Investors Title (ITIC) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of Investors Title (NASDAQ:ITIC) from a hold rating to a buy rating in a research note published on Friday morning.

Separately, ValuEngine downgraded shares of Investors Title from a buy rating to a hold rating in a report on Monday, October 2nd.

Shares of Investors Title (NASDAQ:ITIC) opened at $198.72 on Friday. The stock has a market cap of $366.95, a PE ratio of 17.82 and a beta of 0.81. Investors Title has a twelve month low of $118.10 and a twelve month high of $203.97.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, November 30th. Investors Title’s dividend payout ratio is currently 14.35%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ITIC. Russell Investments Group Ltd. acquired a new position in shares of Investors Title in the 2nd quarter valued at approximately $150,000. Strs Ohio acquired a new position in shares of Investors Title in the 2nd quarter valued at approximately $232,000. First Trust Advisors LP acquired a new position in shares of Investors Title in the 2nd quarter valued at approximately $224,000. Rhumbline Advisers acquired a new position in shares of Investors Title in the 2nd quarter valued at approximately $293,000. Finally, SG Americas Securities LLC acquired a new position in shares of Investors Title in the 2nd quarter valued at approximately $299,000. 41.87% of the stock is owned by hedge funds and other institutional investors.

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Investors Title Company Profile

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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