Investors Title (NASDAQ:ITIC) Sets New 12-Month High – Still a Buy?

Shares of Investors Title (NASDAQ:ITIC) hit a new 52-week high during trading on Tuesday . The stock traded as high as $270.00 and last traded at $270.00, with a volume of 5814 shares. The stock had previously closed at $259.38.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Investors Title from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th.

Investors Title Stock Up 3.3 %

The business’s fifty day moving average price is $231.27 and its 200 day moving average price is $201.25. The firm has a market capitalization of $504.93 million, a PE ratio of 17.17 and a beta of 0.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its position in Investors Title by 41.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider’s stock worth $581,000 after purchasing an additional 1,037 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Investors Title by 36.1% during the 1st 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 period. Ritholtz Wealth Management boosted its holdings in Investors Title by 9.0% during the third quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock valued at $621,000 after acquiring an additional 223 shares during the period. American Century Companies Inc. grew its stake in shares of Investors Title by 27.0% in the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after acquiring an additional 803 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Investors Title by 4.2% during the 1st quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider’s stock valued at $702,000 after purchasing an additional 175 shares during the last quarter. 41.40% of the stock is currently owned by hedge funds and other 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.