Trade Report: The Cooke & Bieler LP reached $5,801,000 position of Infinity Property and Casualty Corp. (IPCC)

The Cooke & Bieler LP reached $5,801,000 position  of Infinity Property and Casualty Corp. (IPCC)

Cooke & Bieler LP increased its position in Infinity Property and Casualty Corp. (NASDAQ:IPCC) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 71,925 shares of the company’s stock after buying an additional 430 shares during the period. Cooke & Bieler LP’s holdings in Infinity Property and Casualty Corp. were worth $5,801,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. BlackRock Institutional Trust Company N.A. boosted its position in shares of Infinity Property and Casualty Corp. by 2.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 315,709 shares of the company’s stock worth $25,415,000 after buying an additional 8,486 shares during the period. Skyline Asset Management LP boosted its position in shares of 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 worth $22,371,000 after buying an additional 12,400 shares during the period. Renaissance Technologies LLC boosted its position in shares of Infinity Property and Casualty Corp. by 31.2% in the first quarter. Renaissance Technologies LLC now owns 172,000 shares of the company’s stock worth $13,846,000 after buying an additional 40,891 shares during the period. American Century Companies Inc. boosted its position in shares of Infinity Property and Casualty Corp. by 25.6% in the second quarter. American Century Companies Inc. now owns 156,745 shares of the company’s stock worth $12,643,000 after buying an additional 31,982 shares during the period. Finally, Hancock Holding Co. boosted its position in shares of Infinity Property and Casualty Corp. by 0.4% in the first quarter. Hancock Holding Co. now owns 125,175 shares of the company’s stock worth $10,077,000 after buying an additional 470 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Infinity Property and Casualty Corp. (NASDAQ:IPCC) traded up 1.07% during midday trading on Friday, hitting $83.33. The stock had a trading volume of 20,601 shares. Infinity Property and Casualty Corp. has a 52-week low of $73.27 and a 52-week high of $87.61. The company’s 50 day moving average is $83.38 and its 200 day moving average is $80.48. The company has a market cap of $921.96 million, a PE ratio of 20.53 and a beta of 0.69.

Infinity Property and Casualty Corp. (NASDAQ:IPCC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.23. Infinity Property and Casualty Corp. had a return on equity of 6.42% and a net margin of 3.06%. The company earned $375.10 million during the quarter, compared to analyst estimates of $339.70 million. During the same period in the prior year, the company earned $1.16 earnings per share. On average, analysts anticipate that Infinity Property and Casualty Corp. will post $3.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Wednesday, September 14th. Infinity Property and Casualty Corp.’s payout ratio is presently 51.36%.

Separately, Zacks Investment Research lowered Infinity Property and Casualty Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 5th.

About Infinity Property and Casualty Corp.

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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