Somewhat Negative Media Coverage Somewhat Unlikely to Impact Infinity Property and Casualty Corporation (NASDAQ:IPCC) Stock Price

News coverage about Infinity Property and Casualty Corporation (NASDAQ:IPCC) has trended somewhat negative recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Infinity Property and Casualty Corporation earned a news sentiment score of -0.08 on Accern’s scale. Accern also assigned news stories about the insurance provider an impact score of 45.6909796792636 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several equities research analysts recently commented on IPCC shares. Zacks Investment Research cut Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub cut Infinity Property and Casualty Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Raymond James Financial, Inc. raised Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Thursday, July 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Infinity Property and Casualty Corporation in a report on Thursday, May 25th. Finally, UBS AG raised Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.67.

Shares of Infinity Property and Casualty Corporation (NASDAQ:IPCC) opened at 93.35 on Friday. Infinity Property and Casualty Corporation has a 1-year low of $73.80 and a 1-year high of $101.70. The firm’s 50-day moving average price is $95.74 and its 200 day moving average price is $94.03. The firm has a market cap of $1.03 billion, a PE ratio of 22.49 and a beta of 0.83.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last posted its earnings results on Thursday, August 3rd. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $323.80 million during the quarter, compared to analysts’ expectations of $330 million. During the same period in the previous year, the company posted $0.99 EPS. Infinity Property and Casualty Corporation’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts forecast that Infinity Property and Casualty Corporation will post $4.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 7th. Infinity Property and Casualty Corporation’s dividend payout ratio is presently 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.

Insider Buying and Selling by Quarter for Infinity Property and Casualty Corporation (NASDAQ:IPCC)

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