Investors Title (NASDAQ:ITIC – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.
Investors Title Price Performance
Shares of NASDAQ ITIC traded up $2.72 during midday trading on Monday, hitting $217.54. 17,525 shares of the company’s stock were exchanged, compared to its average volume of 17,389. The firm’s fifty day simple moving average is $256.91 and its 200-day simple moving average is $229.50. The company has a market cap of $409.85 million, a PE ratio of 14.40 and a beta of 0.92. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40.
Institutional Investors Weigh In On Investors Title
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in Investors Title by 187.5% in the third quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock valued at $749,000 after acquiring an additional 2,126 shares in the last quarter. Trust Co of the South purchased a new stake in shares of Investors Title in the 4th quarter valued at about $322,000. Barclays PLC boosted its position in shares of Investors Title by 127.2% in the 3rd quarter. Barclays PLC now owns 2,406 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 1,347 shares during the period. PDT Partners LLC purchased a new position in Investors Title during the 3rd quarter worth approximately $267,000. Finally, Canal Capital Management LLC acquired a new position in Investors Title during the third quarter worth approximately $230,000. 41.40% of the stock is currently owned by institutional investors and hedge funds.
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.
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