Investors Title (NASDAQ:ITIC) Raised to “Buy” at StockNews.com

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

Separately, TheStreet raised shares of Investors Title from a c+ rating to a b- rating in a report on Wednesday, January 31st.

Investors Title Stock Down 0.3 %

Investors Title stock opened at $159.61 on Monday. Investors Title has a 12 month low of $127.71 and a 12 month high of $171.60. The stock has a market cap of $300.71 million, a price-to-earnings ratio of 12.06 and a beta of 0.87. The business has a 50 day moving average price of $158.85 and a two-hundred day moving average price of $156.80.

Investors Title (NASDAQ:ITIC) last issued its earnings results on Tuesday, February 13th. The insurance provider reported $3.09 EPS for the quarter. Investors Title had a return on equity of 9.99% and a net margin of 11.03%. The business had revenue of $53.68 million during the quarter.

Investors Title Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 18th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.15%. Investors Title’s payout ratio is presently 13.90%.

Institutional Trading of Investors Title

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new position in shares of Investors Title during the fourth quarter valued at $707,000. Blair William & Co. IL bought a new stake in Investors Title during the third quarter worth about $205,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Investors Title by 26.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,328 shares of the insurance provider’s stock worth $345,000 after buying an additional 493 shares in the last quarter. Private Management Group Inc. acquired a new stake in shares of Investors Title during the fourth quarter worth approximately $209,000. Finally, Franklin Street Advisors Inc. NC bought a new position in shares of Investors Title in the fourth quarter valued at approximately $203,000. 41.40% of the stock is currently owned by institutional investors.

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.