Raymond James & Associates Invests $234,000 in Infinity Property and Casualty Corp. (IPCC) Stock

Raymond James & Associates bought a new position in shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,643 shares of the insurance provider’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Infinity Property and Casualty by 6.3% during the second quarter. BlackRock Inc. now owns 1,530,925 shares of the insurance provider’s stock worth $217,927,000 after acquiring an additional 90,769 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Infinity Property and Casualty by 7.5% during the second quarter. Renaissance Technologies LLC now owns 371,842 shares of the insurance provider’s stock worth $52,932,000 after acquiring an additional 26,100 shares in the last quarter. Boston Partners raised its holdings in Infinity Property and Casualty by 1.4% during the second quarter. Boston Partners now owns 160,404 shares of the insurance provider’s stock worth $22,833,000 after acquiring an additional 2,275 shares in the last quarter. GAM Holding AG raised its holdings in Infinity Property and Casualty by 3.2% during the second quarter. GAM Holding AG now owns 143,500 shares of the insurance provider’s stock worth $20,428,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Infinity Property and Casualty by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 90,413 shares of the insurance provider’s stock worth $12,871,000 after acquiring an additional 5,036 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

IPCC opened at $142.80 on Friday. The stock has a market cap of $1.56 billion, a P/E ratio of 29.20, a P/E/G ratio of 2.52 and a beta of 0.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.47 and a current ratio of 0.47. Infinity Property and Casualty Corp. has a 52-week low of $83.00 and a 52-week high of $150.65.

About Infinity Property and Casualty

Infinity Property and Casualty Corporation, through its subsidiaries, provides personal auto insurance products in the United States. The company offers nonstandard, commercial, and classic collector auto insurance products. It also provides reinsurance products and services. The company distributes its products primarily through a network of independent agencies and brokers.

Recommended Story: Technical Analysis of Stocks, How Can It Help

Want to see what other hedge funds are holding IPCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infinity Property and Casualty Corp. (NASDAQ:IPCC).

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