Investors Title (NASDAQ:ITIC) Rating Lowered to Hold at StockNews.com

Investors Title (NASDAQ:ITIC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Investors Title Stock Performance

Shares of NASDAQ:ITIC opened at $233.48 on Wednesday. The company has a 50 day moving average price of $257.62 and a 200 day moving average price of $226.61. The stock has a market capitalization of $439.88 million, a price-to-earnings ratio of 15.45 and a beta of 0.89. Investors Title has a 1-year low of $146.41 and a 1-year high of $290.40.

Hedge Funds Weigh In On Investors Title

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ITIC. Bank of New York Mellon Corp grew its position in shares of Investors Title by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 12,607 shares of the insurance provider’s stock valued at $2,271,000 after purchasing an additional 710 shares during the last quarter. Ritholtz Wealth Management grew its position in Investors Title by 55.0% in the second quarter. Ritholtz Wealth Management now owns 2,480 shares of the insurance provider’s stock valued at $447,000 after acquiring an additional 880 shares during the period. Rhumbline Advisers increased its position in shares of Investors Title by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 2,088 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 174 shares in the last quarter. American Century Companies Inc. boosted its position in Investors Title by 27.0% in the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock valued at $680,000 after buying an additional 803 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Investors Title during the 3rd quarter worth approximately $117,000. Institutional investors own 41.40% of the company’s stock.

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.