Suntrust Banks Inc. Invests $260,000 in Investors Title Company (ITIC) Stock

Suntrust Banks Inc. bought a new position in shares of Investors Title Company (NASDAQ:ITIC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,350 shares of the insurance provider’s stock, valued at approximately $260,000. Suntrust Banks Inc. owned approximately 0.07% of Investors Title at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITIC. Catalyst Capital Advisors LLC acquired a new position in Investors Title during the 2nd quarter worth about $561,000. Martingale Asset Management L P acquired a new position in Investors Title during the 2nd quarter worth about $503,000. Vanguard Group Inc. lifted its stake in 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 in the last quarter. California Public Employees Retirement System lifted its stake in Investors Title by 33.3% during the 2nd quarter. California Public Employees Retirement System now owns 6,400 shares of the insurance provider’s stock worth $1,238,000 after acquiring an additional 1,600 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Investors Title during the 2nd quarter worth about $299,000. 42.16% of the stock is currently owned by hedge funds and other institutional investors.

Investors Title Company (NASDAQ:ITIC) opened at 191.01 on Tuesday. Investors Title Company has a 1-year low of $93.78 and a 1-year high of $200.18. The firm has a market cap of $360.44 million, a price-to-earnings ratio of 15.53 and a beta of 0.80. The company’s 50-day moving average price is $180.36 and its 200 day moving average price is $180.46.

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

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

COPYRIGHT VIOLATION NOTICE: “Suntrust Banks Inc. Invests $260,000 in Investors Title Company (ITIC) Stock” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/17/suntrust-banks-inc-invests-260000-in-investors-title-company-itic-stock.html.

About Investors Title

Investors Tit

A number of other institutional investors and hedge funds have also recently bought and sold shares of ITIC. Catalyst Capital Advisors LLC acquired a new position in Investors Title during the 2nd quarter worth about $561,000. Martingale Asset Management L P acquired a new position in Investors Title during the 2nd quarter worth about $503,000. Vanguard Group Inc. lifted its stake in 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 in the last quarter. California Public Employees Retirement System lifted its stake in Investors Title by 33.3% during the 2nd quarter. California Public Employees Retirement System now owns 6,400 shares of the insurance provider’s stock worth $1,238,000 after acquiring an additional 1,600 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Investors Title during the 2nd quarter worth about $299,000. 42.16% of the stock is currently owned by hedge funds and other institutional investors.

Investors Title Company (NASDAQ:ITIC) opened at 191.01 on Tuesday. Investors Title Company has a 1-year low of $93.78 and a 1-year high of $200.18. The firm has a market cap of $360.44 million, a price-to-earnings ratio of 15.53 and a beta of 0.80. The company’s 50-day moving average price is $180.36 and its 200 day moving average price is $180.46.

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

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

COPYRIGHT VIOLATION NOTICE: “Suntrust Banks Inc. Invests $260,000 in Investors Title Company (ITIC) Stock” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/17/suntrust-banks-inc-invests-260000-in-investors-title-company-itic-stock.html.

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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Institutional Ownership by Quarter for Investors Title (NASDAQ:ITIC)

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