Infinity Property & Casualty Corp (IPCC) is Trading Lower on Unusual Volume for January 15

Equities Staff |

Infinity Property & Casualty Corp (IPCC) experienced unusually high volume on Jan. 15, as the stock lost 0.86% to a closing price of $78.28. The stock saw 84,767 shares trade hands over the course of the day on 899 trades. Given that the stock’s average daily volume over the last month has been 51,129 shares a day, this represents a pretty substantial spike over the norm.

Infinity Property & Casualty Corp has a P/B ratio of 1.26. It also has a P/E ratio of 14.7. The stock has traded between $87.89 and $69.87 over the last 52-weeks, its 50-day SMA is now $81.67, and its 200-day SMA $77.92.

Infinity Property and Casualty Corporation is a holding company. The Company through subsidiaries provides personal automobile insurance for nonstandard auto insurance, mono-line commercial vehicle insurance and classic collector automobile insurance.

Headquartered in Birmingham, AL, Infinity Property & Casualty Corp has 2,200 employees and is currently under the leadership of CEO James R. Gober.

For a complete fundamental analysis analysis of Infinity Property & Casualty Corp, check out Equities.com’s Stock Valuation Analysis report for IPCC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

THE IMPORTANCE OF THE RUSSELL 3000

The Russell 3000 is not well known outside the world of finance, but it’s one of the strongest indices out there for getting a broad sense of the stock market. Unlike the better-known Dow Jones Industrial Average or S&P 500, membership on the Russell 3000 isn’t selected by committee. It’s simply the 3,000 most valuable companies in the country.

With 3,000 stocks making up the index, it gives a broad look at the markets, including the small-and mid-cap companies that aren’t on the Dow or the S&P 500. And with a rules-based system for determining membership, there’s no bias that could potentially limit membership. That’s why many financial professionals will turn to the Russell 3000 long before the better-known indices when trying to take the temperature of the market.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

IBC Advanced Alloys Corp.

IBC Advanced Alloys Corp is engaged in the production and development of specialty alloy products. Its products include copper alloys and berryllium aluminium alloys.

Private Markets

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…

Initial State

Initial State is an Internet of Things (IoT) data analytics & data management platform company. We turn sensor and event data into information that matters by making it easy to…