Wall Street Zen Downgrades Investors Title (NASDAQ:ITIC) to Hold

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

Investors Title Price Performance

ITIC opened at $234.75 on Friday. Investors Title has a fifty-two week low of $190.20 and a fifty-two week high of $288.98. The firm has a market capitalization of $443.68 million, a price-to-earnings ratio of 11.68 and a beta of 0.67. The company’s 50 day moving average price is $232.40 and its two-hundred day moving average price is $245.45.

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

Insider Activity at Investors Title

In other news, Director Jr. Elton C. Parker acquired 538 shares of Investors Title stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $231.00 per share, with a total value of $124,278.00. Following the purchase, the director owned 3,750 shares in the company, valued at $866,250. This trade represents a 16.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 25.96% of the company’s stock.

Institutional Investors Weigh In On Investors Title

A number of institutional investors have recently modified their holdings of ITIC. Royal Bank of Canada boosted its stake in shares of Investors Title by 2.3% in the 1st quarter. Royal Bank of Canada now owns 3,937 shares of the insurance provider’s stock valued at $949,000 after purchasing an additional 88 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Investors Title by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 1,917 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 142 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Investors Title in the 1st quarter valued at $571,000. Invesco Ltd. boosted its stake in shares of Investors Title by 4.0% in the 2nd quarter. Invesco Ltd. now owns 1,622 shares of the insurance provider’s stock valued at $343,000 after purchasing an additional 63 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Investors Title by 4.2% in the 2nd quarter. First Trust Advisors LP now owns 4,749 shares of the insurance provider’s stock valued at $1,003,000 after purchasing an additional 190 shares during the last quarter. 41.40% of the stock is 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. 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.