Infinity Property & Casualty Corp. (NASDAQ:IPCC) is Attracting Smart Money

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Infinity Property & Casualty Corp (NASDAQ:IPCC) reported that Victory Capital Management Inc. has picked up 612,879 of common stock as of 2017-02-10.

The acquisition brings the aggregate amount owned by Victory Capital Management Inc. to a total of 612,879 representing a 5.54% stake in the company.

For those not familiar with the company, 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. It also writes standard and preferred personal auto insurance, mono-line commercial auto insurance and classic collector automobile insurance. Personal Automobile is its insurance product, which provides coverage to individuals for liability to others for bodily injury and property damage and for physical damage to an insured’s own vehicle from collision and various other perils. Commercial Vehicle provides coverage to businesses for liability to others for bodily injury and property damage and for physical damage to vehicles from collision. Classic Collector provides protection for classic collectible automobiles.

A glance at Infinity Property & Casualty Corp. (NASDAQ:IPCC)’s key stats reveals a current market capitalization of 983.69 million based on 11.06 million shares outstanding and a price at last close of $87.60 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2012-12-21, Weinhoff picked up 1,000 at a purchase price of $57.75. This brings their total holding to 11,181 as of the date of the filing.

On the sell side, the most recent transaction saw Simon unload 4,500 shares at a sale price of $46.44. This brings their total holding to 74,392.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Infinity Property & Casualty Corp. (NASDAQ:IPCC) as things move forward to see if its progress aligns with these transactions.

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