Great West Life Assurance Co. Can cut its holdings in shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,294 shares of the insurance provider’s stock after selling 950 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.14% of Infinity Property and Casualty worth $1,458,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IPCC. Aperio Group LLC increased its position in shares of Infinity Property and Casualty by 4.6% during the 2nd quarter. Aperio Group LLC now owns 4,946 shares of the insurance provider’s stock valued at $465,000 after purchasing an additional 218 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Infinity Property and Casualty by 240.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 22,824 shares of the insurance provider’s stock valued at $2,146,000 after purchasing an additional 16,120 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Infinity Property and Casualty by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 8,068 shares of the insurance provider’s stock valued at $758,000 after purchasing an additional 75 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Infinity Property and Casualty by 9.1% during the 2nd quarter. Legal & General Group Plc now owns 21,267 shares of the insurance provider’s stock worth $2,000,000 after acquiring an additional 1,774 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Infinity Property and Casualty by 53.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,976 shares of the insurance provider’s stock worth $374,000 after acquiring an additional 1,385 shares during the period. 95.84% of the stock is owned by hedge funds and other institutional investors.

Infinity Property and Casualty Corp. (IPCC) opened at $105.65 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market capitalization of $1,161.51, a price-to-earnings ratio of 23.67, a PEG ratio of 2.74 and a beta of 0.86. Infinity Property and Casualty Corp. has a 12 month low of $83.00 and a 12 month high of $110.63.

Infinity Property and Casualty (NASDAQ:IPCC) last posted its quarterly 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. The company had revenue of $380.70 million during the quarter, compared to the consensus estimate of $339.80 million. Infinity Property and Casualty had a return on equity of 7.02% and a net margin of 3.37%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 EPS. research analysts forecast that Infinity Property and Casualty Corp. will post 4.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a $0.58 dividend. The ex-dividend date is Thursday, December 7th. This represents a $2.32 annualized dividend and a yield of 2.20%. Infinity Property and Casualty’s dividend payout ratio is currently 49.15%.

Several research analysts have recently weighed in on the company. BidaskClub downgraded Infinity Property and Casualty from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded Infinity Property and Casualty from a “hold” rating to a “strong-buy” rating and set a $122.00 price target for the company in a research note on Wednesday, November 15th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $94.00 price target on shares of Infinity Property and Casualty in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $107.00.

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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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