Oppenheimer & Co. Inc. Trims Stock Holdings in Investors Title (NASDAQ:ITIC)

Oppenheimer & Co. Inc. trimmed its holdings in Investors Title (NASDAQ:ITIC) by 15.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,766 shares of the insurance provider’s stock after selling 1,239 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.36% of Investors Title worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Investors Title by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider’s stock valued at $7,648,000 after purchasing an additional 809 shares during the period. Bank of New York Mellon Corp boosted its holdings in Investors Title by 21.9% in the 4th quarter. Bank of New York Mellon Corp now owns 14,721 shares of the insurance provider’s stock valued at $3,485,000 after purchasing an additional 2,648 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Investors Title by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after purchasing an additional 142 shares during the period. JPMorgan Chase & Co. boosted its holdings in Investors Title by 187.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock valued at $749,000 after purchasing an additional 2,126 shares during the period. Finally, Barclays PLC boosted its holdings in Investors Title by 127.2% in the 3rd quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,347 shares during the period. 41.40% of the stock is currently owned by hedge funds and other institutional investors.

Investors Title Stock Down 0.7 %

Shares of NASDAQ:ITIC opened at $235.63 on Tuesday. The stock has a market cap of $443.93 million, a PE ratio of 14.34 and a beta of 0.91. The company’s fifty day moving average is $229.89 and its 200 day moving average is $237.95. Investors Title has a 52 week low of $146.41 and a 52 week high of $290.40.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The company had revenue of $70.63 million for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Investors Title from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th.

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.