Investors Title (NASDAQ:ITIC) Releases Earnings Results

Investors Title (NASDAQ:ITIC) released its earnings results on Tuesday. The insurance provider reported $3.97 earnings per share for the quarter, Zacks reports. Investors Title had a return on equity of 13.72% and a net margin of 13.15%.

Investors Title Trading Down 2.0%

Shares of ITIC stock traded down $5.45 during mid-day trading on Tuesday, reaching $262.11. The stock had a trading volume of 11,329 shares, compared to its average volume of 16,226. Investors Title has a 1-year low of $190.20 and a 1-year high of $288.98. The firm has a market cap of $495.39 million, a price-to-earnings ratio of 13.79 and a beta of 0.65. The business’s fifty day moving average is $255.99 and its 200-day moving average is $256.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in Investors Title by 8.3% during the fourth quarter. Barclays PLC now owns 2,778 shares of the insurance provider’s stock valued at $694,000 after acquiring an additional 214 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Investors Title by 34.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 193 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares in the last quarter. First Trust Advisors LP raised its position in shares of Investors Title by 2.5% in the fourth quarter. First Trust Advisors LP now owns 4,960 shares of the insurance provider’s stock worth $1,238,000 after acquiring an additional 121 shares during the period. State Street Corp boosted its stake in shares of Investors Title by 7.6% during the 4th quarter. State Street Corp now owns 30,049 shares of the insurance provider’s stock worth $7,501,000 after acquiring an additional 2,127 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Investors Title during the 4th quarter valued at about $224,000. 41.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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 a consensus rating of “Buy”.

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.