Infinity Property and Casualty Corporation (NASDAQ:IPCC) Earns Daily Coverage Optimism Rating of -0.07

Media headlines about Infinity Property and Casualty Corporation (NASDAQ:IPCC) have trended somewhat negative on Saturday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, 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 media headlines about the insurance provider an impact score of 45.8382792990318 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

IPCC has been the subject of several analyst reports. UBS AG upgraded shares of Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, July 13th. Zacks Investment Research cut shares of Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub upgraded shares of Infinity Property and Casualty Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Infinity Property and Casualty Corporation in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $101.67.

Infinity Property and Casualty Corporation (IPCC) traded down 0.05% on Friday, reaching $91.35. 29,865 shares of the company’s stock traded hands. The stock has a 50-day moving average of $95.17 and a 200 day moving average of $94.44. Infinity Property and Casualty Corporation has a 52 week low of $73.80 and a 52 week high of $101.70. The firm has a market capitalization of $1.01 billion, a P/E ratio of 25.30 and a beta of 0.83.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last issued its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $323.80 million during the quarter, compared to analyst estimates of $330 million. During the same period last year, the business earned $0.99 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. On average, equities analysts expect that Infinity Property and Casualty Corporation will post $3.73 EPS for the current fiscal year.

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

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