Investors Title (NASDAQ:ITIC) Stock Rating Lowered by StockNews.com

Investors Title (NASDAQ:ITIC) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

Investors Title Price Performance

Investors Title stock opened at $233.48 on Wednesday. The firm has a market capitalization of $439.88 million, a price-to-earnings ratio of 15.45 and a beta of 0.89. The company’s 50 day simple moving average is $257.62 and its 200 day simple moving average is $226.61. Investors Title has a fifty-two week low of $146.41 and a fifty-two week high of $290.40.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of Investors Title by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 33,275 shares of the insurance provider’s stock worth $7,648,000 after buying an additional 809 shares during the period. Bank of New York Mellon Corp increased its holdings in Investors Title by 6.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,607 shares of the insurance provider’s stock valued at $2,271,000 after buying an additional 710 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $958,000 after acquiring an additional 142 shares during the last quarter. American Century Companies Inc. boosted its stake in Investors Title by 27.0% in the second quarter. American Century Companies Inc. now owns 3,774 shares of the insurance provider’s stock valued at $680,000 after buying an additional 803 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Investors Title by 187.5% in the third quarter. JPMorgan Chase & Co. now owns 3,260 shares of the insurance provider’s stock worth $749,000 after acquiring an additional 2,126 shares during the last quarter. 41.40% of the stock is owned by institutional investors and hedge funds.

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.