Investors Title (ITIC) Rating Increased to Sell at BidaskClub
Investors Title (NASDAQ:ITIC) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
Shares of NASDAQ ITIC opened at $165.70 on Thursday. Investors Title has a 52 week low of $154.15 and a 52 week high of $202.85. The firm has a market capitalization of $313.01 million, a P/E ratio of 13.96 and a beta of 0.39.
Investors Title (NASDAQ:ITIC) last issued its quarterly earnings results on Friday, February 8th. The insurance provider reported $0.07 EPS for the quarter. Investors Title had a return on equity of 11.88% and a net margin of 14.01%. The company had revenue of $32.29 million for the quarter.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Steinberg Global Asset Management boosted its position in Investors Title by 20.0% in the first quarter. Steinberg Global Asset Management now owns 1,800 shares of the insurance provider’s stock worth $360,000 after purchasing an additional 300 shares during the last quarter. Deutsche Bank AG boosted its position in Investors Title by 20.0% in the fourth quarter. Deutsche Bank AG now owns 5,753 shares of the insurance provider’s stock worth $1,015,000 after purchasing an additional 960 shares during the last quarter. Geode Capital Management LLC boosted its position in Investors Title by 14.6% in the fourth quarter. Geode Capital Management LLC now owns 15,063 shares of the insurance provider’s stock worth $2,661,000 after purchasing an additional 1,923 shares during the last quarter. Millennium Management LLC purchased a new position in Investors Title in the fourth quarter worth $304,000. Finally, Metropolitan Life Insurance Co. NY purchased a new position in Investors Title in the fourth quarter worth $89,000. Institutional investors own 42.75% of the company’s stock.
About Investors Title
Investors Title Company, through its subsidiaries, provides 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.
Recommended Story: Trading Strategy Methods for Individual Investors
Receive News & Ratings for Investors Title Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Title and related companies with MarketBeat.com's FREE daily email newsletter.