Infinity Property and Casualty Corporation (NASDAQ:IPCC)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a research note issued to investors on Thursday. They currently have a $94.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 4.04% from the company’s previous close.

Several other research firms also recently weighed in on IPCC. BidaskClub raised shares of Infinity Property and Casualty Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. raised shares of Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Thursday, July 13th. Finally, UBS AG raised shares of Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Infinity Property and Casualty Corporation presently has an average rating of “Hold” and an average target price of $101.67.

Shares of Infinity Property and Casualty Corporation (NASDAQ IPCC) opened at 90.35 on Thursday. 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 $997.19 million, a P/E ratio of 25.03 and a beta of 0.86. The company has a 50-day moving average price of $90.89 and a 200-day moving average price of $94.48.

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 for the quarter, missing the consensus estimate of $0.89 by ($0.55). The business had revenue of $323.80 million during the quarter, compared to the consensus estimate of $330.00 million. Infinity Property and Casualty Corporation had a return on equity of 5.16% and a net margin of 2.58%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. Equities analysts predict that Infinity Property and Casualty Corporation will post $3.75 EPS for the current year.

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Several large investors have recently modified their holdings of IPCC. BlackRock Inc. increased its position in shares of Infinity Property and Casualty Corporation by 51,734.0% during the first quarter. BlackRock Inc. now owns 1,386,560 shares of the insurance provider’s stock valued at $132,418,000 after buying an additional 1,383,885 shares during the period. Vanguard Group Inc. increased its position in shares of Infinity Property and Casualty Corporation by 7.3% during the first quarter. Vanguard Group Inc. now owns 1,055,907 shares of the insurance provider’s stock valued at $100,839,000 after buying an additional 71,831 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Infinity Property and Casualty Corporation by 30.2% during the first quarter. Thrivent Financial For Lutherans now owns 188,291 shares of the insurance provider’s stock valued at $17,982,000 after buying an additional 43,660 shares during the period. Macquarie Group Ltd. increased its position in shares of Infinity Property and Casualty Corporation by 3.5% during the first quarter. Macquarie Group Ltd. now owns 683,802 shares of the insurance provider’s stock valued at $65,303,000 after buying an additional 23,306 shares during the period. Finally, AJO LP purchased a new position in shares of Infinity Property and Casualty Corporation during the second quarter valued at about $2,102,000. 95.16% of the stock is owned by hedge funds and other institutional investors.

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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