ICC (NASDAQ:ICCH) Shares Down 0.2% – Here’s Why

ICC Holdings, Inc. (NASDAQ:ICCH) fell 0.2% during mid-day trading on Friday . The stock traded as low as $23.10 and last traded at $23.15. 354 shares changed hands during trading, a decline of 91% from the average session volume of 3,960 shares. The stock had previously closed at $23.20.

ICC Stock Down 0.2 %

The business’s 50 day simple moving average is $23.29 and its 200 day simple moving average is $23.06. The company has a market capitalization of $72.69 million, a PE ratio of 10.43 and a beta of 0.31. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.21.

ICC (NASDAQ:ICCH) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.69 EPS for the quarter. ICC had a net margin of 7.13% and a return on equity of 9.58%. The business had revenue of $24.38 million during the quarter.

Institutional Investors Weigh In On ICC

A hedge fund recently raised its stake in ICC stock. Geode Capital Management LLC grew its holdings in ICC Holdings, Inc. (NASDAQ:ICCH) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,728 shares of the company’s stock after purchasing an additional 2,200 shares during the period. Geode Capital Management LLC owned about 0.44% of ICC worth $315,000 as of its most recent SEC filing. Institutional investors own 46.50% of the company’s stock.

About ICC

ICC Holdings, Inc, together with its subsidiaries, provides property and casualty insurance products to the food and beverage industry in the United States. It offers commercial multi-peril, liquor liability, workers' compensation, and umbrella liability insurance products. The company markets its products through independent agents in Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Pennsylvania, Utah, and Wisconsin.