Wall Street Zen Upgrades Investors Title (NASDAQ:ITIC) to “Buy”

Investors Title (NASDAQ:ITIC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Investors Title presently has a consensus rating of “Buy”.

Investors Title Stock Up 2.0%

ITIC stock opened at $296.58 on Tuesday. Investors Title has a twelve month low of $207.73 and a twelve month high of $297.31. The company has a market cap of $560.54 million, a PE ratio of 14.76 and a beta of 0.63. The business’s 50-day simple moving average is $263.68 and its 200 day simple moving average is $247.50.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings results 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 for the quarter. Investors Title had a return on equity of 14.03% and a net margin of 13.59%.

Insiders Place Their Bets

In other Investors Title news, Director Jr. Elton C. Parker bought 538 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $231.00 per share, with a total value of $124,278.00. Following the completion of the purchase, the director directly owned 3,750 shares in the company, valued at $866,250. The trade was a 16.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 25.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Investors Title

Institutional investors have recently added to or reduced their stakes in the stock. Aristides Capital LLC raised its holdings in shares of Investors Title by 13.6% in the 1st quarter. Aristides Capital LLC now owns 18,953 shares of the insurance provider’s stock worth $4,119,000 after buying an additional 2,273 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Investors Title by 6.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock valued at $201,000 after buying an additional 49 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Investors Title in the 4th quarter valued at $224,000. HRT Financial LP bought a new stake in Investors Title in the fourth quarter valued at $268,000. Finally, Meeder Asset Management Inc. grew its position in Investors Title by 13.1% in the fourth quarter. Meeder Asset Management Inc. now owns 1,068 shares of the insurance provider’s stock valued at $267,000 after acquiring an additional 124 shares during the period. 41.40% of the stock is owned by institutional investors and hedge funds.

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.