Legal & General Group Plc Has $3.33 Million Holdings in Infinity Property and Casualty Corp. (IPCC)

Legal & General Group Plc boosted its stake in Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 5.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,394 shares of the insurance provider’s stock after acquiring an additional 1,118 shares during the quarter. Legal & General Group Plc’s holdings in Infinity Property and Casualty were worth $3,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc bought a new position in Infinity Property and Casualty in the 2nd quarter worth about $201,000. Everence Capital Management Inc. bought a new stake in shares of Infinity Property and Casualty during the 2nd quarter valued at about $206,000. Amalgamated Bank bought a new stake in shares of Infinity Property and Casualty during the 2nd quarter valued at about $227,000. Xact Kapitalforvaltning AB bought a new stake in shares of Infinity Property and Casualty during the 1st quarter valued at about $210,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Infinity Property and Casualty during the 2nd quarter valued at about $330,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded Infinity Property and Casualty from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. BidaskClub upgraded Infinity Property and Casualty from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 3rd. Finally, ValuEngine downgraded Infinity Property and Casualty from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 16th.

Shares of IPCC opened at $142.80 on Thursday. The stock 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. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.38. Infinity Property and Casualty Corp. has a 12-month low of $83.00 and a 12-month high of $150.65.

Infinity Property and Casualty 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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