Investors Title (NASDAQ:ITIC) Stock Crosses Above 200 Day Moving Average – Here’s Why

Investors Title Company (NASDAQ:ITIC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $255.20 and traded as high as $275.00. Investors Title shares last traded at $267.56, with a volume of 16,530 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Investors Title in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Investors Title currently has an average rating of “Buy”.

Investors Title Stock Performance

The business’s 50 day moving average price is $255.35 and its 200-day moving average price is $255.20. The company has a market cap of $505.69 million, a price-to-earnings ratio of 14.07 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ITIC. AlphaQuest LLC acquired a new stake in Investors Title during the second quarter valued at approximately $27,000. Russell Investments Group Ltd. boosted its stake in Investors Title by 357.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 311 shares of the insurance provider’s stock valued at $83,000 after buying an additional 243 shares in the last quarter. Franklin Resources Inc. bought a new stake in Investors Title in the third quarter valued at $242,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Investors Title during the second quarter worth $224,000. Finally, Inceptionr LLC bought a new position in shares of Investors Title during the fourth quarter valued at $265,000. Institutional investors own 41.40% of the company’s stock.

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. It offers services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property.