Infinity Property And Casualty Stock Gaps Up On Today's Open (IPCC)

NEW YORK ( TheStreet) -- Shares of Infinity Property and Casualty Corporation (Nasdaq: IPCC) were gapping up Thursday morning with an open price 13.6% higher than Wednesday's closing price. The stock closed at $60.31 Wednesday and opened today's trading at $68.53.

The average volume for Infinity Property and Casualty has been 35,500 shares per day over the past 30 days. Infinity Property and Casualty has a market cap of $683.4 million and is part of the financial sector and insurance industry. Shares are up 6.3% year to date as of the close of trading on Wednesday.

Infinity Property and Casualty Corporation, through its subsidiaries, provides personal automobile insurance with a concentration on nonstandard auto insurance in the United States. The company has a P/E ratio of 14.4, above the average insurance industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Infinity Property and Casualty as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Infinity Property and Casualty Ratings Report.

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