Investors Title (NASDAQ:ITIC) Rating Increased to Buy at StockNews.com

Investors Title (NASDAQ:ITIC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Investors Title Trading Up 8.2 %

Shares of NASDAQ ITIC traded up $19.59 during midday trading on Wednesday, hitting $257.28. The company’s stock had a trading volume of 37,700 shares, compared to its average volume of 12,786. The stock has a fifty day moving average price of $229.64 and a 200 day moving average price of $199.11. Investors Title has a one year low of $141.41 and a one year high of $259.00. The firm has a market capitalization of $483.69 million, a price-to-earnings ratio of 18.46 and a beta of 0.85.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $4.70 earnings per share (EPS) for the quarter. The company had revenue of $65.38 million for the quarter. Investors Title had a net margin of 11.25% and a return on equity of 10.32%.

Institutional Trading of Investors Title

Hedge funds and other institutional investors have recently bought and sold shares of the company. Canal Capital Management LLC purchased a new position in Investors Title in the 3rd quarter worth approximately $230,000. Ritholtz Wealth Management grew its stake in Investors Title by 9.0% in the 3rd quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock worth $621,000 after buying an additional 223 shares in the last quarter. SG Americas Securities LLC purchased a new position in Investors Title in the 3rd quarter worth approximately $117,000. American Century Companies Inc. grew its stake in Investors Title by 27.0% in the 2nd quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock worth $680,000 after buying an additional 803 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Investors Title by 9.1% in the 2nd quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock worth $376,000 after buying an additional 174 shares in the last quarter. Institutional investors own 41.40% of the company’s stock.

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.