Shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has assigned a buy rating to the company. Infinity Property and Casualty Corp.’s rating score has declined by 28.8% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a one year consensus price objective of $80.00 for the company and are anticipating that the company will post $0.98 EPS for the current quarter, according to Zacks. Zacks has also assigned Infinity Property and Casualty Corp. an industry rank of 188 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded Infinity Property and Casualty Corp. from a “hold” rating to a “sell” rating in a research note on Friday, August 5th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Infinity Property and Casualty Corp. by 3.7% in the second quarter. Vanguard Group Inc. now owns 921,503 shares of the company’s stock valued at $74,328,000 after buying an additional 32,726 shares during the last quarter. Macquarie Group Ltd. increased its position in Infinity Property and Casualty Corp. by 5.8% in the second quarter. Macquarie Group Ltd. now owns 626,990 shares of the company’s stock valued at $50,573,000 after buying an additional 34,374 shares during the last quarter. Victory Capital Management Inc. increased its position in Infinity Property and Casualty Corp. by 25.9% in the second quarter. Victory Capital Management Inc. now owns 532,583 shares of the company’s stock valued at $42,959,000 after buying an additional 109,400 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Infinity Property and Casualty Corp. by 2.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 315,709 shares of the company’s stock valued at $25,415,000 after buying an additional 8,486 shares during the last quarter. Finally, Skyline Asset Management LP increased its position in Infinity Property and Casualty Corp. by 4.7% in the first quarter. Skyline Asset Management LP now owns 277,900 shares of the company’s stock valued at $22,371,000 after buying an additional 12,400 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) opened at 84.00 on Monday. Infinity Property and Casualty Corp. has a 52 week low of $73.27 and a 52 week high of $87.61. The stock has a 50 day moving average price of $83.02 and a 200 day moving average price of $79.90. The firm has a market cap of $929.38 million, a price-to-earnings ratio of 20.70 and a beta of 0.59.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.23. Infinity Property and Casualty Corp. had a return on equity of 6.42% and a net margin of 3.06%. The firm earned $375.10 million during the quarter, compared to the consensus estimate of $339.70 million. During the same period last year, the business posted $1.16 EPS. Equities research analysts expect that Infinity Property and Casualty Corp. will post $3.85 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.48%. The ex-dividend date is Wednesday, September 14th. Infinity Property and Casualty Corp.’s payout ratio is currently 51.36%.

About Infinity Property and Casualty Corp.

Infinity Property and Casualty Corporation is a holding company that, through its subsidiaries, provides personal automobile insurance with a focus on the nonstandard market. The Company writes personal automobile insurance with a concentration on nonstandard automobile insurance, mono-line commercial vehicle insurance and classic collector automobile insurance.

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