximately $117,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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. 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.