Investors Title (NASDAQ:ITIC) Announces Earnings Results

Investors Title (NASDAQ:ITIC) posted its quarterly earnings results on Tuesday. The insurance provider reported $3.97 earnings per share for the quarter, Zacks reports. Investors Title had a net margin of 13.15% and a return on equity of 13.72%. The firm had revenue of $69.52 million during the quarter.

Investors Title Price Performance

Shares of Investors Title stock opened at $257.88 on Wednesday. The firm has a fifty day moving average price of $256.45 and a two-hundred day moving average price of $256.89. Investors Title has a fifty-two week low of $190.20 and a fifty-two week high of $288.98. The company has a market cap of $487.40 million, a PE ratio of 14.00 and a beta of 0.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Investors Title in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Institutional Trading of Investors Title

Several hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co lifted 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 during the period. Price T Rowe Associates Inc. MD lifted its stake in Investors Title by 6.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 803 shares of the insurance provider’s stock valued at $201,000 after acquiring an additional 49 shares in the last quarter. Invesco Ltd. increased its stake in Investors Title by 4.0% in the 2nd quarter. Invesco Ltd. now owns 1,622 shares of the insurance provider’s stock valued at $343,000 after buying an additional 63 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Investors Title by 2.3% in the 1st quarter. Royal Bank of Canada now owns 3,937 shares of the insurance provider’s stock valued at $949,000 after buying an additional 88 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Investors Title by 1.9% in the 3rd quarter. First Trust Advisors LP now owns 4,839 shares of the insurance provider’s stock valued at $1,296,000 after purchasing an additional 90 shares during the period. 41.40% of the stock is owned by institutional investors.

Investors Title Company Profile

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.