Keefe, Bruyette & Woods Starts Infinity Property & Casualty (IPCC) at Market Perform

Keefe, Bruyette & Woods initiates coverage on Infinity Property & Casualty (NASDAQ: IPCC) with a Market Perform. PT $58.

KBW analyst said, "We view Infinity as a well-positioned nonstandard auto underwriter, and expect the company will ultimately be a significant beneficiary of the growing Hispanic population. We believe Infinity has a solid balance sheet, an impressive underwriting profitability track record, with a history of active capital management; however we view Infinity shares as trading at fair value and are initiating coverage with a MP rating."

For more ratings news on Infinity Property & Casualty click here and for the rating history of Infinity Property & Casualty click here.

Shares of Infinity Property & Casualty closed at $53.16 yesterday.

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