ICC (NASDAQ:ICCH) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of ICC (NASDAQ:ICCH) from a hold rating to a buy rating in a research report released on Thursday morning, ValuEngine reports.

Shares of ICC stock traded down $0.19 during trading on Thursday, hitting $13.52. The stock had a trading volume of 2,100 shares, compared to its average volume of 751. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.10 and a quick ratio of 1.23. The firm has a market cap of $45.24 million, a P/E ratio of 29.17 and a beta of 0.11. The business has a fifty day moving average of $13.70 and a two-hundred day moving average of $13.88. ICC has a fifty-two week low of $12.75 and a fifty-two week high of $15.02.

In other news, Director John R. Klockau sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $13.75, for a total value of $27,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael R. Smith acquired 9,971 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $14.00 per share, with a total value of $139,594.00. Corporate insiders own 22.50% of the company’s stock.

A hedge fund recently bought a new stake in ICC stock. United Capital Financial Advisers LLC acquired a new stake in ICC Holdings Inc (NASDAQ:ICCH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $277,000. United Capital Financial Advisers LLC owned 0.61% of ICC as of its most recent SEC filing. Institutional investors and hedge funds own 12.53% of the company’s stock.

About ICC

ICC Holdings, Inc, through its subsidiary, Illinois Casualty Company, provides property and casualty insurance products to the food and beverage industry in the United States. The company offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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