Headlines about Infinity Property and Casualty (NASDAQ:IPCC) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Infinity Property and Casualty earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 45.5125308790741 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of brokerages recently weighed in on IPCC. 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 target price on Infinity Property and Casualty and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research cut Infinity Property and Casualty from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, ValuEngine raised shares of Infinity Property and Casualty from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $115.00.
Infinity Property and Casualty (IPCC) traded down $1.60 on Wednesday, hitting $118.20. The stock had a trading volume of 76,088 shares, compared to its average volume of 146,091. Infinity Property and Casualty has a 12 month low of $83.00 and a 12 month high of $122.45. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1,319.90, a P/E ratio of 29.15, a P/E/G ratio of 2.25 and a beta of 0.60.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Thursday, March 15th. Infinity Property and Casualty’s dividend payout ratio is presently 56.45%.
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.
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