Published: Thu, February 15, 2018
Medicine | By Brett Sutton

Kemper Corporation to acquire specialist auto insurer

Kemper Corporation to acquire specialist auto insurer

Its up 0.25, from 1.12 in 2017Q2. It is negative, as 8 investors sold Infinity Property and Casualty Corporation shares while 42 reduced holdings. 14 funds opened positions while 47 raised stakes. Cooke & Bieler L P stated it has 69,695 shares or 0.12% of all its holdings.

Infinity Property and Casualty Corporation (NASDAQ:IPCC)'s market cap, the total dollar value of all of their outstanding shares, is 1039.26m. Bnp Paribas Arbitrage has 5,923 shares for 0% of their portfolio. Another trade for 1,881 shares valued at $103,455 was made by Desbois Patrick on Friday, October 13. Louisiana State Employees Retirement Sys reported 6,900 shares or 0.02% of all its holdings. Principal Financial Group Inc invested in 0.01% or 83,233 shares. Sei Com holds 0% or 4,054 shares. Mannkind had 15 analyst reports since August 3, 2015 according to SRatingsIntel. Buckhead Mgmt Lc holds 0.79% or 27,223 shares in its portfolio. Millennium Mngmt Ltd stated it has 0% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Royal Commercial Bank Of Canada reported 214,913 shares stake. H.C. Wainwright maintained the shares of MNKD in report on Wednesday, November 8 with "Buy" rating. Bankshares Of Mellon Corp reported 154,706 shares.

COPYRIGHT VIOLATION WARNING: "Keefe, Bruyette & Woods Reiterates $121.00 Price Target for Infinity Property and Casualty (IPCC)" was originally posted by and is the property of of The stock increased 19.21% or $18.45 during the last trading session, reaching $114.5. About 341,645 shares traded or 488.93% up from the average. UBS Asset Management Americas Inc. raised its stake in Infinity Property and Casualty by 37.6% in the second quarter. It has outperformed by 8.86% the S&P500. If the $121.36 price target is reached, the company will be worth $86.73M more. The institutional investor held 19,425 shares of the property-casualty insurers company at the end of 2017Q3, valued at $1.83 million, up from 16,000 at the end of the previous reported quarter.

Zacks Investment Research upgraded shares of Infinity Property and Casualty from a "hold" rating to a "strong-buy" rating and set a $119.00 price objective on the stock in a research note on Friday, January 12th. Therefore 50% are positive. Infinity Property and Casualty had 10 analyst reports since September 16, 2015 according to SRatingsIntel. The stock of Garmin Ltd. (NASDAQ:GRMN) has "Mkt Perform" rating given on Tuesday, August 25 by Raymond James. Finally, Keefe, Bruyette & Woods reissued a "hold" rating and issued a $105.00 price target on shares of Infinity Property and Casualty in a report on Friday, December 22nd.

IPCC has been the topic of a number of research analyst reports. The rating was maintained by Keefe Bruyette & Woods on Monday, December 4 with "Hold". The firm has "Market Outperform" rating by JMP Securities given on Wednesday, September 16. Smith Asset Management Group LP purchased a new position in shares of Infinity Property and Casualty in the 4th quarter worth $1,654,000.

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Infinity Property and Casualty Corp.

Chicago-based Kemper is also one of the major insurance providers in the U.S. The buyer specializes in home, property and casualty, auto, life and health insurance products for individuals, families and small businesses. The 8 months bullish chart indicates low risk for the $1.24B company. The Company's segments include Personal Auto, Commercial Vehicle and Classic Collector (its segments are Personal Auto and Commercial Vehicle). It has a 24.3 P/E ratio.

Infinity, headquartered in Birmingham, Alabama, is a national provider of auto insurance for the consumer and commercial industries.

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