Infinity Property and Casualty (NASDAQ:IPCC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other research firms have also issued reports on IPCC. ValuEngine upgraded shares of Infinity Property and Casualty from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research upgraded shares of Infinity Property and Casualty from a “hold” rating to a “strong-buy” rating and set a $119.00 price target on the stock in a research report on Friday, January 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $105.00 price target on shares of Infinity Property and Casualty in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Infinity Property and Casualty has an average rating of “Buy” and a consensus price target of $115.00.

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Shares of IPCC stock opened at $117.80 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1,313.89, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.24 and a beta of 0.60. Infinity Property and Casualty has a 12-month low of $83.00 and a 12-month high of $122.45.

Infinity Property and Casualty (NASDAQ:IPCC) last posted its quarterly earnings results on Tuesday, February 13th. The insurance provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.78. The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $346.40 million. Infinity Property and Casualty had a net margin of 2.98% and a return on equity of 7.57%. sell-side analysts predict that Infinity Property and Casualty will post 5.95 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in IPCC. SG Americas Securities LLC bought a new position in shares of Infinity Property and Casualty during the 3rd quarter worth about $152,000. C M Bidwell & Associates Ltd. bought a new position in shares of Infinity Property and Casualty during the 4th quarter worth about $192,000. Wolverine Trading LLC bought a new position in shares of Infinity Property and Casualty during the 4th quarter worth about $349,000. Jefferies Group LLC bought a new position in shares of Infinity Property and Casualty during the 4th quarter worth about $363,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Infinity Property and Casualty during the 4th quarter worth about $405,000. 97.26% of the stock is owned by institutional investors.

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About Infinity Property and Casualty

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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