Infinity Property and Casualty (NASDAQ:IPCC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Infinity Property is a property and casualty insurer. “

IPCC has been the subject of a number of other reports. BidaskClub lowered shares of Infinity Property and Casualty from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $94.00 price target on shares of Infinity Property and Casualty in a report on Thursday, September 21st. One equities 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 an average rating of “Buy” and an average target price of $109.67.

Infinity Property and Casualty (NASDAQ IPCC) traded up $0.45 on Wednesday, reaching $105.00. 35,209 shares of the company were exchanged, compared to its average volume of 45,780. The firm has a market cap of $1,147.33, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87. Infinity Property and Casualty has a 1-year low of $83.00 and a 1-year high of $110.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.48.

Infinity Property and Casualty (NASDAQ:IPCC) last released its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $1.26. The business had revenue of $380.70 million during the quarter, compared to analyst estimates of $339.80 million. Infinity Property and Casualty had a net margin of 3.37% and a return on equity of 7.02%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.17 EPS. analysts forecast that Infinity Property and Casualty will post 4.31 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. boosted its stake in Infinity Property and Casualty by 2.7% during the 2nd quarter. Suntrust Banks Inc. now owns 3,155 shares of the insurance provider’s stock valued at $296,000 after acquiring an additional 82 shares during the last quarter. Martingale Asset Management L P boosted its stake in Infinity Property and Casualty by 0.3% during the 2nd quarter. Martingale Asset Management L P now owns 38,003 shares of the insurance provider’s stock valued at $3,573,000 after acquiring an additional 100 shares during the last quarter. Voya Investment Management LLC boosted its stake in Infinity Property and Casualty by 5.1% during the 2nd quarter. Voya Investment Management LLC now owns 6,793 shares of the insurance provider’s stock valued at $639,000 after acquiring an additional 329 shares during the last quarter. Legal & General Group Plc boosted its stake in Infinity Property and Casualty by 2.9% during the 3rd quarter. Legal & General Group Plc now owns 21,879 shares of the insurance provider’s stock valued at $2,061,000 after acquiring an additional 612 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in Infinity Property and Casualty by 21.2% during the 2nd quarter. Susquehanna International Group LLP now owns 3,877 shares of the insurance provider’s stock valued at $364,000 after acquiring an additional 677 shares during the last quarter. 95.84% of the stock is owned by institutional investors and hedge funds.

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Infinity Property and Casualty 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.

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