Shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation and one has assigned a buy recommendation to the company.

Brokers have set a 12-month consensus price objective of $103.50 for the company and are forecasting that the company will post $1.47 EPS for the current quarter, according to Zacks. Zacks has also assigned Infinity Property and Casualty an industry rank of 47 out of 265 based on the ratings given to related companies.

A number of research firms have recently issued reports on IPCC. Zacks Investment Research upgraded shares of Infinity Property and Casualty from a “hold” rating to a “strong-buy” rating and set a $119.00 price target on the stock in a report on Friday, January 12th. BidaskClub lowered shares of Infinity Property and Casualty from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $105.00 price target on shares of Infinity Property and Casualty in a report on Friday, December 22nd.

Infinity Property and Casualty (NASDAQ IPCC) traded down $1.50 during midday trading on Friday, hitting $100.65. 35,678 shares of the company were exchanged, compared to its average volume of 57,477. 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 has a twelve month low of $83.00 and a twelve month high of $110.63. The company has a market cap of $1,106.33 and a P/E ratio of 21.51.

Infinity Property and Casualty (NASDAQ:IPCC) last released its earnings results on Monday, November 6th. The insurance provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $1.26. Infinity Property and Casualty had a net margin of 3.37% and a return on equity of 7.02%. The business had revenue of $380.70 million for the quarter, compared to the consensus estimate of $339.80 million. During the same period in the previous year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. analysts forecast that Infinity Property and Casualty will post 4.11 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in IPCC. Wells Fargo & Company MN raised its holdings in shares of Infinity Property and Casualty by 15.5% during the second quarter. Wells Fargo & Company MN now owns 8,865 shares of the insurance provider’s stock valued at $833,000 after acquiring an additional 1,189 shares during the period. Teachers Advisors LLC increased its stake in Infinity Property and Casualty by 7.7% in the 2nd quarter. Teachers Advisors LLC now owns 19,445 shares of the insurance provider’s stock valued at $1,828,000 after buying an additional 1,398 shares during the period. Ameriprise Financial Inc. increased its stake in Infinity Property and Casualty by 23.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 72,672 shares of the insurance provider’s stock valued at $6,832,000 after buying an additional 13,741 shares during the period. Nationwide Fund Advisors increased its stake in Infinity Property and Casualty by 169.1% in the 2nd quarter. Nationwide Fund Advisors now owns 17,004 shares of the insurance provider’s stock valued at $1,598,000 after buying an additional 10,685 shares during the period. Finally, BlackRock Inc. increased its stake in Infinity Property and Casualty by 8.3% in the 2nd quarter. BlackRock Inc. now owns 1,501,114 shares of the insurance provider’s stock valued at $141,106,000 after buying an additional 114,554 shares during the period. Institutional investors and hedge funds own 95.62% of the company’s stock.

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About Infinity Property and Casualty

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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