Skyline Asset Management LP reduced its position in shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 298,900 shares of the company’s stock after selling 5,700 shares during the period. Infinity Property and Casualty Corporation accounts for 1.7% of Skyline Asset Management LP’s holdings, making the stock its 20th largest position. Skyline Asset Management LP owned approximately 2.70% of Infinity Property and Casualty Corporation worth $26,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IPCC. Suntrust Banks Inc. boosted its position in shares of Infinity Property and Casualty Corporation by 2.1% in the third quarter. Suntrust Banks Inc. now owns 3,005 shares of the company’s stock worth $247,000 after buying an additional 62 shares during the period. BlackRock Inc. boosted its position in shares of Infinity Property and Casualty Corporation by 22.7% in the third quarter. BlackRock Inc. now owns 3,135 shares of the company’s stock worth $259,000 after buying an additional 581 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Infinity Property and Casualty Corporation during the fourth quarter worth about $310,000. Trexquant Investment LP bought a new position in shares of Infinity Property and Casualty Corporation during the fourth quarter worth about $328,000. Finally, Wells Fargo & Company MN boosted its position in shares of Infinity Property and Casualty Corporation by 22.1% in the third quarter. Wells Fargo & Company MN now owns 4,281 shares of the company’s stock worth $354,000 after buying an additional 776 shares during the period. 97.34% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Infinity Property and Casualty Corporation (NASDAQ:IPCC)

Infinity Property and Casualty Corporation (NASDAQ:IPCC) traded down 0.17% during mid-day trading on Thursday, hitting $89.50. 18,801 shares of the stock traded hands. The firm has a market cap of $989.42 million, a PE ratio of 30.65 and a beta of 0.65. The stock has a 50 day moving average price of $87.37 and a 200 day moving average price of $84.85. Infinity Property and Casualty Corporation has a 12-month low of $73.80 and a 12-month high of $90.50.

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A number of research analysts have issued reports on the stock. Raymond James Financial, Inc. cut shares of Infinity Property and Casualty Corporation from an “outperform” rating to a “mkt perform” rating in a report on Friday, January 20th. Zacks Investment Research lowered shares of Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Finally, Keefe, Bruyette & Woods began coverage on shares of Infinity Property and Casualty Corporation in a research report on Tuesday, November 1st. They issued a “market perform” rating and a $89.00 price target on the stock.

In other news, VP Samuel J. Simon sold 4,500 shares of Infinity Property and Casualty Corporation stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $86.44, for a total value of $388,980.00. Following the completion of the transaction, the vice president now directly owns 74,392 shares of the company’s stock, valued at approximately $6,430,444.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.28% of the company’s stock.

Infinity Property and Casualty Corporation Company Profile

Infinity Property and Casualty Corporation is a holding company that, through its subsidiaries, provides personal automobile insurance with a focus on the nonstandard market. The Company writes personal automobile insurance with a concentration on nonstandard automobile insurance, mono-line commercial vehicle insurance and classic collector automobile insurance.

5 Day Chart for NASDAQ:IPCC

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