Infinity Property and Casualty Corp. (NASDAQ:IPCC) gapped up prior to trading on Wednesday . The stock had previously closed at $81.69, but opened at $81.72. Infinity Property and Casualty Corp. shares last traded at $82.66, with a volume of 20,430 shares trading hands.

Separately, Zacks Investment Research upgraded shares of Infinity Property and Casualty Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th.

The firm has a market cap of $912.01 million and a PE ratio of 19.46. The stock’s 50 day moving average is $79.67 and its 200 day moving average is $78.41.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $2.08 annualized dividend and a dividend yield of 2.52%.

Other institutional investors have bought and sold shares of the company. WBI Investments Inc. acquired a new position in Infinity Property and Casualty Corp. during the fourth quarter valued at $1,262,000. Victory Capital Management Inc. increased its position in Infinity Property and Casualty Corp. by 21.4% in the fourth quarter. Victory Capital Management Inc. now owns 367,281 shares of the company’s stock valued at $30,201,000 after buying an additional 64,674 shares during the last quarter. Principal Financial Group Inc. increased its position in Infinity Property and Casualty Corp. by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 77,228 shares of the company’s stock valued at $6,350,000 after buying an additional 5,286 shares during the last quarter. Bank of Montreal Can increased its position in 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 last quarter. Finally, Boston Partners increased its position in Infinity Property and Casualty Corp. by 5.6% in the fourth quarter. Boston Partners now owns 178,593 shares of the company’s stock valued at $14,686,000 after buying an additional 9,538 shares during the last quarter.

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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