Infinity Property and Casualty Corp. (IPCC) Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its stake in Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,048 shares of the insurance provider’s stock after selling 18,831 shares during the quarter. Northern Trust Corp owned 1.24% of Infinity Property and Casualty worth $19,367,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in IPCC. BlackRock Inc. boosted its holdings in shares of Infinity Property and Casualty by 6.3% in the second quarter. BlackRock Inc. now owns 1,530,925 shares of the insurance provider’s stock valued at $217,927,000 after buying an additional 90,769 shares during the period. Summit Securities Group LLC acquired a new position in shares of Infinity Property and Casualty in the second quarter valued at approximately $5,193,000. Paloma Partners Management Co acquired a new position in shares of Infinity Property and Casualty in the second quarter valued at approximately $4,329,000. Renaissance Technologies LLC boosted its holdings in shares of Infinity Property and Casualty by 7.5% in the second quarter. Renaissance Technologies LLC now owns 371,842 shares of the insurance provider’s stock valued at $52,932,000 after buying an additional 26,100 shares during the period. Finally, K2 Principal Fund L.P. acquired a new position in shares of Infinity Property and Casualty in the second quarter valued at approximately $2,302,000. Institutional investors own 91.16% of the company’s stock.

Separately, Zacks Investment Research cut shares of Infinity Property and Casualty from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th.

Infinity Property and Casualty stock opened at $142.80 on Thursday. The company has a market capitalization of $1.56 billion, a PE ratio of 29.20, a P/E/G ratio of 2.52 and a beta of 0.63. Infinity Property and Casualty Corp. has a twelve month low of $83.00 and a twelve month high of $150.65. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.38.

About Infinity Property and Casualty

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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