Infinity Property and Casualty (IPCC) Touches $112.20 High on Feb, 14; Rent A Center De Has 1.08 Sentiment

February 14, 2018 - By Vivian Park

The stock of Infinity Property and Casualty Corporation (NASDAQ:IPCC) reached all time high today, Feb, 14 and still has $115.57 target or 3.00% above today’s $112.20 share price. This indicates more upside for the $1.23B company. This technical setup was reported by Barchart.com. If the $115.57 PT is reached, the company will be worth $36.78 million more. The stock increased 16.81% or $16.15 during the last trading session, reaching $112.2. About 234,811 shares traded or 304.77% up from the average. Infinity Property and Casualty Corporation (NASDAQ:IPCC) has risen 25.56% since February 14, 2017 and is uptrending. It has outperformed by 8.86% the S&P500.

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to clients on a rent-to-own basis. The company has market cap of $496.33 million. The firm operates through four divisions: Core U.S., Acceptance Now, Mexico, and Franchising. It currently has negative earnings. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.

Engaged Capital Llc holds 12.68% of its portfolio in Rent-A-Center, Inc. for 8.98 million shares. Archer Capital Management L.P. owns 1.68 million shares or 9.05% of their US portfolio. Moreover, Arlington Value Capital Llc has 3.53% invested in the company for 3.07 million shares. The New York-based Elm Ridge Management Llc has invested 3.28% in the stock. Gratia Capital Llc, a California-based fund reported 230,189 shares.

Ratings analysis reveals 0 of Rent-A-Center’s analysts are positive. Out of 3 Wall Street analysts rating Rent-A-Center, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. RCII was included in 3 notes of analysts from October 13, 2016. As per Tuesday, December 13, the company rating was initiated by Loop Capital. The rating was initiated by Jefferies on Thursday, October 13 with “Hold”. The stock has “Mkt Perform” rating by Raymond James on Tuesday, December 6.

Analysts await Rent-A-Center, Inc. (NASDAQ:RCII) to report earnings on March, 7. After $-0.15 actual EPS reported by Rent-A-Center, Inc. for the previous quarter, Wall Street now forecasts -60.00% EPS growth.

The stock increased 0.65% or $0.06 during the last trading session, reaching $9.31. About 77,368 shares traded. Rent-A-Center, Inc. (RCII) has declined 10.49% since February 14, 2017 and is downtrending. It has underperformed by 27.19% the S&P500.

Among 2 analysts covering Infinity Property and Casualty (NASDAQ:IPCC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Infinity Property and Casualty had 9 analyst reports since September 16, 2015 according to SRatingsIntel. On Friday, January 20 the stock rating was downgraded by Raymond James to “Mkt Perform”. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. JMP Securities initiated Infinity Property and Casualty Corporation (NASDAQ:IPCC) rating on Wednesday, September 16. JMP Securities has “Market Outperform” rating and $83 target. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, November 1. Keefe Bruyette & Woods maintained Infinity Property and Casualty Corporation (NASDAQ:IPCC) on Monday, December 4 with “Hold” rating. The firm earned “Outperform” rating on Thursday, July 13 by Raymond James. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, September 20.

Infinity Property and Casualty Corporation, through its subsidiaries, provides personal automobile insurance products in the United States. The company has market cap of $1.23 billion. The firm offers nonstandard automobile, commercial vehicle, and classic collector automobile insurance products. It has a 23.82 P/E ratio. It also provides reinsurance services and products.

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