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

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

Investors Title Stock Performance

NASDAQ:ITIC opened at $271.60 on Thursday. Investors Title has a fifty-two week low of $141.41 and a fifty-two week high of $283.27. The company has a market cap of $510.61 million, a price-to-earnings ratio of 17.97 and a beta of 0.85. The stock has a fifty day moving average price of $235.29 and a 200-day moving average price of $203.80.

Institutional Trading of Investors Title

Several large investors have recently bought and sold shares of ITIC. O Shaughnessy Asset Management LLC lifted its holdings in shares of Investors Title by 41.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider’s stock worth $581,000 after acquiring an additional 1,037 shares during the last quarter. BNP Paribas Financial Markets increased its position in Investors Title by 36.1% during the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 169 shares in the last quarter. Ritholtz Wealth Management lifted 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 valued at $621,000 after purchasing an additional 223 shares during the last quarter. American Century Companies Inc. boosted its position in Investors Title by 27.0% in the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock valued at $680,000 after buying an additional 803 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Investors Title by 4.2% during the first quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider’s stock worth $702,000 after buying an additional 175 shares during the last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.

About Investors Title

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.