What Will Happen to Infinity Property and Casualty Corporation (IPCC) Next? The Stock Just Reaches 52-Week High

May 17, 2018 - By Lindsey Sherman

Infinity Property and Casualty Corporation (NASDAQ:IPCC) Logo

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.17, from 1.22 in 2017Q3. It turned negative, as 8 investors sold Infinity Property and Casualty Corporation shares while 56 reduced holdings. 27 funds opened positions while 40 raised stakes. 10.20 million shares or 2.02% less from 10.41 million shares in 2017Q3 were reported.
Dean Investment Associates Ltd Liability Corp reported 0.5% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Us Bancorp De has invested 0% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Prudential, a New Jersey-based fund reported 18,353 shares. Ajo Lp holds 0.01% in Infinity Property and Casualty Corporation (NASDAQ:IPCC) or 25,522 shares. Gam Ag has 150,000 shares for 0.49% of their portfolio. Schwab Charles Invest Mgmt stated it has 0.01% of its portfolio in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Suntrust Banks has invested 0% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Jefferies Grp Inc Inc Lc has 3,422 shares for 0% of their portfolio. Sector Pension Inv Board accumulated 7,025 shares. Proshare Advisors Ltd Liability Company invested 0.06% of its portfolio in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Northern Trust holds 0% or 164,857 shares in its portfolio. Macquarie Gp Limited reported 692,565 shares. Tiaa Cref Inv Management Ltd reported 52,235 shares. Geode Management Limited accumulated 98,122 shares. 2,409 are held by Barclays Plc.

The stock of Infinity Property and Casualty Corporation (NASDAQ:IPCC) hit a new 52-week high and has $151.67 target or 7.00 % above today’s $141.75 share price. The 7 months bullish chart indicates low risk for the $1.55 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $151.67 price target is reached, the company will be worth $108.57 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.78% or $1.1 during the last trading session, reaching $141.75. About 30,404 shares traded. Infinity Property and Casualty Corporation (NASDAQ:IPCC) has risen 23.65% since May 17, 2017 and is uptrending. It has outperformed by 12.10% the S&P500.

Analysts await Infinity Property and Casualty Corporation (NASDAQ:IPCC) to report earnings on August, 2. They expect $1.10 earnings per share, up 223.53 % or $0.76 from last year’s $0.34 per share. IPCC’s profit will be $12.04M for 32.22 P/E if the $1.10 EPS becomes a reality. After $2.03 actual earnings per share reported by Infinity Property and Casualty Corporation for the previous quarter, Wall Street now forecasts -45.81 % negative EPS growth.

More news for Infinity Property and Casualty Corporation (NASDAQ:IPCC) were recently published by: Globenewswire.com, which released: “Analysis: Positioning to Benefit within Kelly Services, Chesapeake Utilities, HubSpot, Brown Forman, Infinity Property …” on May 04, 2018. Prnewswire.com‘s article titled: “Infinity Property and Casualty Corporation Reports Earnings for the First Quarter of 2018” and published on April 30, 2018 is yet another important article.

Infinity Property and Casualty Corporation, through its subsidiaries, provides personal automobile insurance products in the United States. The company has market cap of $1.55 billion. The firm offers nonstandard automobile, commercial vehicle, and classic collector automobile insurance products. It has a 34.57 P/E ratio. It also provides reinsurance services and products.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) Institutional Positions Chart

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