Wells Fargo & Company MN Has $1.25 Million Position in Infinity Property and Casualty Corp. (NASDAQ:IPCC)

Wells Fargo & Company MN raised its position in Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 49.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,258 shares of the insurance provider’s stock after purchasing an additional 4,393 shares during the quarter. Wells Fargo & Company MN owned 0.12% of Infinity Property and Casualty worth $1,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IPCC. Teachers Advisors LLC grew its stake in Infinity Property and Casualty by 7.7% in the 2nd quarter. Teachers Advisors LLC now owns 19,445 shares of the insurance provider’s stock worth $1,828,000 after acquiring an additional 1,398 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Infinity Property and Casualty by 23.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 72,672 shares of the insurance provider’s stock worth $6,832,000 after acquiring an additional 13,741 shares in the last quarter. Nationwide Fund Advisors grew its stake in Infinity Property and Casualty by 169.1% in the 2nd quarter. Nationwide Fund Advisors now owns 17,004 shares of the insurance provider’s stock worth $1,598,000 after acquiring an additional 10,685 shares in the last quarter. BlackRock Inc. grew its stake in Infinity Property and Casualty by 8.3% in the 2nd quarter. BlackRock Inc. now owns 1,501,114 shares of the insurance provider’s stock worth $141,106,000 after acquiring an additional 114,554 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of Infinity Property and Casualty during the second quarter valued at approximately $478,000. 92.90% of the stock is currently owned by institutional investors.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) traded up $19.00 during midday trading on Wednesday, hitting $115.05. 1,392,845 shares of the stock were exchanged, compared to its average volume of 100,969. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Infinity Property and Casualty Corp. has a 1 year low of $83.00 and a 1 year high of $117.48. The company has a market capitalization of $1,060.44, a P/E ratio of 20.35, a PEG ratio of 1.81 and a beta of 0.79.

IPCC has been the topic of a number of recent research reports. Zacks Investment Research upgraded 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 note on Friday, January 12th. BidaskClub downgraded shares of Infinity Property and Casualty from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $105.00 price objective on shares of Infinity Property and Casualty in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $115.00.

COPYRIGHT VIOLATION WARNING: “Wells Fargo & Company MN Has $1.25 Million Position in Infinity Property and Casualty Corp. (NASDAQ:IPCC)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/14/wells-fargo-company-mn-raises-holdings-in-infinity-property-and-casualty-corp-ipcc.html.

About Infinity Property and Casualty

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.

Institutional Ownership by Quarter for Infinity Property and Casualty (NASDAQ:IPCC)

Receive News & Ratings for Infinity Property and Casualty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinity Property and Casualty and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply