Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) in a research note issued to investors on Thursday. Keefe, Bruyette & Woods currently has a $94.00 price target on the insurance provider’s stock.

IPCC has been the topic of a number of other reports. Raymond James Financial, Inc. upgraded 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 report on Thursday, July 13th. BidaskClub lowered shares of Infinity Property and Casualty Corporation from a hold rating to a sell rating in a research report on Saturday, August 5th. Zacks Investment Research lowered shares of Infinity Property and Casualty Corporation from a buy rating to a hold rating in a research report on Wednesday, July 5th. Finally, UBS AG upgraded shares of Infinity Property and Casualty Corporation from a market perform rating to an outperform rating in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $101.67.

Infinity Property and Casualty Corporation (IPCC) traded up 0.17% during mid-day trading on Thursday, reaching $89.95. 13,813 shares of the company were exchanged. The firm has a market capitalization of $992.78 million, a P/E ratio of 24.92 and a beta of 0.86. The stock has a 50-day moving average of $90.89 and a 200 day moving average of $94.48. Infinity Property and Casualty Corporation has a 1-year low of $73.80 and a 1-year high of $101.70.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last announced its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.55). The company had revenue of $323.80 million during the quarter, compared to analysts’ expectations of $330.00 million. Infinity Property and Casualty Corporation had a net margin of 2.58% and a return on equity of 5.16%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 earnings per share. Equities research analysts forecast that Infinity Property and Casualty Corporation will post $3.75 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.58%. Infinity Property and Casualty Corporation’s dividend payout ratio (DPR) is presently 64.09%.

Several institutional investors and hedge funds have recently made changes to their positions in IPCC. State of Alaska Department of Revenue grew its position in shares of Infinity Property and Casualty Corporation by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 2,179 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 959 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Infinity Property and Casualty Corporation during the second quarter worth approximately $224,000. Mason Street Advisors LLC grew its position in shares of Infinity Property and Casualty Corporation by 6.8% during the first quarter. Mason Street Advisors LLC now owns 2,581 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 165 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Infinity Property and Casualty Corporation during the second quarter worth approximately $262,000. Finally, Suntrust Banks Inc. grew its position in shares of Infinity Property and Casualty Corporation by 0.5% during the first quarter. Suntrust Banks Inc. now owns 3,073 shares of the insurance provider’s stock worth $293,000 after acquiring an additional 16 shares during the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

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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