Infinity Property and Casualty Corporation (NASDAQ:IPCC) Receives Daily Media Impact Rating of -0.07

Media headlines about Infinity Property and Casualty Corporation (NASDAQ:IPCC) have trended somewhat negative recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Infinity Property and Casualty Corporation earned a media sentiment score of -0.07 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 45.8382792990318 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Several equities analysts recently weighed in on IPCC shares. Raymond James Financial, Inc. upgraded Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research report on Thursday, July 13th. BidaskClub upgraded Infinity Property and Casualty Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Infinity Property and Casualty Corporation from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Wednesday, June 21st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Infinity Property and Casualty Corporation in a research report on Thursday, May 25th. 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 company. Infinity Property and Casualty Corporation has a consensus rating of “Hold” and an average target price of $101.67.

Shares of Infinity Property and Casualty Corporation (NASDAQ IPCC) traded down 2.14% during trading on Friday, hitting $91.55. The stock had a trading volume of 29,779 shares. The firm has a 50 day moving average price of $95.50 and a 200 day moving average price of $94.28. The firm has a market cap of $1.01 billion, a P/E ratio of 25.36 and a beta of 0.83. Infinity Property and Casualty Corporation has a 12-month low of $73.80 and a 12-month high of $101.70.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last released its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by $0.55. Infinity Property and Casualty Corporation had a return on equity of 5.16% and a net margin of 2.58%. The business had revenue of $323.80 million during the quarter, compared to analyst estimates of $330 million. During the same period in the previous year, the company earned $0.99 EPS. Infinity Property and Casualty Corporation’s revenue was down 3.9% on a year-over-year basis. On average, equities analysts expect that Infinity Property and Casualty Corporation will post $4.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, September 7th. Infinity Property and Casualty Corporation’s payout ratio is currently 64.09%.

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Infinity Property and Casualty Corporation 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.

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

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