Investors Title (NASDAQ:ITIC – Get Free Report) announced its quarterly earnings results on Thursday. The insurance provider reported $4.41 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $70.63 million during the quarter. Investors Title had a return on equity of 10.99% and a net margin of 11.83%.
Investors Title Stock Performance
Shares of Investors Title stock traded down $4.25 during trading on Friday, hitting $227.53. 5,697 shares of the stock traded hands, compared to its average volume of 12,353. The stock has a market cap of $427.76 million, a P/E ratio of 15.06 and a beta of 0.91. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40. The company has a fifty day moving average price of $235.36 and a two-hundred day moving average price of $235.64.
Analysts Set New Price Targets
Separately, StockNews.com lowered Investors Title from a “buy” rating to a “hold” rating in a report on Tuesday.
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.
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