Investors Title (NASDAQ:ITIC) Raised to “Buy” at StockNews.com

Investors Title (NASDAQ:ITIC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Investors Title Stock Down 2.1 %

NASDAQ:ITIC opened at $237.43 on Friday. Investors Title has a 52 week low of $146.41 and a 52 week high of $290.40. The company has a market cap of $447.79 million, a PE ratio of 14.45 and a beta of 0.97. The business’s 50 day moving average is $230.64 and its two-hundred day moving average is $239.53.

Investors Title (NASDAQ:ITIC) last posted its quarterly 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 business had revenue of $70.63 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Investors Title by 187.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock valued at $749,000 after acquiring an additional 2,126 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Investors Title by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after purchasing an additional 142 shares in the last quarter. Barclays PLC lifted its holdings in Investors Title by 127.2% in the third quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock worth $553,000 after purchasing an additional 1,347 shares during the period. BNP Paribas Financial Markets grew its position in Investors Title by 65.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after buying an additional 214 shares in the last quarter. Finally, Jane Street Group LLC grew its position in Investors Title by 33.2% in the 3rd quarter. Jane Street Group LLC now owns 2,096 shares of the insurance provider’s stock valued at $482,000 after buying an additional 523 shares in the last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.

Investors Title Company Profile

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.