BidaskClub Downgrades Investors Title (ITIC) to Sell

Investors Title (NASDAQ:ITIC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Shares of Investors Title (ITIC) opened at $192.06 on Wednesday. The stock has a market cap of $362.22, a PE ratio of 17.88 and a beta of 0.69. Investors Title has a one year low of $126.00 and a one year high of $221.88.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Investors Title during the third quarter worth about $101,000. MetLife Investment Advisors LLC purchased a new stake in Investors Title during the fourth quarter worth about $146,000. OxFORD Asset Management LLP purchased a new stake in Investors Title during the third quarter worth about $213,000. The Manufacturers Life Insurance Company increased its stake in Investors Title by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,284 shares of the insurance provider’s stock worth $249,000 after purchasing an additional 36 shares during the period. Finally, Alliancebernstein L.P. purchased a new stake in Investors Title during the second quarter worth about $251,000. Institutional investors own 42.22% of the company’s stock.

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About Investors Title

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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