Investors Title (NASDAQ:ITIC) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Investors Title Stock Performance

ITIC traded down $0.75 during midday trading on Wednesday, hitting $256.53. The stock had a trading volume of 672 shares, compared to its average volume of 10,561. The company has a market cap of $482.28 million, a P/E ratio of 18.46 and a beta of 0.85. The business has a fifty day moving average of $229.64 and a 200 day moving average of $199.11. Investors Title has a 1 year low of $141.41 and a 1 year high of $259.00.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Tuesday, August 6th. The insurance provider reported $4.70 earnings per share (EPS) for the quarter. The business had revenue of $65.38 million during the quarter. Investors Title had a return on equity of 10.32% and a net margin of 11.25%.

Investors Title Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Tuesday, September 3rd. Investors Title’s dividend payout ratio (DPR) is presently 13.20%.

Institutional Trading of Investors Title

Institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of Investors Title by 41.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,560 shares of the insurance provider’s stock valued at $581,000 after purchasing an additional 1,037 shares during the period. BNP Paribas Financial Markets boosted its stake 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 during the period. Ritholtz Wealth Management boosted its stake in shares of Investors Title by 9.0% during the third quarter. Ritholtz Wealth Management now owns 2,703 shares of the insurance provider’s stock valued at $621,000 after purchasing an additional 223 shares during the period. American Century Companies Inc. boosted its stake in shares of Investors Title by 27.0% during the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock valued at $680,000 after purchasing an additional 803 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of Investors Title by 4.2% during the first quarter. Empowered Funds LLC now owns 4,302 shares of the insurance provider’s stock valued at $702,000 after purchasing an additional 175 shares during the period. 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.