Investors Title (ITIC) Rating Lowered to Sell at BidaskClub
BidaskClub lowered shares of Investors Title (NASDAQ:ITIC) from a hold rating to a sell rating in a research report report published on Saturday.
Shares of Investors Title (ITIC) opened at $196.63 on Friday. Investors Title has a 12 month low of $126.00 and a 12 month high of $221.88. The company has a market cap of $370.84, a P/E ratio of 18.27 and a beta of 0.69.
Investors Title (NASDAQ:ITIC) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.26 earnings per share (EPS) for the quarter. Investors Title had a net margin of 15.90% and a return on equity of 12.28%. The company had revenue of $40.58 million during the quarter.
Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Investors Title during the 3rd quarter valued at $101,000. MetLife Investment Advisors LLC purchased a new stake in shares of Investors Title during the 4th quarter valued at $146,000. OxFORD Asset Management LLP purchased a new stake in shares of Investors Title during the 3rd quarter valued at $213,000. The Manufacturers Life Insurance Company grew its stake in shares of Investors Title by 2.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,284 shares of the insurance provider’s stock valued at $249,000 after buying an additional 36 shares during the period. Finally, Alliancebernstein L.P. purchased a new stake in shares of Investors Title during the 2nd quarter valued at $251,000. 41.81% of the stock is owned by institutional investors.
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About Investors Title
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).
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