Infinity Property & Casualty Co. (IPCC) Received $113.00 Average Target Price from Analysts

Infinity Property & Casualty Co. (IPCC) Received $113.00 Average Target Price from Analysts

A number of brokerages have issued reports on IPCC. BidaskClub upgraded shares of Infinity Property & Casualty from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 17th. Zacks Investment Research lowered shares of Infinity Property & Casualty from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. ValuEngine upgraded shares of Infinity Property & Casualty from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Keefe, Bruyette & Woods set a $121.00 price target on shares of Infinity Property & Casualty and gave the stock a “hold” rating in a research report on Tuesday, February 13th.

Infinity Property & Casualty Co. (NASDAQ:IPCC) has earned an average rating of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $113.00.

Shares of NASDAQ:IPCC opened at $121.45 on Friday. Infinity Property & Casualty has a 12-month low of $83.00 and a 12-month high of $122.45. The company has a market cap of $1,320.45, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 2.25 and a beta of 0.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38.

Infinity Property & Casualty (NASDAQ:IPCC) last announced its earnings results on Tuesday, February 13th. The insurance provider reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.78. Infinity Property & Casualty had a net margin of 2.98% and a return on equity of 7.57%. The firm had revenue of $356.10 million for the quarter, compared to analyst estimates of $346.40 million. equities analysts expect that Infinity Property & Casualty will post 5.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $2.32 annualized dividend and a dividend yield of 1.91%. Infinity Property & Casualty’s dividend payout ratio is 47.44%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Infinity Property & Casualty during the 3rd quarter worth approximately $152,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Infinity Property & Casualty during the 4th quarter worth approximately $192,000. Wolverine Trading LLC acquired a new stake in shares of Infinity Property & Casualty during the 4th quarter worth approximately $349,000. Jefferies Group LLC acquired a new stake in shares of Infinity Property & Casualty during the 4th quarter worth approximately $363,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Infinity Property & Casualty during the 4th quarter worth approximately $405,000. Institutional investors and hedge funds own 96.10% of the company’s stock.

Infinity Property & Casualty Company Profile

Infinity Property and Casualty Corporation, through its subsidiaries, provides personal auto insurance products in the United States. The company offers nonstandard, commercial, and classic collector auto insurance products. It also provides reinsurance products and services. The company distributes its products primarily through a network of independent agencies and brokers.

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