Schwab Charles Investment Management Inc. reduced its stake in shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,515 shares of the insurance provider’s stock after selling 216 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.69% of Infinity Property and Casualty Corporation worth $7,193,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of IPCC. State of Alaska Department of Revenue boosted its holdings in shares of Infinity Property and Casualty Corporation by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 2,179 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 959 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of Infinity Property and Casualty Corporation by 6.8% during the first quarter. Mason Street Advisors LLC now owns 2,581 shares of the insurance provider’s stock worth $246,000 after purchasing an additional 165 shares during the period. Oxford Asset Management acquired a new stake in shares of Infinity Property and Casualty Corporation during the first quarter worth approximately $384,000. Karp Capital Management Corp acquired a new stake in shares of Infinity Property and Casualty Corporation during the first quarter worth approximately $452,000. Finally, Aperio Group LLC boosted its holdings in shares of Infinity Property and Casualty Corporation by 4.6% during the second quarter. Aperio Group LLC now owns 4,946 shares of the insurance provider’s stock worth $465,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.

Several analysts recently commented on the stock. BidaskClub upgraded shares of Infinity Property and Casualty Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $94.00 price target on shares of Infinity Property and Casualty Corporation in a report on Friday, July 14th. Zacks Investment Research cut shares of Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Raymond James Financial, Inc. upgraded 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 report on Thursday, July 13th. Finally, UBS AG upgraded shares of Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a report 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. The company presently has a consensus rating of “Hold” and a consensus price target of $99.50.

Shares of Infinity Property and Casualty Corporation (NASDAQ IPCC) opened at 95.20 on Friday. Infinity Property and Casualty Corporation has a 1-year low of $73.80 and a 1-year high of $101.70. The firm has a market capitalization of $1.05 billion, a PE ratio of 26.37 and a beta of 0.86. The firm has a 50-day moving average of $90.79 and a 200-day moving average of $94.23.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last posted 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). Infinity Property and Casualty Corporation had a return on equity of 5.16% and a net margin of 2.58%. The business had revenue of $323.80 million for the quarter, compared to the consensus estimate of $330.00 million. During the same period in the previous year, the company posted $0.99 earnings per share. Infinity Property and Casualty Corporation’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Infinity Property and Casualty Corporation will post $3.75 EPS for the current fiscal year.

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

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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.

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

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