Infinity Property and Casualty Corp. (IPCC) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,003 shares of the insurance provider’s stock after selling 1,436 shares during the quarter. Bank of New York Mellon Corp owned about 1.31% of Infinity Property and Casualty worth $20,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IPCC. CIBC Asset Management Inc purchased a new position in Infinity Property and Casualty during the second quarter worth about $201,000. Amalgamated Bank purchased a new position in Infinity Property and Casualty during the second quarter worth about $227,000. Raymond James & Associates purchased a new position in Infinity Property and Casualty during the second quarter worth about $234,000. Allianz Asset Management GmbH purchased a new position in Infinity Property and Casualty during the first quarter worth about $312,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Infinity Property and Casualty during the second quarter worth about $330,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

NASDAQ IPCC opened at $142.80 on Friday. Infinity Property and Casualty Corp. has a twelve month low of $83.00 and a twelve month high of $150.65.

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Infinity Property and Casualty Company Profile

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.

See Also: How Investors Use a Balance Sheet

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

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