California State Teachers Retirement System decreased its holdings in shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 10.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,071 shares of the insurance provider’s stock after selling 2,164 shares during the period. California State Teachers Retirement System owned 0.17% of Infinity Property and Casualty Corporation worth $1,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp raised its position in Infinity Property and Casualty Corporation by 3.6% during the 2nd quarter. State Street Corp now owns 294,564 shares of the insurance provider’s stock valued at $27,688,000 after purchasing an additional 10,315 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Infinity Property and Casualty Corporation by 41.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,936 shares of the insurance provider’s stock valued at $1,027,000 after purchasing an additional 3,200 shares during the last quarter. Macquarie Group Ltd. raised its position in Infinity Property and Casualty Corporation by 2.7% during the 2nd quarter. Macquarie Group Ltd. now owns 702,536 shares of the insurance provider’s stock valued at $66,038,000 after purchasing an additional 18,734 shares during the last quarter. QS Investors LLC raised its position in Infinity Property and Casualty Corporation by 1,634.1% during the 2nd quarter. QS Investors LLC now owns 8,584 shares of the insurance provider’s stock valued at $807,000 after purchasing an additional 8,089 shares during the last quarter. Finally, Numeric Investors LLC raised its position in Infinity Property and Casualty Corporation by 548.4% during the 2nd quarter. Numeric Investors LLC now owns 20,100 shares of the insurance provider’s stock valued at $1,889,000 after purchasing an additional 17,000 shares during the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on IPCC. BidaskClub lowered Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $94.00 target price on shares of Infinity Property and Casualty Corporation in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Infinity Property and Casualty Corporation presently has an average rating of “Buy” and a consensus target price of $107.00.

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Infinity Property and Casualty Corporation (IPCC) opened at $108.50 on Friday. Infinity Property and Casualty Corporation has a 52-week low of $81.65 and a 52-week high of $109.90. The stock has a market capitalization of $1,171.34, a P/E ratio of 23.88, a PEG ratio of 2.77 and a beta of 0.82. 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 Corporation (NASDAQ:IPCC) last announced its earnings results on Monday, November 6th. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $1.26. Infinity Property and Casualty Corporation had a return on equity of 7.02% and a net margin of 3.37%. The firm had revenue of $380.70 million during the quarter, compared to analyst estimates of $339.80 million. During the same quarter in the prior year, the company earned $0.17 EPS. The business’s revenue was up .7% compared to the same quarter last year. research analysts expect that Infinity Property and Casualty Corporation will post 4.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, December 7th. Infinity Property and Casualty Corporation’s dividend payout ratio is currently 49.15%.

Infinity Property and Casualty Corporation 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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Institutional Ownership by Quarter for Infinity Property and Casualty Corporation (NASDAQ:IPCC)

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