Infinity Property and Casualty (IPCC) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Infinity Property and Casualty (NASDAQ:IPCC) from a strong sell rating to a sell rating in a research note published on Saturday morning.

IPCC has been the topic of several other research reports. Zacks Investment Research raised shares of Infinity Property and Casualty from a hold rating to a strong-buy rating and set a $119.00 price objective on the stock in a research report on Friday, January 12th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $105.00 price objective on shares of Infinity Property and Casualty in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $115.00.

Infinity Property and Casualty (NASDAQ:IPCC) opened at $121.90 on Friday. The firm has a market cap of $1,333.03, a P/E ratio of 29.66, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38. Infinity Property and Casualty has a 52-week low of $83.00 and a 52-week high of $122.19.

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Infinity Property and Casualty in the third quarter valued at approximately $152,000. C M Bidwell & Associates Ltd. bought a new position in shares of Infinity Property and Casualty in the fourth quarter valued at approximately $192,000. Piedmont Investment Advisors LLC bought a new position in shares of Infinity Property and Casualty in the second quarter valued at approximately $224,000. UBS Asset Management Americas Inc. raised its position in shares of Infinity Property and Casualty by 37.6% in the second quarter. UBS Asset Management Americas Inc. now owns 3,658 shares of the insurance provider’s stock valued at $344,000 after purchasing an additional 1,000 shares during the period. Finally, Wolverine Trading LLC bought a new position in shares of Infinity Property and Casualty in the fourth quarter valued at approximately $349,000. 92.26% of the stock is currently owned by institutional investors.

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Infinity Property and Casualty Company Profile

Infinity Property and Casualty Corporation is a holding company. The Company’s segments include Personal Auto, Commercial Vehicle and Classic Collector (its segments are Personal Auto and Commercial Vehicle). The Company writes personal automobile insurance with a concentration on nonstandard automobile insurance, commercial vehicle insurance and classic collector automobile insurance.

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