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

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

Investors Title Price Performance

Shares of NASDAQ ITIC traded up $2.72 during midday trading on Monday, hitting $217.54. The company’s stock had a trading volume of 17,525 shares, compared to its average volume of 17,389. The firm has a market capitalization of $409.85 million, a price-to-earnings ratio of 14.40 and a beta of 0.92. The business’s fifty day simple moving average is $256.91 and its two-hundred day simple moving average is $229.50. Investors Title has a 1 year low of $146.41 and a 1 year high of $290.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in Investors Title by 3.5% in the 3rd 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. BNP Paribas Financial Markets raised its holdings in Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 214 shares in the last quarter. Barclays PLC lifted its stake 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 acquiring an additional 1,347 shares during the last quarter. Jane Street Group LLC grew its holdings in Investors Title by 33.2% during the 3rd quarter. Jane Street Group LLC now owns 2,096 shares of the insurance provider’s stock worth $482,000 after acquiring an additional 523 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Investors Title by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider’s stock worth $7,648,000 after acquiring an additional 809 shares in the last quarter. 41.40% of the stock is currently owned by hedge funds and other institutional investors.

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.