Investors Title (NASDAQ:ITIC) Stock Rating Lowered by StockNews.com

Investors Title (NASDAQ:ITIC) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Investors Title Trading Up 0.8 %

NASDAQ ITIC opened at $272.89 on Thursday. The company has a fifty day simple moving average of $233.21 and a 200 day simple moving average of $202.53. Investors Title has a 12-month low of $141.41 and a 12-month high of $275.48. The company has a market cap of $513.03 million, a P/E ratio of 18.06 and a beta of 0.85.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. lifted its stake in Investors Title by 455.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 196 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Investors Title by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 637 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 169 shares in the last quarter. FMR LLC lifted its position in shares of Investors Title by 73.6% during the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 203 shares in the last quarter. SG Americas Securities LLC purchased a new position in Investors Title during the third quarter worth about $117,000. Finally, Canal Capital Management LLC bought a new stake in Investors Title in the 3rd quarter worth about $230,000. 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.