Boston Partners Buys 5,035 Shares of Infinity Property and Casualty Corporation (IPCC)

Boston Partners lifted its stake in Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,807 shares of the insurance provider’s stock after purchasing an additional 5,035 shares during the period. Boston Partners owned about 1.83% of Infinity Property and Casualty Corporation worth $19,010,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in Infinity Property and Casualty Corporation by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 2,179 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 959 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Infinity Property and Casualty Corporation during the second quarter worth about $224,000. Citadel Advisors LLC acquired a new stake in shares of Infinity Property and Casualty Corporation during the second quarter worth about $262,000. Suntrust Banks Inc. increased its position in shares of Infinity Property and Casualty Corporation by 2.7% during the second quarter. Suntrust Banks Inc. now owns 3,155 shares of the insurance provider’s stock worth $296,000 after purchasing an additional 82 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Infinity Property and Casualty Corporation by 37.6% during the second quarter. UBS Asset Management Americas Inc. now owns 3,658 shares of the insurance provider’s stock worth $344,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.

A number of research firms have recently commented on IPCC. Zacks Investment Research upgraded Infinity Property and Casualty Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub lowered Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $94.00 price target on shares of Infinity Property and Casualty Corporation in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $99.50.

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Shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) opened at $106.50 on Tuesday. The company has a market capitalization of $1,168.06, a P/E ratio of 23.81, a PEG ratio of 3.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.48. Infinity Property and Casualty Corporation has a 52 week low of $81.65 and a 52 week high of $108.10.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last announced its quarterly earnings results on Monday, November 6th. The insurance provider reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $1.26. The business had revenue of $380.70 million for the quarter, compared to analyst estimates of $339.80 million. Infinity Property and Casualty Corporation had a return on equity of 7.02% and a net margin of 3.37%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 EPS. research analysts expect that Infinity Property and Casualty Corporation will post 3.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.58 per share. The ex-dividend date is Thursday, December 7th. This represents a $2.32 annualized dividend and a dividend yield of 2.18%. Infinity Property and Casualty Corporation’s dividend payout ratio is currently 49.15%.

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

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