Investors Title (ITIC) Stock Rating Lowered by BidaskClub

Investors Title (NASDAQ:ITIC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

NASDAQ:ITIC opened at $195.00 on Tuesday. Investors Title has a 52 week low of $158.70 and a 52 week high of $221.88. The stock has a market cap of $370.57, a P/E ratio of 18.30 and a beta of 0.64.

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Investors Title (NASDAQ:ITIC) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.26 EPS for the quarter. Investors Title had a net margin of 15.90% and a return on equity of 12.06%. The business had revenue of $40.58 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in ITIC. JPMorgan Chase & Co. bought a new position in Investors Title in the 3rd quarter valued at about $101,000. MetLife Investment Advisors LLC bought a new position in Investors Title in the 4th quarter valued at about $146,000. OxFORD Asset Management LLP bought a new position in Investors Title in the 3rd quarter valued at about $213,000. Bessemer Group Inc. increased its holdings in Investors Title by 29.4% in the 4th quarter. Bessemer Group Inc. now owns 2,200 shares of the insurance provider’s stock valued at $436,000 after buying an additional 500 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Investors Title by 22.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,700 shares of the insurance provider’s stock valued at $536,000 after buying an additional 500 shares during the period. 42.12% of the stock is currently owned by hedge funds and other 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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