Susquehanna International Group LLP boosted its holdings in Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 21.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,877 shares of the insurance provider’s stock after buying an additional 677 shares during the period. Susquehanna International Group LLP’s holdings in Infinity Property and Casualty Corporation were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. increased its stake in Infinity Property and Casualty Corporation by 8.3% in the 2nd quarter. BlackRock Inc. now owns 1,501,114 shares of the insurance provider’s stock worth $141,106,000 after buying an additional 114,554 shares in the last quarter. Vanguard Group Inc. increased its stake in Infinity Property and Casualty Corporation by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 1,067,932 shares of the insurance provider’s stock worth $100,386,000 after buying an additional 12,025 shares in the last quarter. Macquarie Group Ltd. increased its stake in Infinity Property and Casualty Corporation by 2.7% in the 2nd quarter. Macquarie Group Ltd. now owns 702,536 shares of the insurance provider’s stock worth $66,038,000 after buying an additional 18,734 shares in the last quarter. State Street Corp increased its stake in Infinity Property and Casualty Corporation by 3.6% in the 2nd quarter. State Street Corp now owns 294,564 shares of the insurance provider’s stock worth $27,688,000 after buying an additional 10,315 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Infinity Property and Casualty Corporation by 4.8% in the 2nd quarter. Renaissance Technologies LLC now owns 218,100 shares of the insurance provider’s stock worth $20,501,000 after buying an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 95.16% of the company’s stock.

A number of equities research analysts have issued reports on IPCC shares. UBS AG upgraded Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $94.00 price target on shares of Infinity Property and Casualty Corporation in a research note on Friday, July 14th. Zacks Investment Research lowered Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub lowered Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Raymond James Financial, Inc. upgraded Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Infinity Property and Casualty Corporation has a consensus rating of “Hold” and an average target price of $99.50.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) opened at 93.60 on Monday. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 25.93 and a beta of 0.85. Infinity Property and Casualty Corporation has a 12 month low of $73.80 and a 12 month high of $101.70. The stock’s 50 day moving average price is $91.00 and its 200-day moving average price is $94.20.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last released its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.34 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $323.80 million for the quarter, compared to analyst estimates of $330.00 million. During the same quarter last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts expect that Infinity Property and Casualty Corporation will post $3.75 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, September 7th. This represents a $2.32 annualized dividend and a dividend yield of 2.49%. Infinity Property and Casualty Corporation’s dividend payout ratio (DPR) is presently 64.09%.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/10/16/susquehanna-international-group-llp-has-364000-holdings-in-infinity-property-and-casualty-corporation-ipcc.html.

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.

Want to see what other hedge funds are holding IPCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infinity Property and Casualty Corporation (NASDAQ:IPCC).

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

Receive News & Stock Ratings for Infinity Property and Casualty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinity Property and Casualty Corporation and related stocks with our FREE daily email newsletter.