Investors Title (NASDAQ:ITIC) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a research report released on Saturday morning.

Investors Title Price Performance

Investors Title stock opened at $237.43 on Friday. The company has a market capitalization of $447.79 million, a PE ratio of 14.45 and a beta of 0.97. Investors Title has a one year low of $146.41 and a one year high of $290.40. The business has a 50 day simple moving average of $230.64 and a 200 day simple moving average of $239.42.

Investors Title (NASDAQ:ITIC) last posted its earnings results on Thursday, February 13th. The insurance provider reported $4.41 EPS for the quarter. The business had revenue of $70.63 million during the quarter. Investors Title had a return on equity of 11.84% and a net margin of 12.03%.

Investors Title Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 24th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, March 24th. This represents a $1.84 annualized dividend and a dividend yield of 0.77%. Investors Title’s dividend payout ratio (DPR) is presently 11.20%.

Institutional Investors Weigh In On Investors Title

A number of hedge funds and other institutional investors have recently bought and sold shares of ITIC. Mountain Hill Investment Partners Corp. acquired a new stake in Investors Title during the 4th quarter valued at $47,000. FMR LLC increased its holdings in Investors Title by 73.6% during the 3rd quarter. FMR LLC now owns 479 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 203 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Investors Title by 65.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 214 shares in the last quarter. SG Americas Securities LLC increased its holdings in Investors Title by 21.0% during the 4th quarter. SG Americas Securities LLC now owns 616 shares of the insurance provider’s stock valued at $146,000 after purchasing an additional 107 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Investors Title by 225.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 650 shares of the insurance provider’s stock valued at $154,000 after purchasing an additional 450 shares in the last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.

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.