StockNews.com Upgrades Investors Title (NASDAQ:ITIC) to Buy

Investors Title (NASDAQ:ITIC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Investors Title Price Performance

Shares of ITIC opened at $237.43 on Friday. The company has a market capitalization of $447.32 million, a PE ratio of 14.45 and a beta of 0.97. Investors Title has a one year low of $146.41 and a one year high of $290.40. The company’s fifty day moving average price is $230.64 and its 200 day moving average price is $239.30.

Investors Title (NASDAQ:ITIC) last announced its earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The firm had revenue of $70.63 million for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in shares of Investors Title by 33.6% during the 4th quarter. Deutsche Bank AG now owns 1,448 shares of the insurance provider’s stock worth $343,000 after purchasing an additional 364 shares during the period. Citadel Advisors LLC bought a new position in shares of Investors Title during the 4th quarter worth about $513,000. Bank of America Corp DE increased its holdings in shares of Investors Title by 6.7% during the 4th quarter. Bank of America Corp DE now owns 7,951 shares of the insurance provider’s stock worth $1,882,000 after purchasing an additional 497 shares during the period. Northern Trust Corp increased its holdings in shares of Investors Title by 6.5% during the 4th quarter. Northern Trust Corp now owns 14,562 shares of the insurance provider’s stock worth $3,448,000 after purchasing an additional 892 shares during the period. Finally, Barclays PLC increased its holdings in shares of Investors Title by 6.1% during the 4th quarter. Barclays PLC now owns 2,553 shares of the insurance provider’s stock worth $604,000 after purchasing an additional 147 shares during the period. 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.