Today’s Price Action: Is Buying Infinity Property and Casualty Corp. Here a Winning Strategy?

Today's Price Action: Is Buying Infinity Property and Casualty Corp. Here a Winning Strategy?

The stock of Infinity Property and Casualty Corp. (NASDAQ:IPCC) hit a new 52-week high and has $90.06 target or 4.00% above today’s $86.60 share price. The 8 months bullish chart indicates low risk for the $943.17 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $90.06 price target is reached, the company will be worth $37.73 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. About 15,512 shares traded hands. Infinity Property and Casualty Corp. (NASDAQ:IPCC) has risen 9.09% since April 28, 2016 and is uptrending. It has outperformed by 3.17% the S&P500.

Analysts await Infinity Property and Casualty Corp. (NASDAQ:IPCC) to report earnings on February, 23. They expect $0.78 EPS, down 11.36% or $0.10 from last year’s $0.88 per share. IPCC’s profit will be $8.50 million for 27.76 P/E if the $0.78 EPS becomes a reality. After $0.17 actual EPS reported by Infinity Property and Casualty Corp. for the previous quarter, Wall Street now forecasts 358.82% EPS growth.

According to Zacks Investment Research, “Infinity Property is a property and casualty insurer.”

Insitutional Activity: The institutional sentiment increased to 1.41 in Q2 2016. Its up 0.57, from 0.84 in 2016Q1. The ratio improved, 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.
New York State Common Retirement Fund has invested 0% of its portfolio in Infinity Property and Casualty Corp. (NASDAQ:IPCC). Alliancebernstein L P has 16,927 shares for 0% of their US portfolio. First Tru L P reported 15,931 shares or 0% of all its holdings. State Of Tennessee Treasury Department holds 9,217 shares or 0% of its portfolio. The Illinois-based Skyline Asset Management L P has invested 1.65% in Infinity Property and Casualty Corp. (NASDAQ:IPCC). Moreover, Us Fincl Bank De has 0% invested in Infinity Property and Casualty Corp. (NASDAQ:IPCC) for 1,236 shares. Aperio Llc has 3,567 shares for 0% of their US portfolio. Nordea Investment Mgmt Ab has 8,255 shares for 0% of their US portfolio. Invesco Limited holds 85,040 shares or 0% of its portfolio. Sei Invests holds 0% of its portfolio in Infinity Property and Casualty Corp. (NASDAQ:IPCC) for 6,730 shares. Td Asset Management Incorporated accumulated 5,719 shares or 0% of the stock. Jacobs Levy Equity Incorporated accumulated 27,674 shares or 0.05% of the stock. Martingale Asset Mgmt L P holds 0.01% of its portfolio in Infinity Property and Casualty Corp. (NASDAQ:IPCC) for 8,403 shares. Goldman Sachs Gp reported 13,704 shares or 0% of all its holdings. Schwab Charles Invest Mngmt holds 0.01% or 61,619 shares in its portfolio.

More important 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 published article titled: “Infinity Property And Casualty Corporation Names New Director”, Reuters.com published: “BRIEF-Infinity Property and Casualty Corp reports quarterly earnings per s…” on May 14, 2013. More interesting news about Infinity Property and Casualty Corp. (NASDAQ:IPCC) was released by: Prnewswire.com and their article: “Infinity Property and Casualty Corporation Announces Retirement Plans Of Its …” with publication date: April 23, 2015.

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.

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