Trading Report: The New York State Teachers Retirement System Maintains Position in Infinity Property and Casualty Corp. (IPCC)

The New York State Teachers Retirement System Maintains Position in Infinity Property and Casualty Corp. (IPCC)

New York State Teachers Retirement System maintained its position in Infinity Property and Casualty Corp. (NASDAQ:IPCC) during the second quarter, Holdings Channel reports. The fund owned 36,355 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Infinity Property and Casualty Corp. were worth $2,932,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. raised its position in Infinity Property and Casualty Corp. by 0.8% in the second quarter. Capstone Asset Management Co. now owns 5,303 shares of the company’s stock valued at $428,000 after buying an additional 40 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Infinity Property and Casualty Corp. by 284.9% in the second quarter. BNP Paribas Arbitrage SA now owns 3,568 shares of the company’s stock valued at $288,000 after buying an additional 2,641 shares during the last quarter. First Republic Investment Management Inc. raised its position in Infinity Property and Casualty Corp. by 0.5% in the first quarter. First Republic Investment Management Inc. now owns 16,231 shares of the company’s stock valued at $1,307,000 after buying an additional 82 shares during the last quarter. Skyline Asset Management LP raised its position in Infinity Property and Casualty Corp. by 4.7% in the first quarter. Skyline Asset Management LP now owns 277,900 shares of the company’s stock valued at $22,371,000 after buying an additional 12,400 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Infinity Property and Casualty Corp. during the first quarter valued at approximately $882,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) traded up 1.40% during mid-day trading on Wednesday, hitting $83.55. 13,472 shares of the stock were exchanged. Infinity Property and Casualty Corp. has a 52 week low of $73.27 and a 52 week high of $87.61. The stock has a market cap of $924.40 million, a price-to-earnings ratio of 20.59 and a beta of 0.69. The company has a 50 day moving average price of $83.33 and a 200 day moving average price of $80.44.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.23. The firm had revenue of $375.10 million for the quarter, compared to the consensus estimate of $339.70 million. Infinity Property and Casualty Corp. had a return on equity of 6.42% and a net margin of 3.06%. During the same quarter in the previous year, the company earned $1.16 EPS. Analysts expect that Infinity Property and Casualty Corp. will post $3.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $2.08 annualized dividend and a yield of 2.49%. Infinity Property and Casualty Corp.’s payout ratio is presently 51.36%.

Separately, Zacks Investment Research upgraded shares of Infinity Property and Casualty Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.

Infinity Property and Casualty Corp. Company Profile

Infinity Property and Casualty Corporation is a holding company that, through its subsidiaries, provides personal automobile insurance with a focus on the nonstandard market. The Company writes personal automobile insurance with a concentration on nonstandard automobile insurance, mono-line commercial vehicle insurance and classic collector automobile insurance.

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