ValuEngine downgraded shares of Investors Title Company (NASDAQ:ITIC) from a buy rating to a hold rating in a research report released on Monday.

Shares of Investors Title (NASDAQ ITIC) opened at 182.73 on Monday. Investors Title has a 1-year low of $93.78 and a 1-year high of $199.75. The firm’s 50-day moving average is $177.39 and its 200 day moving average is $177.18. The company has a market cap of $344.81 million, a price-to-earnings ratio of 14.86 and a beta of 0.80.

Investors Title (NASDAQ:ITIC) last posted its earnings results on Friday, August 4th. The insurance provider reported $2.99 earnings per share for the quarter. Investors Title had a net margin of 14.79% and a return on equity of 14.73%. The business had revenue of $40.13 million for the quarter. Equities analysts expect that Investors Title will post $2.03 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.40 dividend. The ex-dividend date was Wednesday, August 30th. This is a boost from Investors Title’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.88%. Investors Title’s dividend payout ratio is presently 13.00%.

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. bought a new position in shares of Investors Title during the second quarter valued at $150,000. Strs Ohio bought a new stake in shares of Investors Title in the 2nd quarter worth about $232,000. Bessemer Group Inc. bought a new stake in shares of Investors Title in the 2nd quarter worth about $251,000. First Trust Advisors LP bought a new stake in shares of Investors Title in the 2nd quarter worth about $224,000. Finally, Rhumbline Advisers acquired a new stake in shares of Investors Title during the 2nd quarter worth about $293,000. Hedge funds and other institutional investors own 42.16% of the company’s stock.

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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