Investors Title (NASDAQ:ITIC) Stock Rating Upgraded by Wall Street Zen

Investors Title (NASDAQ:ITIC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

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

Investors Title Price Performance

Shares of Investors Title stock opened at $284.44 on Tuesday. The stock’s 50-day moving average is $261.57 and its 200 day moving average is $246.91. Investors Title has a one year low of $207.73 and a one year high of $291.43. The firm has a market cap of $537.59 million, a price-to-earnings ratio of 14.15 and a beta of 0.63.

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

Insiders Place Their Bets

In other news, Director Jr. Elton C. Parker purchased 538 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $231.00 per share, for a total transaction of $124,278.00. Following the completion of the acquisition, the director owned 3,750 shares in the company, valued at approximately $866,250. The trade was a 16.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 25.96% of the company’s stock.

Institutional Investors Weigh In On Investors Title

Hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its holdings in shares of Investors Title by 18.7% during the third quarter. Two Sigma Investments LP now owns 42,303 shares of the insurance provider’s stock valued at $11,330,000 after acquiring an additional 6,673 shares in the last quarter. Geode Capital Management LLC grew its position in Investors Title by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 36,696 shares of the insurance provider’s stock valued at $9,163,000 after purchasing an additional 777 shares during the period. State Street Corp increased its stake in Investors Title by 7.6% during the 4th quarter. State Street Corp now owns 30,049 shares of the insurance provider’s stock valued at $7,501,000 after purchasing an additional 2,127 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Investors Title by 110.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 20,140 shares of the insurance provider’s stock valued at $5,028,000 after purchasing an additional 10,589 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Investors Title by 27.1% during the 4th quarter. BNP Paribas Financial Markets now owns 20,015 shares of the insurance provider’s stock valued at $4,997,000 after purchasing an additional 4,268 shares in the last quarter. Institutional investors and hedge funds own 41.40% of the company’s stock.

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. 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.