ValuEngine Lowers Investors Title (NASDAQ:ITIC) to Hold

ValuEngine cut shares of Investors Title (NASDAQ:ITIC) from a buy rating to a hold rating in a research note issued to investors on Monday, ValuEngine reports.

Separately, BidaskClub raised Investors Title from a sell rating to a hold rating in a report on Wednesday, September 4th.

Shares of NASDAQ:ITIC opened at $155.99 on Monday. Investors Title has a 12 month low of $134.04 and a 12 month high of $198.50. The stock has a market cap of $294.82 million, a price-to-earnings ratio of 13.42 and a beta of 0.58. The stock’s 50 day moving average price is $150.34 and its 200 day moving average price is $159.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.16 and a quick ratio of 1.16.



Investors Title (NASDAQ:ITIC) last announced its earnings results on Monday, August 5th. The insurance provider reported $2.90 EPS for the quarter. Investors Title had a return on equity of 12.34% and a net margin of 14.03%. The firm had revenue of $42.73 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.60 annualized dividend and a dividend yield of 1.03%.

Several hedge funds and other institutional investors have recently bought and sold shares of ITIC. BNP Paribas Arbitrage SA increased its holdings in shares of Investors Title by 722.9% in the first quarter. BNP Paribas Arbitrage SA now owns 288 shares of the insurance provider’s stock valued at $45,000 after buying an additional 253 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of 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 buying an additional 689 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of 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 buying an additional 938 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Investors Title by 151.2% in the first quarter. New York State Common Retirement Fund now owns 6,270 shares of the insurance provider’s stock valued at $990,000 after buying an additional 3,774 shares in the last quarter. Finally, Strs Ohio increased its holdings in shares of Investors Title by 6.7% in the second quarter. Strs Ohio now owns 3,200 shares of the insurance provider’s stock valued at $534,000 after buying an additional 200 shares in the last quarter. 41.98% of the stock is currently owned by institutional investors.

Investors Title Company Profile

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.

Further Reading: Limitations of the P/E Growth ratio

To view ValuEngine’s full report, visit ValuEngine’s official website.

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