Investors Title (NASDAQ:ITIC – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.
Investors Title Stock Performance
ITIC stock opened at $240.91 on Tuesday. The firm has a market cap of $453.87 million, a PE ratio of 15.94 and a beta of 0.89. Investors Title has a fifty-two week low of $146.41 and a fifty-two week high of $290.40. The firm has a fifty day moving average price of $257.35 and a 200 day moving average price of $224.06.
Hedge Funds Weigh In On Investors Title
A number of hedge funds and other institutional investors have recently modified their holdings of ITIC. Meeder Asset Management Inc. lifted its holdings in shares of Investors Title by 455.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 196 shares during the last quarter. FMR LLC raised its position in Investors Title by 73.6% during the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 203 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Investors Title in the 3rd quarter valued at $117,000. BNP Paribas Financial Markets boosted its stake in shares of Investors Title by 65.6% during the 3rd 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, Centiva Capital LP acquired a new position in shares of Investors Title during the 3rd quarter worth approximately $226,000. 41.40% of the stock is currently owned by institutional investors.
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.
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