The stock of Infinity Property and Casualty Corp. (NASDAQ:IPCC) reached all time high today, Nov, 14 and still has $109.06 target or 25.00% above today’s $87.25 share price. This indicates more upside for the $999.53M company. This technical setup was reported by Barchart.com. If the $109.06 PT is reached, the company will be worth $249.88 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 22,452 shares traded hands. Infinity Property and Casualty Corp. (NASDAQ:IPCC) has risen 14.09% since April 12, 2016 and is uptrending. It has outperformed by 9.11% the S&P500.
According to Zacks Investment Research, “Infinity Property is a property and casualty insurer.”
Insitutional Activity: The institutional sentiment decreased to 0.84 in Q2 2016. Its down 0.45, from 1.29 in 2016Q1. The ratio is negative, as 10 funds sold all Infinity Property and Casualty Corp. shares owned while 46 reduced positions. 7 funds bought stakes while 40 increased positions. They now own 10.73 million shares or 0.15% more from 10.72 million shares in 2016Q1.
Moreover, Brandywine Global Inv Ltd Liability has 0.03% invested in Infinity Property and Casualty Corp. (NASDAQ:IPCC) for 55,925 shares. Thompson Siegel & Walmsley Lc holds 173,795 shares or 0.22% of its portfolio. Blackrock Fund last reported 0.01% of its portfolio in the stock. Principal Gru Inc last reported 77,805 shares in the company. Johnson has 260 shares for 0% of their US portfolio. Century last reported 0.01% of its portfolio in the stock. Nordea Inv Mngmt Ab has 8,255 shares for 0% of their US portfolio. National Bank Of Montreal Can last reported 0% of its portfolio in the stock. Morgan Stanley last reported 11,686 shares in the company. Los Angeles Mngmt Equity Rech last reported 0% of its portfolio in the stock. Louisiana State Employees Retirement last reported 0.02% of its portfolio in the stock. Renaissance Lc has invested 0.03% of its portfolio in Infinity Property and Casualty Corp. (NASDAQ:IPCC). Cooke & Bieler Limited Partnership accumulated 71,925 shares or 0.13% of the stock. Sg Americas Securities Limited Liability Corporation has 1,286 shares for 0% of their US portfolio. D E Shaw Company Inc holds 5,479 shares or 0% of its portfolio.
More notable recent Infinity Property and Casualty Corp. (NASDAQ:IPCC) news were published by: Prnewswire.com which released: “Infinity Property and Casualty Corporation Reports Results for the Third …” on November 03, 2016, also Prnewswire.com with their article: “Infinity Property And Casualty Corporation Names New Director” published on July 05, 2016, Prnewswire.com published: “Infinity Property and Casualty Corporation Announces Retirement Plans Of Its …” on April 23, 2015. More interesting news about Infinity Property and Casualty Corp. (NASDAQ:IPCC) were released by: Prnewswire.com and their article: “Infinity Property And Casualty Corporation Names New CFO” published on September 22, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Infinity Property and Casualty Corp reports quarterly earnings per s…” with publication date: May 14, 2013.
IPCC Company Profile
Infinity Property and Casualty Corporation, incorporated on September 17, 2002, is a holding firm that, through its subsidiaries, provides personal automobile insurance with a focus on the nonstandard market. The Firm writes personal automobile insurance with a concentration on nonstandard automobile insurance, mono-line commercial vehicle insurance and classic collector automobile insurance. The Firm offers personal and commercial automobile insurance primarily in approximately four focus states, including Arizona, California, Florida and Texas. The Firm also writes standard and preferred personal auto insurance, mono-line commercial auto insurance and classic collector automobile insurance.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.