USA Financial Portformulas Corp Invests $537,000 in Infinity Property and Casualty Corp. (IPCC) Stock

USA Financial Portformulas Corp bought a new position in shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,772 shares of the insurance provider’s stock, valued at approximately $537,000.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted 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 buying an additional 90,769 shares during the period. Renaissance Technologies LLC lifted 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 buying an additional 26,100 shares during the period. Boston Partners lifted 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 buying an additional 2,275 shares during the period. GAM Holding AG lifted its holdings in shares of Infinity Property and Casualty by 3.2% during the 2nd quarter. GAM Holding AG now owns 143,500 shares of the insurance provider’s stock valued at $20,428,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Infinity Property and Casualty by 5.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,413 shares of the insurance provider’s stock valued at $12,871,000 after purchasing an additional 5,036 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Shares of IPCC opened at $142.80 on Friday. Infinity Property and Casualty Corp. has a 12 month low of $83.00 and a 12 month high of $150.65. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.56 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 2.52 and a beta of 0.63.

Infinity Property and Casualty Company Profile

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.

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

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