Investors Title (NASDAQ:ITIC) Stock Rating Upgraded by StockNews.com

Investors Title (NASDAQ:ITIC) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Investors Title Price Performance

Shares of ITIC opened at $246.58 on Wednesday. Investors Title has a 1 year low of $141.41 and a 1 year high of $259.00. The company has a 50 day simple moving average of $230.06 and a two-hundred day simple moving average of $199.44. The firm has a market cap of $463.57 million, a P/E ratio of 17.69 and a beta of 0.85.

Investors Title (NASDAQ:ITIC) last posted its earnings results on Tuesday, August 6th. The insurance provider reported $4.70 EPS for the quarter. The firm had revenue of $65.38 million during the quarter. Investors Title had a return on equity of 10.32% and a net margin of 11.25%.

Institutional Trading of Investors Title

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in shares of Investors Title by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after buying an additional 169 shares during the period. Empowered Funds LLC grew its stake in shares of Investors Title by 4.2% during the first quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider’s stock worth $702,000 after acquiring an additional 175 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Investors Title by 0.9% during the first quarter. Vanguard Group Inc. now owns 67,743 shares of the insurance provider’s stock worth $11,055,000 after acquiring an additional 591 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Investors Title by 41.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider’s stock worth $581,000 after acquiring an additional 1,037 shares during the last quarter. Finally, Aristides Capital LLC purchased a new stake in shares of Investors Title during the first quarter worth about $1,648,000. 41.40% of the stock is currently owned by institutional investors.

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.