Numeric Investors LLC increased its position in Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 548.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,100 shares of the insurance provider’s stock after buying an additional 17,000 shares during the period. Numeric Investors LLC owned 0.18% of Infinity Property and Casualty Corporation worth $1,889,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Great West Life Assurance Co. Can lifted its position in shares of Infinity Property and Casualty Corporation by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 16,244 shares of the insurance provider’s stock worth $1,525,000 after buying an additional 530 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Infinity Property and Casualty Corporation by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 58,931 shares of the insurance provider’s stock worth $5,628,000 after buying an additional 2,677 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Infinity Property and Casualty Corporation by 240.5% in the second quarter. Russell Investments Group Ltd. now owns 22,824 shares of the insurance provider’s stock worth $2,146,000 after buying an additional 16,120 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Infinity Property and Casualty Corporation by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 76,731 shares of the insurance provider’s stock worth $7,328,000 after buying an additional 6,196 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Infinity Property and Casualty Corporation by 53.5% in the second quarter. BNP Paribas Arbitrage SA now owns 3,976 shares of the insurance provider’s stock worth $374,000 after buying an additional 1,385 shares in the last quarter. Institutional investors own 95.16% of the company’s stock.

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IPCC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $94.00 price objective on shares of Infinity Property and Casualty Corporation in a research report on Thursday, September 21st. Zacks Investment Research cut Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub cut Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Raymond James Financial, Inc. raised Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Thursday, July 13th. Finally, UBS AG raised Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $99.50.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) opened at 95.20 on Friday. Infinity Property and Casualty Corporation has a 52 week low of $73.80 and a 52 week high of $101.70. The company has a market cap of $1.05 billion, a PE ratio of 26.37 and a beta of 0.86. The company has a 50-day moving average price of $90.79 and a 200 day moving average price of $94.23.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last announced its 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 firm had revenue of $323.80 million during the quarter, compared to analysts’ expectations of $330.00 million. Infinity Property and Casualty Corporation had a net margin of 2.58% and a return on equity of 5.16%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. On average, equities research analysts forecast that Infinity Property and Casualty Corporation will post $3.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, September 7th. Infinity Property and Casualty Corporation’s payout ratio is 64.09%.

About Infinity Property and Casualty Corporation

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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