BNP Paribas Arbitrage SA lifted its position in shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 49.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,923 shares of the insurance provider’s stock after acquiring an additional 1,947 shares during the quarter. BNP Paribas Arbitrage SA owned 0.05% of Infinity Property and Casualty worth $558,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Texas Permanent School Fund increased its stake in shares of Infinity Property and Casualty by 0.9% during the second quarter. Texas Permanent School Fund now owns 8,068 shares of the insurance provider’s stock worth $758,000 after acquiring an additional 75 shares during the period. Suntrust Banks Inc. increased its stake in shares of Infinity Property and Casualty by 2.7% during the second quarter. Suntrust Banks Inc. now owns 3,155 shares of the insurance provider’s stock worth $296,000 after acquiring an additional 82 shares during the period. Martingale Asset Management L P grew its position in Infinity Property and Casualty by 0.3% during the second quarter. Martingale Asset Management L P now owns 38,003 shares of the insurance provider’s stock worth $3,573,000 after buying an additional 100 shares during the period. Bessemer Group Inc. grew its position in Infinity Property and Casualty by 0.6% during the second quarter. Bessemer Group Inc. now owns 15,600 shares of the insurance provider’s stock worth $1,466,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC grew its position in Infinity Property and Casualty 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 buying an additional 218 shares during the period. Institutional investors and hedge funds own 95.88% of the company’s stock.

Several research analysts have weighed in on IPCC shares. Zacks Investment Research upgraded shares of Infinity Property and Casualty from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $94.00 target price on shares of Infinity Property and Casualty in a research report on Thursday, September 21st. Finally, BidaskClub lowered shares of Infinity Property and Casualty from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $107.00.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) opened at $108.85 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. Infinity Property and Casualty Corp. has a 1 year low of $83.00 and a 1 year high of $110.63. The firm has a market cap of $1,170.25, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.76 and a beta of 0.86.

Infinity Property and Casualty (NASDAQ:IPCC) last issued its earnings results on Monday, November 6th. The insurance provider reported $1.38 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $380.70 million for the quarter, compared to analyst estimates of $339.80 million. During the same period in the prior year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. equities analysts anticipate that Infinity Property and Casualty Corp. will post 4.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, December 7th. Infinity Property and Casualty’s dividend payout ratio (DPR) is presently 49.15%.

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

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