Investors Title (NASDAQ:ITIC) Upgraded at StockNews.com

StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a research report report published on Monday.

Separately, TheStreet raised Investors Title from a c+ rating to a b- rating in a research note on Wednesday, January 31st.

Investors Title Price Performance

Shares of NASDAQ ITIC opened at $161.66 on Monday. The stock has a market cap of $303.92 million, a PE ratio of 12.21 and a beta of 0.87. Investors Title has a 1 year low of $127.71 and a 1 year high of $171.60. The firm has a fifty day moving average price of $158.71 and a 200-day moving average price of $156.64.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Tuesday, February 13th. The insurance provider reported $3.09 earnings per share for the quarter. The company had revenue of $53.68 million during the quarter. Investors Title had a net margin of 11.03% and a return on equity of 9.99%.

Investors Title Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were given a dividend of $0.46 per share. The ex-dividend date was Friday, March 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.14%. Investors Title’s dividend payout ratio is 13.90%.

Institutional Trading of Investors Title

A number of institutional investors and hedge funds have recently bought and sold shares of ITIC. Tower Research Capital LLC TRC boosted its holdings in shares of Investors Title by 60.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 214 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 81 shares during the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Investors Title in the fourth quarter worth about $97,000. BNP Paribas Financial Markets boosted its stake in Investors Title by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after buying an additional 169 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Investors Title during the 4th quarter valued at approximately $189,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in Investors Title in the 4th quarter worth approximately $203,000. 41.40% of the stock is currently owned by institutional investors.

Investors Title Company Profile

Investors Title Company engages in the issuance of residential and commercial 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.