BidaskClub downgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a sell rating in a report published on Wednesday morning.
Investors Title (ITIC) opened at $192.06 on Wednesday. Investors Title has a one year low of $126.00 and a one year high of $221.88. The firm has a market capitalization of $362.15, a price-to-earnings ratio of 17.88 and a beta of 0.69.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Investors Title in the third quarter worth $101,000. MetLife Investment Advisors LLC purchased a new position in shares of Investors Title in the fourth quarter worth $146,000. OxFORD Asset Management LLP purchased a new position in shares of Investors Title in the third quarter worth $213,000. The Manufacturers Life Insurance Company increased its position in Investors Title by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284 shares of the insurance provider’s stock valued at $249,000 after acquiring an additional 36 shares during the last quarter. Finally, Alliancebernstein L.P. purchased a new stake in Investors Title during the second quarter valued at $251,000. Hedge funds and other institutional investors own 42.22% of the company’s stock.
Investors Title Company is an insurance holding company. The Company, through its subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC), is engaged in issuance of residential and commercial title insurance, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC).
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