Investors Title (NASDAQ:ITIC) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Separately, ValuEngine lowered shares of Investors Title from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

Investors Title (NASDAQ ITIC) traded down $3.47 during mid-day trading on Tuesday, reaching $187.52. 3,684 shares of the company’s stock traded hands, compared to its average volume of 3,374. Investors Title has a 12-month low of $118.10 and a 12-month high of $203.97. The company has a market capitalization of $359.67, a price-to-earnings ratio of 17.09 and a beta of 0.81.

A number of hedge funds have recently added to or reduced their stakes in ITIC. Vanguard Group Inc. boosted its holdings in shares of Investors Title by 5.3% during the second quarter. Vanguard Group Inc. now owns 43,967 shares of the insurance provider’s stock valued at $8,505,000 after acquiring an additional 2,225 shares during the period. State Street Corp boosted its holdings in shares of Investors Title by 11.4% during the second quarter. State Street Corp now owns 21,660 shares of the insurance provider’s stock valued at $4,189,000 after acquiring an additional 2,223 shares during the period. BB&T Securities LLC boosted its holdings in shares of Investors Title by 5.6% during the second quarter. BB&T Securities LLC now owns 7,121 shares of the insurance provider’s stock valued at $1,377,000 after acquiring an additional 379 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Investors Title by 33.3% during the second quarter. California Public Employees Retirement System now owns 6,400 shares of the insurance provider’s stock valued at $1,238,000 after acquiring an additional 1,600 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Investors Title by 4.2% during the second quarter. TIAA CREF Investment Management LLC now owns 4,063 shares of the insurance provider’s stock valued at $786,000 after acquiring an additional 164 shares during the period. Hedge funds and other institutional investors own 41.87% of the company’s stock.

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About Investors Title

Investors Title Company is an insurance holding company. The Company, through its subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC), is engaged in issuance of residential and commercial title insurance, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC).

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