BidaskClub cut shares of Investors Title (NASDAQ:ITIC) from a buy rating to a hold rating in a report released on Friday morning.
NASDAQ ITIC opened at $173.90 on Friday. Investors Title has a 12-month low of $156.00 and a 12-month high of $209.95. The company has a market capitalization of $331.44 million, a PE ratio of 12.80 and a beta of 0.47.
Investors Title (NASDAQ:ITIC) last issued its earnings results on Friday, November 2nd. The insurance provider reported $5.61 EPS for the quarter. The firm had revenue of $48.26 million for the quarter. Investors Title had a return on equity of 14.11% and a net margin of 19.07%.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Investors Title by 2.4% during the 2nd quarter. BlackRock Inc. now owns 106,521 shares of the insurance provider’s stock worth $19,669,000 after acquiring an additional 2,538 shares during the period. Vanguard Group Inc. increased its stake in shares of Investors Title by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 57,170 shares of the insurance provider’s stock worth $9,599,000 after acquiring an additional 1,387 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Investors Title by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 57,170 shares of the insurance provider’s stock valued at $9,599,000 after buying an additional 1,387 shares during the period. FMR LLC increased its position in Investors Title by 29.6% during the second quarter. FMR LLC now owns 30,492 shares of the insurance provider’s stock worth $5,631,000 after buying an additional 6,971 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Investors Title by 6.3% during the third quarter. Renaissance Technologies LLC now owns 20,200 shares of the insurance provider’s stock worth $3,392,000 after purchasing an additional 1,200 shares in the last quarter. 42.50% of the stock is owned by hedge funds and other institutional investors.
About Investors Title
Investors Title Company, through its subsidiaries, provides 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.
Receive News & Ratings for Investors Title Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Title and related companies with MarketBeat.com's FREE daily email newsletter.