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

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

Separately, TheStreet raised shares of Investors Title from a “c+” rating to a “b-” rating in a report on Wednesday, January 31st.

Investors Title Trading Up 1.5 %

ITIC stock traded up $2.32 during mid-day trading on Monday, hitting $161.66. 1,941 shares of the company were exchanged, compared to its average volume of 2,241. The company has a market capitalization of $303.92 million, a PE ratio of 12.21 and a beta of 0.87. Investors Title has a twelve month low of $127.71 and a twelve month high of $171.60. The firm has a fifty day simple moving average of $158.71 and a 200 day simple moving average of $156.64.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings data on Tuesday, February 13th. The insurance provider reported $3.09 earnings per share for the quarter. Investors Title had a net margin of 11.03% and a return on equity of 9.99%. The company had revenue of $53.68 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new position in Investors Title during the 4th quarter valued at about $707,000. Blair William & Co. IL acquired a new position in Investors Title during the 3rd quarter valued at about $205,000. O Shaughnessy Asset Management LLC boosted its stake in Investors Title by 26.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,328 shares of the insurance provider’s stock valued at $345,000 after purchasing an additional 493 shares during the period. Private Management Group Inc. acquired a new position in Investors Title during the 4th quarter valued at about $209,000. Finally, Franklin Street Advisors Inc. NC acquired a new position in Investors Title during the 4th quarter valued at about $203,000. 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.