Investors Title (NASDAQ:ITIC) Upgraded at StockNews.com

StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a research report released on Thursday.

Investors Title Stock Up 0.5 %

ITIC opened at $231.82 on Thursday. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40. The company has a fifty day moving average of $229.15 and a 200-day moving average of $238.18. The stock has a market cap of $436.75 million, a PE ratio of 14.11 and a beta of 0.97.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings data on Thursday, February 13th. The insurance provider reported $4.41 earnings per share for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%. The company had revenue of $70.63 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ITIC. Meeder Asset Management Inc. boosted its stake in Investors Title by 455.8% during the third quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 196 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Investors Title by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock worth $958,000 after acquiring an additional 142 shares in the last quarter. FMR LLC boosted its stake in Investors Title by 73.6% during the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 203 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Investors Title by 65.6% during the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock worth $124,000 after acquiring an additional 214 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in Investors Title by 10.8% during the third quarter. Martingale Asset Management L P now owns 1,431 shares of the insurance provider’s stock worth $329,000 after acquiring an additional 140 shares in the last quarter. 41.40% of the stock is 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.