Zacks: Infinity Property and Casualty Corp. (IPCC) Receives Average Recommendation of “Hold” from Analysts

Shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a sell rating and one has issued a buy rating on the company.

Analysts have set a twelve-month consensus price objective of $103.50 for the company and are expecting that the company will post $1.47 EPS for the current quarter, according to Zacks. Zacks has also given Infinity Property and Casualty an industry rank of 51 out of 265 based on the ratings given to related companies.

A number of brokerages recently commented on IPCC. Zacks Investment Research lowered Infinity Property and Casualty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $105.00 price target on shares of Infinity Property and Casualty in a research note on Friday, December 22nd. Finally, BidaskClub lowered Infinity Property and Casualty from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th.

Shares of Infinity Property and Casualty (IPCC) traded up $0.95 during mid-day trading on Monday, reaching $95.60. The company had a trading volume of 55,700 shares, compared to its average volume of 56,726. Infinity Property and Casualty has a 12 month low of $83.00 and a 12 month high of $110.63. The stock has a market capitalization of $1,044.59, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.48 and a quick ratio of 0.48.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Infinity Property and Casualty during the third quarter valued at $152,000. C M Bidwell & Associates Ltd. purchased a new position in Infinity Property and Casualty during the fourth quarter valued at $192,000. Piedmont Investment Advisors LLC purchased a new position in Infinity Property and Casualty during the second quarter valued at $224,000. Suntrust Banks Inc. lifted its position in Infinity Property and Casualty by 2.7% during the second quarter. Suntrust Banks Inc. now owns 3,155 shares of the insurance provider’s stock valued at $296,000 after buying an additional 82 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in Infinity Property and Casualty by 37.6% during the second quarter. UBS Asset Management Americas Inc. now owns 3,658 shares of the insurance provider’s stock valued at $344,000 after buying an additional 1,000 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

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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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