Investors Title (NASDAQ:ITIC) Rating Increased to Buy at StockNews.com

Investors Title (NASDAQ:ITIC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Separately, TheStreet raised Investors Title from a “c+” rating to a “b-” rating in a report on Wednesday, January 31st.

Investors Title Price Performance

Shares of Investors Title stock opened at $160.02 on Monday. The stock has a market capitalization of $300.84 million, a PE ratio of 12.09 and a beta of 0.87. The company’s fifty day simple moving average is $158.74 and its 200-day simple moving average is $156.78. Investors Title has a 1-year low of $127.71 and a 1-year high of $171.60.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings data on Tuesday, February 13th. The insurance provider reported $3.09 earnings per share for the quarter. The firm had revenue of $53.68 million for the quarter. Investors Title had a return on equity of 9.99% and a net margin of 11.03%.

Institutional Trading of Investors Title

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Investors Title by 60.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 214 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 81 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Investors Title during the 4th quarter worth approximately $97,000. BNP Paribas Financial Markets grew its position in Investors Title by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after acquiring an additional 169 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Investors Title in the fourth quarter worth $189,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Investors Title during the fourth quarter worth $203,000. 41.40% of the stock is currently owned by institutional investors.

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.