Infinity Property and Casualty Corp. (NASDAQ:IPCC) Shares Bought by Citadel Advisors LLC

Citadel Advisors LLC grew its stake in Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 259.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,029 shares of the insurance provider’s stock after buying an additional 7,237 shares during the quarter. Citadel Advisors LLC owned 0.09% of Infinity Property and Casualty worth $945,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IPCC. Parametric Portfolio Associates LLC increased its holdings in shares of Infinity Property and Casualty by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 46,026 shares of the insurance provider’s stock valued at $4,326,000 after purchasing an additional 2,022 shares during the period. Vanguard Group Inc. grew its holdings in Infinity Property and Casualty by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,067,932 shares of the insurance provider’s stock valued at $100,386,000 after purchasing an additional 12,025 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Infinity Property and Casualty by 3.4% in the second quarter. Great West Life Assurance Co. Can now owns 16,244 shares of the insurance provider’s stock valued at $1,525,000 after purchasing an additional 530 shares during the last quarter. Teachers Advisors LLC grew its holdings in Infinity Property and Casualty by 7.7% in the second quarter. Teachers Advisors LLC now owns 19,445 shares of the insurance provider’s stock valued at $1,828,000 after purchasing an additional 1,398 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in Infinity Property and Casualty by 41.4% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 10,936 shares of the insurance provider’s stock valued at $1,027,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 95.88% of the company’s stock.

Shares of Infinity Property and Casualty Corp. (IPCC) opened at $107.50 on Monday. Infinity Property and Casualty Corp. has a 12 month low of $83.00 and a 12 month high of $110.63. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1,174.65, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86.

Infinity Property and Casualty (NASDAQ:IPCC) last released its earnings results on Monday, November 6th. The insurance provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $1.26. The company had revenue of $380.70 million for the quarter, compared to the consensus estimate of $339.80 million. Infinity Property and Casualty had a return on equity of 7.02% and a net margin of 3.37%. Infinity Property and Casualty’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. equities research analysts forecast that Infinity Property and Casualty Corp. will post 4.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, December 7th. Infinity Property and Casualty’s payout ratio is currently 49.15%.

IPCC has been the topic of several research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $94.00 target price on shares of Infinity Property and Casualty in a report on Thursday, September 21st. Zacks Investment Research upgraded Infinity Property and Casualty from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BidaskClub downgraded Infinity Property and Casualty from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $107.00.

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Infinity Property and Casualty 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.

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

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