Infinity Property and Casualty Corporation (NASDAQ:IPCC) has been given an average broker rating score of 3.00 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating on the company.

Analysts have set a twelve-month consensus target price of $97.00 for the company and are expecting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Infinity Property and Casualty Corporation an industry rank of 244 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently commented on the company. Raymond James Financial, Inc. raised Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research note on Thursday, July 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $94.00 price objective on shares of Infinity Property and Casualty Corporation in a research note on Thursday, September 21st. BidaskClub raised Infinity Property and Casualty Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research cut Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, UBS Group AG (USA) raised Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 13th.

Shares of Infinity Property and Casualty Corporation (IPCC) traded down $1.05 during mid-day trading on Friday, reaching $93.05. 30,474 shares of the company’s stock were exchanged, compared to its average volume of 33,244. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.03 billion, a P/E ratio of 28.57, a PEG ratio of 3.31 and a beta of 0.82.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last announced its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.55). Infinity Property and Casualty Corporation had a return on equity of 5.16% and a net margin of 2.58%. The company had revenue of $323.80 million for the quarter, compared to analyst estimates of $330.00 million. During the same period last year, the firm earned $0.99 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. research analysts expect that Infinity Property and Casualty Corporation will post 3.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.32 dividend on an annualized basis and a yield of 2.49%. Infinity Property and Casualty Corporation’s payout ratio is 64.09%.

A number of large investors have recently bought and sold shares of IPCC. BlackRock Inc. grew its stake in Infinity Property and Casualty Corporation by 51,734.0% in the first quarter. BlackRock Inc. now owns 1,386,560 shares of the insurance provider’s stock valued at $132,418,000 after acquiring an additional 1,383,885 shares during the period. Vanguard Group Inc. grew its stake in Infinity Property and Casualty Corporation by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,055,907 shares of the insurance provider’s stock valued at $100,839,000 after acquiring an additional 71,831 shares during the period. Victory Capital Management Inc. grew its stake in Infinity Property and Casualty Corporation by 3.9% in the third quarter. Victory Capital Management Inc. now owns 619,037 shares of the insurance provider’s stock valued at $58,313,000 after acquiring an additional 23,158 shares during the period. AJO LP acquired a new position in Infinity Property and Casualty Corporation in the second quarter valued at about $2,102,000. Finally, Shell Asset Management Co. acquired a new position in Infinity Property and Casualty Corporation in the third quarter valued at about $1,375,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

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Infinity Property and Casualty Corporation Company Profile

Infinity Property and Casualty Corporation is a holding company. The Company’s segments include Personal Auto, Commercial Vehicle and Classic Collector (its segments are Personal Auto and Commercial Vehicle). The Company writes personal automobile insurance with a concentration on nonstandard automobile insurance, commercial vehicle insurance and classic collector automobile insurance.

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