Investors Title (NASDAQ:ITIC) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Investors Title (NASDAQ:ITIC) from a buy rating to a hold rating in a report issued on Wednesday morning, BidAskClub reports.

Separately, ValuEngine cut shares of Investors Title from a buy rating to a hold rating in a research report on Monday, September 16th.

Shares of ITIC opened at $176.00 on Wednesday. The company has a 50 day moving average price of $158.37 and a 200-day moving average price of $159.05. Investors Title has a fifty-two week low of $134.04 and a fifty-two week high of $198.50. The stock has a market capitalization of $338.98 million, a PE ratio of 14.87 and a beta of 0.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.16 and a current ratio of 1.16.

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

A number of large investors have recently bought and sold shares of the stock. Colony Group LLC purchased a new stake in Investors Title in the second quarter worth about $236,000. Vanguard Group Inc. lifted its holdings in Investors Title by 1.5% in the second quarter. Vanguard Group Inc. now owns 59,979 shares of the insurance provider’s stock worth $10,016,000 after buying an additional 869 shares during the period. BlackRock Inc. lifted its holdings in Investors Title by 1.5% in the second quarter. BlackRock Inc. now owns 106,581 shares of the insurance provider’s stock worth $17,800,000 after buying an additional 1,569 shares during the period. Renaissance Technologies LLC lifted its holdings in Investors Title by 6.5% in the second quarter. Renaissance Technologies LLC now owns 23,100 shares of the insurance provider’s stock worth $3,858,000 after buying an additional 1,400 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Investors Title by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 8,909 shares of the insurance provider’s stock worth $1,488,000 after buying an additional 1,086 shares during the period. 41.98% of the stock is owned by 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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