Investors Title (NASDAQ:ITIC) Rating Lowered to Hold at StockNews.com

Investors Title (NASDAQ:ITIC) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Investors Title Stock Performance

ITIC stock opened at $224.52 on Tuesday. Investors Title has a one year low of $146.41 and a one year high of $290.40. The company has a market capitalization of $422.10 million, a PE ratio of 14.86 and a beta of 0.91. The company’s 50 day moving average price is $238.76 and its two-hundred day moving average price is $235.44.

Institutional Trading of Investors Title

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in Investors Title during the 4th quarter valued at $222,000. Bank of New York Mellon Corp raised its stake in shares of Investors Title by 21.9% during the fourth quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider’s stock valued at $3,485,000 after acquiring an additional 2,648 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Investors Title by 21.0% during the fourth quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 107 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Investors Title by 225.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider’s stock worth $154,000 after purchasing an additional 450 shares during the last quarter. Finally, Trust Co of the South purchased a new position in Investors Title during the 4th quarter valued at about $322,000. Hedge funds and other 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.