Shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) saw unusually-high trading volume on Monday . Approximately 96,851 shares traded hands during trading, an increase of 63% from the previous session’s volume of 59,388 shares.The stock last traded at $83.31 and had previously closed at $80.96.

Separately, Zacks Investment Research downgraded shares of Infinity Property and Casualty Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 10th.

The firm has a market cap of $918.64 million and a price-to-earnings ratio of 19.60. The company’s 50 day moving average is $78.67 and its 200-day moving average is $78.35.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by $0.42. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company earned $376 million during the quarter, compared to the consensus estimate of $388.90 million. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts anticipate that Infinity Property and Casualty Corp. will post $3.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $2.08 dividend on an annualized basis and a yield of 2.50%.

Several hedge funds have recently modified their holdings of IPCC. Nationwide Fund Advisors boosted its stake in shares of Infinity Property and Casualty Corp. by 86.1% in the fourth quarter. Nationwide Fund Advisors now owns 13,769 shares of the company’s stock valued at $1,132,000 after buying an additional 6,371 shares during the period. WBI Investments Inc. purchased a new stake in shares of Infinity Property and Casualty Corp. during the fourth quarter valued at about $1,262,000. California State Teachers Retirement System boosted its stake in shares of Infinity Property and Casualty Corp. by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 21,241 shares of the company’s stock valued at $1,747,000 after buying an additional 300 shares during the period. Bank of Montreal Can boosted its stake in shares of Infinity Property and Casualty Corp. by 0.7% in the fourth quarter. Bank of Montreal Can now owns 29,395 shares of the company’s stock valued at $2,417,000 after buying an additional 205 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Infinity Property and Casualty Corp. by 30.5% in the fourth quarter. Morgan Stanley now owns 35,919 shares of the company’s stock valued at $2,953,000 after buying an additional 8,404 shares during the period.

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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