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

May 17, 2018 - By Paula Hilliard

Infinity Property and Casualty Corporation (NASDAQ:IPCC) Logo

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.17, from 1.22 in 2017Q3. It worsened, 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.
Cornerstone Capital Hldgs Ltd Company accumulated 6,436 shares. Piedmont Inv Advisors Lc has 2,246 shares for 0% of their portfolio. Envestnet Asset Incorporated has 609 shares. Missouri-based Parkside Commercial Bank & Trust has invested 0.01% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Sector Pension Investment Board has invested 0% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Teachers Retirement Of The State Of Kentucky holds 4,190 shares or 0.01% of its portfolio. California State Teachers Retirement System stated it has 16,931 shares or 0% of all its holdings. Bailard reported 0.03% of its portfolio in Infinity Property and Casualty Corporation (NASDAQ:IPCC). The Ontario – Canada-based Royal Bank Of Canada has invested 0.01% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Ls Inv Ltd Liability reported 0% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). 14,764 were reported by Indexiq Advsrs Ltd Liability. Ameritas Investment Ptnrs holds 885 shares or 0% of its portfolio. Metropolitan Life Insurance holds 0% or 3,437 shares. Gam Ag owns 150,000 shares. Numeric Lc accumulated 19,300 shares.

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 EPS, up 223.53 % or $0.76 from last year’s $0.34 per share. IPCC’s profit will be $12.04 million for 32.22 P/E if the $1.10 EPS becomes a reality. After $2.03 actual EPS 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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