Investors Title Company (NASDAQ:ITIC) Short Interest Update

Investors Title Company (NASDAQ:ITIC) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 53,934 shares, a growth of 21.4% from the January 15th total of 44,440 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily trading volume, of 20,951 shares, the short-interest ratio is currently 2.6 days. Based on an average daily trading volume, of 20,951 shares, the short-interest ratio is currently 2.6 days. Currently, 3.9% of the shares of the company are sold short.

Institutional Trading of Investors Title

A number of institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in Investors Title by 2.0% in the 3rd quarter. Rhumbline Advisers now owns 2,160 shares of the insurance provider’s stock valued at $579,000 after purchasing an additional 42 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Investors Title by 34.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 193 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Investors Title by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock worth $201,000 after buying an additional 49 shares in the last quarter. Invesco Ltd. boosted its position in Investors Title by 4.0% during the second quarter. Invesco Ltd. now owns 1,622 shares of the insurance provider’s stock worth $343,000 after acquiring an additional 63 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Investors Title by 2.3% in the 1st quarter. Royal Bank of Canada now owns 3,937 shares of the insurance provider’s stock valued at $949,000 after acquiring an additional 88 shares during the last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.

Investors Title Stock Performance

NASDAQ:ITIC opened at $232.41 on Thursday. The stock has a market capitalization of $439.25 million, a PE ratio of 12.52 and a beta of 0.65. Investors Title has a fifty-two week low of $190.20 and a fifty-two week high of $288.98. The company has a fifty day moving average of $256.22 and a two-hundred day moving average of $256.72.

Investors Title (NASDAQ:ITIC) last released its earnings results on Tuesday, February 17th. The insurance provider reported $3.97 EPS for the quarter. The business had revenue of $69.52 million during the quarter. Investors Title had a net margin of 12.90% and a return on equity of 13.22%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Investors Title in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

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.