Bank of New York Mellon Corp Reduces Holdings in Investors Title (ITIC)

Bank of New York Mellon Corp lessened its stake in shares of Investors Title (NASDAQ:ITIC) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,990 shares of the insurance provider’s stock after selling 524 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.32% of Investors Title worth $1,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITIC. Vanguard Group Inc. raised 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 valued at $8,505,000 after buying an additional 2,225 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Investors Title during the 2nd quarter valued at about $251,000. State Street Corp grew its position in shares of Investors Title by 11.4% during the 2nd quarter. State Street Corp now owns 21,660 shares of the insurance provider’s stock valued at $4,189,000 after acquiring an additional 2,223 shares during the period. New York State Common Retirement Fund grew its position in shares of Investors Title by 73.5% during the 2nd quarter. New York State Common Retirement Fund now owns 2,599 shares of the insurance provider’s stock valued at $503,000 after acquiring an additional 1,101 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of 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 valued at $1,238,000 after acquiring an additional 1,600 shares during the period. 41.87% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the company. BidaskClub cut Investors Title from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine cut Investors Title from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Investors Title (NASDAQ ITIC) opened at $196.00 on Friday. Investors Title has a 12 month low of $118.10 and a 12 month high of $221.88. The firm has a market cap of $369.86, a P/E ratio of 17.58 and a beta of 0.81.

Investors Title (NASDAQ:ITIC) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $3.13 EPS for the quarter. Investors Title had a net margin of 13.22% and a return on equity of 12.93%.

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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).

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

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