Investors Title (ITIC) Rating Lowered to Strong Sell at BidaskClub

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Investors Title (NASDAQ:ITIC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Friday.

ITIC opened at $170.75 on Friday. The firm has a market cap of $340.10 million, a PE ratio of 16.02 and a beta of 0.58. Investors Title has a fifty-two week low of $162.67 and a fifty-two week high of $221.88.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Monday, August 6th. The insurance provider reported $3.66 EPS for the quarter. The business had revenue of $41.94 million during the quarter. Investors Title had a return on equity of 11.94% and a net margin of 16.73%.

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Investors Title in the first quarter worth $108,000. UBS Group AG boosted its position in shares of Investors Title by 99.0% in the first quarter. UBS Group AG now owns 1,835 shares of the insurance provider’s stock worth $366,000 after buying an additional 913 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Investors Title by 46.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 7,000 shares of the insurance provider’s stock worth $472,000 after buying an additional 2,225 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Investors Title by 27.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,450 shares of the insurance provider’s stock worth $690,000 after buying an additional 750 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Investors Title by 6.0% in the second quarter. California Public Employees Retirement System now owns 5,420 shares of the insurance provider’s stock worth $1,001,000 after buying an additional 307 shares during the period. 42.78% of the stock is owned by institutional investors and hedge funds.

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.

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