Infinity Property and Casualty Corp. (NASDAQ:IPCC) has been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell recommendation and one has issued a buy recommendation on the company.

Analysts have set a 1-year consensus price target of $103.50 for the company and are anticipating that the company will post $1.67 earnings per share for the current quarter, according to Zacks. Zacks has also given Infinity Property and Casualty an industry rank of 191 out of 265 based on the ratings given to its competitors.

A number of equities analysts have weighed in on IPCC shares. Zacks Investment Research lowered shares of Infinity Property and Casualty from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $94.00 price target on shares of Infinity Property and Casualty in a report on Thursday, September 21st. Finally, BidaskClub lowered shares of Infinity Property and Casualty from a “hold” rating to a “sell” rating in a report on Tuesday.

Shares of Infinity Property and Casualty (NASDAQ IPCC) traded down $0.25 on Wednesday, hitting $107.35. 71,100 shares of the company’s stock were exchanged, compared to its average volume of 40,566. The firm has a market cap of $1,175.71, a price-to-earnings ratio of 23.96, a PEG ratio of 2.78 and a beta of 0.86. Infinity Property and Casualty has a 52 week low of $83.00 and a 52 week high of $110.63. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.48.

Infinity Property and Casualty (NASDAQ:IPCC) last announced its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $1.26. The company had revenue of $380.70 million for the quarter, compared to analyst estimates of $339.80 million. Infinity Property and Casualty had a net margin of 3.37% and a return on equity of 7.02%. Infinity Property and Casualty’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.17 EPS. equities research analysts anticipate that Infinity Property and Casualty will post 4.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.32 annualized dividend and a dividend yield of 2.16%. Infinity Property and Casualty’s payout ratio is 49.15%.

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Infinity Property and Casualty during the 3rd quarter valued at $152,000. Piedmont Investment Advisors LLC acquired a new position in shares of Infinity Property and Casualty during the 2nd quarter valued at $224,000. Citadel Advisors LLC acquired a new position in shares of Infinity Property and Casualty during the 2nd quarter valued at $262,000. Suntrust Banks Inc. lifted its holdings in shares of Infinity Property and Casualty by 2.7% during the 2nd quarter. Suntrust Banks Inc. now owns 3,155 shares of the insurance provider’s stock valued at $296,000 after acquiring an additional 82 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Infinity Property and Casualty by 37.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,658 shares of the insurance provider’s stock valued at $344,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 95.88% of the company’s stock.

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Infinity Property and Casualty 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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