Investors Title Company (NASDAQ:ITIC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Investors Title (ITIC) traded up 2.04% during mid-day trading on Monday, reaching $182.73. The company’s stock had a trading volume of 4,585 shares. Investors Title has a 52-week low of $93.78 and a 52-week high of $199.75. The stock has a market cap of $344.81 million, a PE ratio of 14.90 and a beta of 0.80. The company has a 50 day moving average of $177.39 and a 200-day moving average of $177.18.

Investors Title (NASDAQ:ITIC) last announced its quarterly earnings results on Friday, August 4th. The insurance provider reported $2.99 earnings per share for the quarter. The firm had revenue of $40.13 million for the quarter. Investors Title had a return on equity of 14.73% and a net margin of 14.79%. Equities analysts forecast that Investors Title will post $2.03 earnings per share for the current year.

WARNING: “Investors Title Company (ITIC) Cut to Hold at ValuEngine” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/03/investors-title-company-itic-cut-to-hold-at-valuengine.html.

Several hedge funds have recently bought and sold shares of ITIC. Vanguard Group Inc. raised its stake in Investors Title by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 43,967 shares of the insurance provider’s stock valued at $8,505,000 after acquiring an additional 2,225 shares during the period. State Street Corp lifted its holdings in Investors Title by 11.4% during the 2nd quarter. State Street Corp now owns 21,660 shares of the insurance provider’s stock valued at $4,189,000 after purchasing an additional 2,223 shares during the last quarter. BB&T Securities LLC lifted its holdings in Investors Title by 5.6% during the 2nd quarter. BB&T Securities LLC now owns 7,121 shares of the insurance provider’s stock valued at $1,377,000 after purchasing an additional 379 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Investors Title by 33.3% during the 2nd quarter. California Public Employees Retirement System now owns 6,400 shares of the insurance provider’s stock valued at $1,238,000 after purchasing an additional 1,600 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in Investors Title by 4.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,063 shares of the insurance provider’s stock valued at $786,000 after purchasing an additional 164 shares during the last quarter. 42.16% of the stock is currently owned by institutional investors and hedge funds.

Investors Title Company Profile

Investors Title Company is an insurance holding company. The Company, through its subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC), is engaged in issuance of residential and commercial title insurance, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC).

Receive News & Stock Ratings for Investors Title Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Title Company and related stocks with our FREE daily email newsletter.