Investors Title (NASDAQ:ITIC) Rating Lowered to Hold at Wall Street Zen

Investors Title (NASDAQ:ITIC) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Weiss Ratings upgraded Investors Title from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Investors Title Price Performance

ITIC opened at $286.49 on Monday. The stock has a market cap of $541.47 million, a P/E ratio of 14.25 and a beta of 0.63. The stock’s 50 day simple moving average is $257.98 and its 200 day simple moving average is $246.07. Investors Title has a 1-year low of $200.95 and a 1-year high of $291.43.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings data on Thursday, May 7th. The insurance provider reported $3.20 earnings per share (EPS) for the quarter. The firm had revenue of $63.49 million during the quarter. Investors Title had a return on equity of 14.03% and a net margin of 13.59%.

Insider Transactions at Investors Title

In other news, Director Jr. Elton C. Parker purchased 538 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $231.00 per share, with a total value of $124,278.00. Following the purchase, the director directly owned 3,750 shares of the company’s stock, valued at approximately $866,250. This trade represents a 16.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 25.96% of the company’s stock.

Hedge Funds Weigh In On Investors Title

Several institutional investors and hedge funds have recently modified their holdings of ITIC. Caitong International Asset Management Co. Ltd acquired a new stake in Investors Title during the fourth quarter worth approximately $36,000. CANADA LIFE ASSURANCE Co raised its holdings in Investors Title by 34.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 193 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 49 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Investors Title by 357.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider’s stock valued at $83,000 after acquiring an additional 243 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Investors Title by 6.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock worth $201,000 after purchasing an additional 49 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Investors Title during the 4th quarter worth $224,000. 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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.