StockNews.com cut shares of Investors Title (NASDAQ:ITIC – Free Report) from a buy rating to a hold rating in a report issued on Friday.
Investors Title Stock Performance
NASDAQ ITIC opened at $241.32 on Friday. Investors Title has a one year low of $146.41 and a one year high of $290.40. The stock has a 50-day moving average of $228.84 and a 200 day moving average of $238.57. The company has a market capitalization of $454.65 million, a price-to-earnings ratio of 14.69 and a beta of 0.97.
Investors Title (NASDAQ:ITIC – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%. The company had revenue of $70.63 million during the quarter.
Investors Title Cuts Dividend
Institutional Investors Weigh In On Investors Title
Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Investors Title by 187.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock valued at $749,000 after purchasing an additional 2,126 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Investors Title by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock valued at $958,000 after purchasing an additional 142 shares during the period. Barclays PLC grew its stake in shares of Investors Title by 127.2% during the 3rd quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,347 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 214 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Investors Title by 33.2% during the 3rd quarter. Jane Street Group LLC now owns 2,096 shares of the insurance provider’s stock valued at $482,000 after purchasing an additional 523 shares during the period. 41.40% of the stock is currently 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.
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