Analysts Anticipate Infinity Property and Casualty Corporation (IPCC) to Announce $0.60 EPS

Shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) have been given a consensus broker rating score of 3.33 (Hold) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation and two have issued a hold recommendation on the company. Infinity Property and Casualty Corporation’s rating score has declined by 11% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $82.50 for the company and are expecting that the company will post $0.60 EPS for the current quarter, according to Zacks. Zacks has also assigned Infinity Property and Casualty Corporation an industry rank of 65 out of 265 based on the ratings given to related companies.

A number of analysts have recently commented on IPCC shares. Zacks Investment Research cut Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research report on Friday, October 21st. Keefe, Bruyette & Woods started coverage on Infinity Property and Casualty Corporation in a research report on Tuesday, November 1st. They issued a “market perform” rating and a $89.00 price target on the stock. Finally, Raymond James Financial, Inc. cut Infinity Property and Casualty Corporation from an “outperform” rating to a “mkt perform” rating in a research report on Friday, January 20th.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) opened at 87.60 on Monday. The firm’s 50 day moving average price is $87.26 and its 200-day moving average price is $84.67. Infinity Property and Casualty Corporation has a one year low of $73.26 and a one year high of $90.50. The firm has a market cap of $968.42 million, a PE ratio of 30.00 and a beta of 0.65.

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In related news, VP Samuel J. Simon sold 4,500 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $87.70, for a total value of $394,650.00. Following the transaction, the vice president now owns 78,892 shares in the company, valued at approximately $6,918,828.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.28% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Infinity Property and Casualty Corporation by 3.7% in the second quarter. Vanguard Group Inc. now owns 921,503 shares of the company’s stock valued at $74,328,000 after buying an additional 32,726 shares during the period. BlackRock Fund Advisors raised its stake in shares of Infinity Property and Casualty Corporation by 12.2% in the third quarter. BlackRock Fund Advisors now owns 773,371 shares of the company’s stock worth $63,904,000 after buying an additional 84,032 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Infinity Property and Casualty Corporation by 5.8% in the second quarter. Macquarie Group Ltd. now owns 626,990 shares of the company’s stock worth $50,573,000 after buying an additional 34,374 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Infinity Property and Casualty Corporation by 3.7% in the third quarter. Victory Capital Management Inc. now owns 552,214 shares of the company’s stock worth $45,630,000 after buying an additional 19,631 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Infinity Property and Casualty Corporation by 11.3% in the fourth quarter. State Street Corp now owns 271,862 shares of the company’s stock worth $23,898,000 after buying an additional 27,685 shares in the last quarter. Hedge funds and other institutional investors own 97.39% of the company’s stock.

About Infinity Property and Casualty Corporation

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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