Infinity Property and Casualty Corporation (NASDAQ:IPCC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Raymond James Financial, Inc. upgraded Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Thursday, July 13th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Infinity Property and Casualty Corporation in a report on Thursday, May 25th. Finally, UBS AG upgraded Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Infinity Property and Casualty Corporation currently has an average rating of “Hold” and a consensus price target of $101.67.

Shares of Infinity Property and Casualty Corporation (NASDAQ IPCC) opened at 93.35 on Friday. The stock has a 50 day moving average of $95.74 and a 200-day moving average of $94.03. Infinity Property and Casualty Corporation has a 12-month low of $73.80 and a 12-month high of $101.70. The firm has a market capitalization of $1.03 billion, a P/E ratio of 22.49 and a beta of 0.83.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last posted its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by $0.55. The business had revenue of $323.80 million for the quarter, compared to the consensus estimate of $330 million. Infinity Property and Casualty Corporation had a return on equity of 5.16% and a net margin of 2.58%. Infinity Property and Casualty Corporation’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. On average, equities research analysts predict that Infinity Property and Casualty Corporation will post $4.27 EPS for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of Infinity Property and Casualty Corporation by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 1,220 shares of the insurance provider’s stock worth $116,000 after buying an additional 20 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Infinity Property and Casualty Corporation during the first quarter worth about $162,000. Arxis Securities LLC purchased a new position in shares of Infinity Property and Casualty Corporation during the first quarter worth about $208,000. Mason Street Advisors LLC boosted its position in shares of Infinity Property and Casualty Corporation by 6.8% in the first quarter. Mason Street Advisors LLC now owns 2,581 shares of the insurance provider’s stock worth $246,000 after buying an additional 165 shares in the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of Infinity Property and Casualty Corporation by 0.5% in the first quarter. Suntrust Banks Inc. now owns 3,073 shares of the insurance provider’s stock worth $293,000 after buying an additional 16 shares in the last quarter. Institutional investors own 95.41% of the company’s stock.

Infinity Property and Casualty Corporation 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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