Investors Title (NASDAQ:ITIC) Lifted to Buy at BidaskClub

Investors Title (NASDAQ:ITIC) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Tuesday, BidAskClub reports.

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

NASDAQ:ITIC opened at $174.49 on Tuesday. 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 $329.58 million, a P/E ratio of 14.46 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. The company’s 50-day simple moving average is $161.26 and its 200-day simple moving average is $159.44.

Investors Title (NASDAQ:ITIC) last released 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 business had revenue of $42.73 million for the quarter.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Investors Title by 1.5% in the 2nd quarter. BlackRock Inc. now owns 106,581 shares of the insurance provider’s stock valued at $17,800,000 after buying an additional 1,569 shares in the last quarter. Vanguard Group Inc. boosted its stake in Investors Title by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 59,979 shares of the insurance provider’s stock worth $10,016,000 after purchasing an additional 869 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Investors Title by 6.5% in the 2nd quarter. Renaissance Technologies LLC now owns 23,100 shares of the insurance provider’s stock worth $3,858,000 after purchasing an additional 1,400 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Investors Title by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,909 shares of the insurance provider’s stock worth $1,488,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Investors Title by 5.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,294 shares of the insurance provider’s stock worth $551,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 41.98% of the company’s stock.

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.

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