First Quadrant L P CA Acquires 9,317 Shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC)

First Quadrant L P CA raised its stake in Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 79.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,017 shares of the insurance provider’s stock after buying an additional 9,317 shares during the period. First Quadrant L P CA owned approximately 0.19% of Infinity Property and Casualty Corporation worth $1,976,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of IPCC. BlackRock Inc. increased its position in Infinity Property and Casualty Corporation by 51,734.0% in the first quarter. BlackRock Inc. now owns 1,386,560 shares of the insurance provider’s stock valued at $132,418,000 after buying an additional 1,383,885 shares during the last quarter. Norges Bank acquired a new stake in shares of Infinity Property and Casualty Corporation during the fourth quarter valued at about $19,236,000. Vanguard Group Inc. increased its stake in shares of Infinity Property and Casualty Corporation by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,055,907 shares of the insurance provider’s stock valued at $100,839,000 after buying an additional 71,831 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Infinity Property and Casualty Corporation by 30.2% in the first quarter. Thrivent Financial For Lutherans now owns 188,291 shares of the insurance provider’s stock valued at $17,982,000 after buying an additional 43,660 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Infinity Property and Casualty Corporation by 4.4% in the fourth quarter. Macquarie Group Ltd. now owns 660,496 shares of the insurance provider’s stock valued at $58,058,000 after buying an additional 27,878 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Infinity Property and Casualty Corporation (NASDAQ IPCC) traded down 0.05% during midday trading on Friday, hitting $91.35. The stock had a trading volume of 29,865 shares. The firm has a market capitalization of $1.01 billion, a PE ratio of 25.30 and a beta of 0.83. Infinity Property and Casualty Corporation has a 1-year low of $73.80 and a 1-year high of $101.70. The company’s 50 day moving average price is $95.17 and its 200-day moving average price is $94.44.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last announced its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by $0.55. Infinity Property and Casualty Corporation had a net margin of 2.58% and a return on equity of 5.16%. The company had revenue of $323.80 million during the quarter, compared to analyst estimates of $330 million. During the same quarter last year, the company posted $0.99 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Equities analysts predict that Infinity Property and Casualty Corporation will post $3.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a $0.58 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.32 dividend on an annualized basis and a yield of 2.54%. Infinity Property and Casualty Corporation’s dividend payout ratio (DPR) is currently 64.09%.

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IPCC has been the topic of several research analyst reports. UBS AG raised Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 13th. Zacks Investment Research downgraded Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $94.00 price target on shares of Infinity Property and Casualty Corporation in a research report on Friday, July 14th. Finally, BidaskClub downgraded Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $101.67.

About Infinity Property and Casualty Corporation

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.

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

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