Infinity Property and Casualty Corporation (IPCC) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC raised its position in Infinity Property and Casualty Corporation (NASDAQ:IPCC) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,581 shares of the insurance provider’s stock after buying an additional 165 shares during the period. Mason Street Advisors LLC’s holdings in Infinity Property and Casualty Corporation were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Martingale Asset Management L P raised its position in shares of Infinity Property and Casualty Corporation by 7.5% in the fourth quarter. Martingale Asset Management L P now owns 36,003 shares of the insurance provider’s stock worth $3,165,000 after buying an additional 2,500 shares during the period. Macquarie Group Ltd. raised its position in shares of Infinity Property and Casualty Corporation by 4.4% in the fourth quarter. Macquarie Group Ltd. now owns 660,496 shares of the insurance provider’s stock worth $58,058,000 after buying an additional 27,878 shares during the period. Teachers Advisors LLC raised its position in shares of Infinity Property and Casualty Corporation by 2.5% in the fourth quarter. Teachers Advisors LLC now owns 17,723 shares of the insurance provider’s stock worth $1,558,000 after buying an additional 427 shares during the period. Norges Bank acquired a new position in shares of Infinity Property and Casualty Corporation during the fourth quarter worth approximately $19,236,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Infinity Property and Casualty Corporation during the fourth quarter worth approximately $310,000. Institutional investors own 96.28% of the company’s stock.

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

Shares of Infinity Property and Casualty Corporation (NASDAQ IPCC) opened at 94.15 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of 22.68 and a beta of 0.84. The stock’s 50 day moving average price is $95.52 and its 200-day moving average price is $92.42. Infinity Property and Casualty Corporation has a 52-week low of $73.80 and a 52-week high of $101.70.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last released its quarterly earnings data on Thursday, May 4th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. Infinity Property and Casualty Corporation had a return on equity of 6.21% and a net margin of 2.97%. The company had revenue of $370.70 million during the quarter, compared to analysts’ expectations of $390.70 million. During the same period last year, the firm posted $0.68 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. On average, analysts expect that Infinity Property and Casualty Corporation will post $4.32 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.58 per share. The ex-dividend date is Wednesday, June 14th. This represents a $2.32 annualized dividend and a yield of 2.46%. Infinity Property and Casualty Corporation’s payout ratio is currently 55.90%.

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IPCC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Infinity Property and Casualty Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 1st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Infinity Property and Casualty Corporation in a report on Thursday, May 25th.

About Infinity Property and Casualty Corporation

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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