Oppenheimer & Co. Inc. Sells 1,239 Shares of Investors Title (NASDAQ:ITIC)

Oppenheimer & Co. Inc. lessened its position in Investors Title (NASDAQ:ITIC) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,766 shares of the insurance provider’s stock after selling 1,239 shares during the period. Oppenheimer & Co. Inc.’s holdings in Investors Title were worth $1,602,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ITIC. Meeder Asset Management Inc. lifted its stake in shares of Investors Title by 455.8% in the third quarter. Meeder Asset Management Inc. now owns 239 shares of the insurance provider’s stock worth $55,000 after buying an additional 196 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Investors Title by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,169 shares of the insurance provider’s stock worth $958,000 after buying an additional 142 shares in the last quarter. FMR LLC lifted its stake in shares of Investors Title by 73.6% in the third quarter. FMR LLC now owns 479 shares of the insurance provider’s stock worth $110,000 after buying an additional 203 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Investors Title by 65.6% in the third quarter. BNP Paribas Financial Markets now owns 540 shares of the insurance provider’s stock worth $124,000 after buying an additional 214 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of Investors Title by 10.8% in the third quarter. Martingale Asset Management L P now owns 1,431 shares of the insurance provider’s stock worth $329,000 after buying an additional 140 shares in the last quarter. Institutional investors own 41.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Investors Title from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Investors Title Stock Down 0.7 %

Shares of Investors Title stock opened at $235.63 on Tuesday. The company has a market cap of $443.93 million, a price-to-earnings ratio of 14.34 and a beta of 0.91. The company’s 50 day moving average is $229.89 and its 200 day moving average is $237.95. Investors Title has a twelve month low of $146.41 and a twelve month high of $290.40.

Investors Title (NASDAQ:ITIC) last issued its quarterly earnings data on Thursday, February 13th. The insurance provider reported $4.41 earnings per share for the quarter. The company had revenue of $70.63 million for the quarter. Investors Title had a net margin of 12.03% and a return on equity of 11.84%.

Investors Title Profile

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.