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

Separately, ValuEngine downgraded Investors Title from a buy rating to a hold rating in a research note on Monday, October 2nd.

Investors Title (NASDAQ ITIC) traded down $4.67 during mid-day trading on Friday, hitting $186.50. The stock had a trading volume of 1,800 shares, compared to its average volume of 2,760. The company has a market cap of $354.75, a P/E ratio of 16.73 and a beta of 0.81. Investors Title has a 12 month low of $118.10 and a 12 month high of $221.88.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.60 annualized dividend and a dividend yield of 0.86%. Investors Title’s payout ratio is 14.35%.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Investors Title by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 43,967 shares of the insurance provider’s stock worth $8,505,000 after acquiring an additional 2,225 shares during the period. State Street Corp boosted its stake in Investors Title by 11.4% in the 2nd quarter. State Street Corp now owns 21,660 shares of the insurance provider’s stock worth $4,189,000 after purchasing an additional 2,223 shares during the period. California Public Employees Retirement System boosted its stake in Investors Title by 33.3% in the 2nd quarter. California Public Employees Retirement System now owns 6,400 shares of the insurance provider’s stock worth $1,238,000 after purchasing an additional 1,600 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Investors Title by 4.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,063 shares of the insurance provider’s stock worth $786,000 after purchasing an additional 164 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its stake in Investors Title by 25.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 3,643 shares of the insurance provider’s stock worth $652,000 after purchasing an additional 743 shares during the period. Institutional investors own 41.87% of the company’s stock.

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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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