Wells Fargo & Company MN raised its position in Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 22.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,281 shares of the company’s stock after buying an additional 776 shares during the period. Wells Fargo & Company MN’s holdings in Infinity Property and Casualty Corporation were worth $354,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. PineBridge Investments L.P. increased its stake in Infinity Property and Casualty Corporation by 6.0% in the second quarter. PineBridge Investments L.P. now owns 1,402 shares of the company’s stock worth $113,000 after buying an additional 79 shares during the period. Vanguard Group Inc. increased its stake in Infinity Property and Casualty Corporation by 3.7% in the second quarter. Vanguard Group Inc. now owns 921,503 shares of the company’s stock worth $74,328,000 after buying an additional 32,726 shares during the period. Teacher Retirement System of Texas increased its stake in Infinity Property and Casualty Corporation by 33.0% in the second quarter. Teacher Retirement System of Texas now owns 8,301 shares of the company’s stock worth $670,000 after buying an additional 2,059 shares during the period. JPMorgan Chase & Co. increased its stake in Infinity Property and Casualty Corporation by 22,375.0% in the second quarter. JPMorgan Chase & Co. now owns 13,485 shares of the company’s stock worth $1,088,000 after buying an additional 13,425 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Infinity Property and Casualty Corporation by 3.3% in the second quarter. Ameriprise Financial Inc. now owns 54,004 shares of the company’s stock worth $4,356,000 after buying an additional 1,705 shares during the period. Hedge funds and other institutional investors own 97.42% of the company’s stock.

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

Shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) traded down 0.17% during trading on Friday, reaching $86.95. 17,642 shares of the company traded hands. Infinity Property and Casualty Corporation has a 52 week low of $73.26 and a 52 week high of $90.50. The firm has a 50 day moving average of $87.91 and a 200 day moving average of $83.60. The stock has a market capitalization of $961.23 million, a PE ratio of 29.78 and a beta of 0.65.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by $0.83. The company had revenue of $378.10 million for the quarter, compared to analysts’ expectations of $324.30 million. Infinity Property and Casualty Corporation had a net margin of 2.18% and a return on equity of 4.38%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. On average, equities analysts predict that Infinity Property and Casualty Corporation will post $2.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Friday, December 9th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, December 7th. Infinity Property and Casualty Corporation’s payout ratio is 71.23%.

WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this news story can be accessed at http://www.watchlistnews.com/wells-fargo-company-mn-raises-stake-in-infinity-property-and-casualty-corporation-ipcc/1060964.html.

A number of research firms have recently weighed in on IPCC. Zacks Investment Research downgraded shares of Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Keefe, Bruyette & Woods started coverage on shares of Infinity Property and Casualty Corporation in a report on Tuesday, November 1st. They set a “market perform” rating and a $89.00 price target on the stock.

In other Infinity Property and Casualty Corporation news, VP Samuel J. Simon sold 4,500 shares of the stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $87.70, for a total transaction of $394,650.00. Following the transaction, the vice president now directly owns 78,892 shares of the company’s stock, valued at $6,918,828.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.28% of the company’s stock.

About Infinity Property and Casualty Corporation

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

Want to see what other hedge funds are holding IPCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infinity Property and Casualty Corporation (NASDAQ:IPCC).

Receive News & Ratings for Infinity Property and Casualty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinity Property and Casualty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.