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

Shares of NASDAQ:ITIC opened at $170.75 on Friday. Investors Title has a 1 year low of $162.67 and a 1 year high of $221.88. The firm has a market cap of $340.10 million, a P/E ratio of 16.02 and a beta of 0.58.

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

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Investors Title by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 7,734 shares of the insurance provider’s stock worth $1,428,000 after acquiring an additional 333 shares in the last quarter. California Public Employees Retirement System raised its holdings in Investors Title by 6.0% during the second quarter. California Public Employees Retirement System now owns 5,420 shares of the insurance provider’s stock valued at $1,001,000 after buying an additional 307 shares in the last quarter. Bank of America Corp DE raised its holdings in Investors Title by 906.4% during the second quarter. Bank of America Corp DE now owns 5,545 shares of the insurance provider’s stock valued at $1,023,000 after buying an additional 4,994 shares in the last quarter. FMR LLC raised its holdings in Investors Title by 29.6% during the second quarter. FMR LLC now owns 30,492 shares of the insurance provider’s stock valued at $5,631,000 after buying an additional 6,971 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Investors Title by 2.4% during the second quarter. BlackRock Inc. now owns 106,521 shares of the insurance provider’s stock valued at $19,669,000 after buying an additional 2,538 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

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.

Recommended Story: Growth Stocks

Receive News & Ratings for Investors Title Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Investors Title and related companies with MarketBeat.com's FREE daily email newsletter.