BidaskClub cut shares of Investors Title (NASDAQ:ITIC) from a sell rating to a strong sell rating in a research report report published on Friday morning, BidAskClub reports.
Shares of NASDAQ:ITIC opened at $140.09 on Friday. Investors Title has a 52 week low of $139.20 and a 52 week high of $199.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.15 and a current ratio of 1.16. The company has a market capitalization of $267.32 million, a PE ratio of 11.73 and a beta of 0.54. The company has a 50 day moving average price of $160.30 and a two-hundred day moving average price of $163.10.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, August 30th.
Large investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new stake in Investors Title in the fourth quarter valued at approximately $121,000. SG Americas Securities LLC increased its stake in Investors Title by 150.1% in the first quarter. SG Americas Securities LLC now owns 1,563 shares of the insurance provider’s stock valued at $247,000 after purchasing an additional 938 shares in the last quarter. Bank of Montreal Can increased its stake in Investors Title by 4,052.9% in the first quarter. Bank of Montreal Can now owns 706 shares of the insurance provider’s stock valued at $111,000 after purchasing an additional 689 shares in the last quarter. Geode Capital Management LLC increased its stake in Investors Title by 14.6% in the fourth quarter. Geode Capital Management LLC now owns 15,063 shares of the insurance provider’s stock valued at $2,661,000 after purchasing an additional 1,923 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in Investors Title in the fourth quarter valued at approximately $89,000. 42.27% 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.
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