Infinity Property and Casualty (IPCC) Earns Coverage Optimism Rating of -0.13

Media stories about Infinity Property and Casualty (NASDAQ:IPCC) have been trending somewhat negative recently, Accern Sentiment reports. Accern ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Infinity Property and Casualty earned a news sentiment score of -0.13 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 45.7663170842161 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Infinity Property and Casualty (NASDAQ IPCC) opened at $118.35 on Friday. The firm has a market capitalization of $1,291.47, a PE ratio of 24.10, a P/E/G ratio of 2.21 and a beta of 0.60. Infinity Property and Casualty has a 12 month low of $83.00 and a 12 month high of $122.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.49 and a quick ratio of 0.49.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be paid a $0.58 dividend. The ex-dividend date is Thursday, March 15th. This represents a $2.32 dividend on an annualized basis and a yield of 1.96%. Infinity Property and Casualty’s dividend payout ratio is currently 56.45%.

Several brokerages have commented on IPCC. ValuEngine upgraded shares of Infinity Property and Casualty from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. BidaskClub upgraded shares of Infinity Property and Casualty from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 17th. Keefe, Bruyette & Woods set a $121.00 price target on shares of Infinity Property and Casualty and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, Zacks Investment Research upgraded shares of Infinity Property and Casualty from a “hold” rating to a “strong-buy” rating and set a $119.00 price target on the stock in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $115.00.

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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.

Insider Buying and Selling by Quarter for Infinity Property and Casualty (NASDAQ:IPCC)

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