Investors Title (NASDAQ:ITIC) Upgraded by StockNews.com to “Buy”

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

Separately, TheStreet upgraded shares of Investors Title from a “c+” rating to a “b-” rating in a research note on Wednesday, January 31st.

Investors Title Stock Performance

NASDAQ ITIC traded up $2.32 during trading on Monday, reaching $161.66. The company’s stock had a trading volume of 1,941 shares, compared to its average volume of 2,241. The firm has a market cap of $303.92 million, a price-to-earnings ratio of 12.21 and a beta of 0.87. Investors Title has a twelve month low of $127.71 and a twelve month high of $171.60. The business’s fifty day moving average price is $158.71 and its 200-day moving average price is $156.64.

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

Institutional Trading of Investors Title

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in Investors Title by 60.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 214 shares of the insurance provider’s stock worth $35,000 after buying an additional 81 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in Investors Title during the fourth quarter worth about $97,000. BNP Paribas Financial Markets boosted its holdings in Investors Title by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock worth $104,000 after buying an additional 169 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Investors Title during the fourth quarter worth about $189,000. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in Investors Title during the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 41.40% of the company’s stock.

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.