Investors Title (NASDAQ:ITIC) Downgraded by Wall Street Zen to “Hold”

Investors Title (NASDAQ:ITIC) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Monday.

Separately, Weiss Ratings raised Investors Title from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Investors Title Stock Performance

ITIC opened at $289.22 on Monday. The business’s 50-day simple moving average is $255.95 and its 200 day simple moving average is $245.55. Investors Title has a 52-week low of $200.95 and a 52-week high of $291.44. The firm has a market capitalization of $546.63 million, a PE ratio of 14.39 and a beta of 0.63.

Investors Title (NASDAQ:ITIC) last posted its quarterly earnings results on Thursday, May 7th. The insurance provider reported $3.20 earnings per share for the quarter. The firm had revenue of $63.49 million during the quarter. Investors Title had a return on equity of 14.03% and a net margin of 13.59%.

Insider Buying and Selling

In other Investors Title news, Director Jr. Elton C. Parker purchased 538 shares of the stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $231.00 per share, with a total value of $124,278.00. Following the completion of the transaction, the director directly owned 3,750 shares in the company, valued at $866,250. This represents a 16.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 25.96% of the company’s stock.

Institutional Trading of Investors Title

Several institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position 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 valued at $201,000 after purchasing an additional 49 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Investors Title during the 4th quarter worth about $224,000. HRT Financial LP acquired a new position in Investors Title in the 4th quarter valued at about $268,000. Meeder Asset Management Inc. grew its stake in Investors Title by 13.1% in the 4th quarter. Meeder Asset Management Inc. now owns 1,068 shares of the insurance provider’s stock valued at $267,000 after buying an additional 124 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in Investors Title in the 4th quarter valued at about $265,000. 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. 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.