Infinity Property and Casualty Corporation (IPCC) Getting Somewhat Negative Press Coverage, Accern Reports

Media stories about Infinity Property and Casualty Corporation (NASDAQ:IPCC) have been trending somewhat negative this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Infinity Property and Casualty Corporation earned a daily sentiment score of -0.14 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 46.1659037243549 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

IPCC has been the topic of several research reports. UBS AG upgraded shares of Infinity Property and Casualty Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Infinity Property and Casualty Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $94.00 price target on shares of Infinity Property and Casualty Corporation in a research report on Friday, July 14th. Finally, BidaskClub cut shares of Infinity Property and Casualty Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Infinity Property and Casualty Corporation has a consensus rating of “Hold” and an average target price of $101.67.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) traded up 2.86% on Monday, reaching $88.05. 36,952 shares of the company’s stock were exchanged. Infinity Property and Casualty Corporation has a one year low of $73.80 and a one year high of $101.70. The firm has a market cap of $971.81 million, a PE ratio of 24.39 and a beta of 0.86. The firm has a 50 day moving average price of $92.64 and a 200 day moving average price of $94.66.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) last announced its quarterly earnings data on Thursday, August 3rd. The insurance provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by $0.55. The firm had revenue of $323.80 million during the quarter, compared to analysts’ expectations of $330 million. Infinity Property and Casualty Corporation had a net margin of 2.58% and a return on equity of 5.16%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS. On average, equities analysts anticipate that Infinity Property and Casualty Corporation will post $3.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.32 annualized dividend and a dividend yield of 2.63%. Infinity Property and Casualty Corporation’s dividend payout ratio is presently 64.09%.

TRADEMARK VIOLATION NOTICE: This story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/09/11/infinity-property-and-casualty-corporation-ipcc-getting-somewhat-negative-press-coverage-accern-reports.html.

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)

Receive News & Ratings for Infinity Property and Casualty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infinity Property and Casualty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply