Infinity Property and Casualty Corporation (NASDAQ:IPCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Infinity Property is a property and casualty insurer. “

A number of other brokerages have also weighed in on IPCC. Raymond James Financial, Inc. raised shares of Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Thursday, July 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $94.00 price target on shares of Infinity Property and Casualty Corporation in a research report on Thursday, September 21st. BidaskClub upgraded shares of Infinity Property and Casualty Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, UBS AG raised shares of Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $99.50.

Shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) traded up $2.55 on Thursday, reaching $105.65. 31,126 shares of the company’s stock traded hands, compared to its average volume of 39,061. The firm has a market capitalization of $1,127.64, a P/E ratio of 22.98, a P/E/G ratio of 3.64 and a beta of 0.82. Infinity Property and Casualty Corporation has a 1-year low of $81.15 and a 1-year high of $106.13. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 0.38.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last announced its quarterly earnings data on Monday, November 6th. The insurance provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.12 by $1.26. Infinity Property and Casualty Corporation had a net margin of 3.37% and a return on equity of 7.02%. The firm had revenue of $380.70 million for the quarter, compared to analyst estimates of $339.80 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. equities analysts expect that Infinity Property and Casualty Corporation will post 3.15 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in IPCC. SG Americas Securities LLC purchased a new stake in Infinity Property and Casualty Corporation in the 3rd quarter valued at about $152,000. State of Alaska Department of Revenue boosted its holdings in Infinity Property and Casualty Corporation by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 2,179 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 959 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of Infinity Property and Casualty Corporation in the second quarter valued at approximately $224,000. Citadel Advisors LLC purchased a new stake in shares of Infinity Property and Casualty Corporation during the second quarter worth approximately $262,000. Finally, Suntrust Banks Inc. raised its stake in shares of Infinity Property and Casualty Corporation by 2.7% during the second quarter. Suntrust Banks Inc. now owns 3,155 shares of the insurance provider’s stock worth $296,000 after purchasing an additional 82 shares during the last quarter. 95.05% of the stock is currently owned by hedge funds and other institutional investors.

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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