Infinity Property and Casualty (IPCC) Given Daily News Impact Score of -0.10
News coverage about Infinity Property and Casualty (NASDAQ:IPCC) has trended somewhat negative recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Infinity Property and Casualty earned a media sentiment score of -0.10 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.0535616294904 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Zacks: Infinity Property and Casualty Corp. (IPCC) Given $103.50 Consensus Target Price by Brokerages (americanbankingnews.com)
- ETFs with exposure to Infinity Property & Casualty Corp. : December 5, 2017 (finance.yahoo.com)
- Infinity Property & Casualty Corp. :IPCC-US: Earnings Analysis: Q3, 2017 By the Numbers : December 4, 2017 (finance.yahoo.com)
- 3 Top-Ranked Property & Casualty Insurers that Brokers Love (finance.yahoo.com)
Shares of Infinity Property and Casualty (NASDAQ IPCC) opened at $107.10 on Thursday. The company has a market capitalization of $1,172.98, a P/E ratio of 23.91, a P/E/G ratio of 2.77 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 current ratio of 0.48 and a quick ratio of 0.48.
Infinity Property and Casualty (NASDAQ:IPCC) last issued its earnings results on Monday, November 6th. The insurance provider reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $1.26. The firm had revenue of $380.70 million for the quarter, compared to analyst estimates of $339.80 million. Infinity Property and Casualty had a return on equity of 7.02% and a net margin of 3.37%. Infinity Property and Casualty’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. equities analysts expect that Infinity Property and Casualty will post 4.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.58 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $2.32 dividend on an annualized basis and a yield of 2.17%. Infinity Property and Casualty’s dividend payout ratio is currently 49.15%.
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Infinity Property and Casualty from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded Infinity Property and Casualty from a “hold” rating to a “strong-buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, November 15th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $94.00 price target on shares of Infinity Property and Casualty in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $107.00.
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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