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Research analysts at Keefe, Bruyette & Woods lowered their price objective on shares of Infinity Property & Casualty Corp. (NASDAQ:IPCC) from $84.00 to $80.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 20.65% from the stock’s previous close.

Shares of Infinity Property & Casualty Corp. (NASDAQ:IPCC) opened at 66.35 on Friday. Infinity Property & Casualty Corp. has a one year low of $59.32 and a one year high of $75.66. The stock’s 50-day moving average is $65.8 and its 200-day moving average is $67.95. The company has a market cap of $763.8 million and a P/E ratio of 22.33.

Infinity Property & Casualty Corp. (NASDAQ:IPCC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.86 by $0.04. The company had revenue of $368.00 million for the quarter, compared to the consensus estimate of $328.55 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Infinity Property & Casualty Corp. will post $3.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, September 10th.

Infinity Property and Casualty Corporation is a holding company that, through subsidiaries, provides personal automobile insurance with a concentration on nonstandard auto insurance.

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