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

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

Investors Title Trading Down 2.7 %

ITIC opened at $222.36 on Tuesday. The company has a market cap of $418.04 million, a price-to-earnings ratio of 14.72 and a beta of 0.91. The company’s fifty day moving average price is $236.93 and its two-hundred day moving average price is $235.50. 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 large investors have recently modified their holdings of the business. Mountain Hill Investment Partners Corp. bought a new position in shares of Investors Title in the fourth quarter valued at approximately $47,000. Meeder Asset Management Inc. raised its stake in shares of Investors Title by 455.8% during the third quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 196 shares in the last quarter. FMR LLC raised its stake in shares of Investors Title by 73.6% during the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 203 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Investors Title during the third quarter worth approximately $117,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock worth $124,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 41.40% of the company’s stock.

About Investors Title

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.