Erie Indemnity Company Profile (NASDAQ:ERIE)

Analyst Ratings

Consensus Ratings for Erie Indemnity (NASDAQ:ERIE) (?)
Ratings Breakdown: 1 Buy Rating(s)
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $96.00 (1.73% downside)

Analysts' Ratings History for Erie Indemnity (NASDAQ:ERIE)
Show:
DateFirmActionRatingPrice TargetActions
1/19/2016MacquarieBoost Price Target$84.00 -> $96.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/2/2015William BlairReiterated RatingOutperformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/24/2014 forward)

Earnings

Earnings History for Erie Indemnity (NASDAQ:ERIE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016Q216$1.05$430.66 millionN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2016Q116$0.87$0.89$376.02 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/25/2016Q415$0.65$0.57$364.34 million$356.40 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/29/2015Q315$1.06$0.94$393.66 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/30/2015Q215$0.98$1.07$400.43 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/30/2015Q115$0.90$0.74$348.26 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/26/2015Q4 14$0.70$0.48$331.70 million$1.59 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/31/2014$0.94$0.90ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
8/4/2014$0.94$0.94ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
5/1/2014Q413$0.78$0.88$330.49 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/27/2014$0.54$0.67ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/31/2013Q313$0.96$0.87$340.12 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/1/2012Q312$0.80$0.93$310.76 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Erie Indemnity (NASDAQ:ERIE)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.85$0.85$0.85
Q2 20161$1.04$1.04$1.04
Q3 20161$1.02$1.02$1.02
Q4 20161$0.67$0.67$0.67
Q1 20171$0.88$0.88$0.88
Q2 20171$1.10$1.10$1.10
Q3 20171$1.08$1.08$1.08
Q4 20171$0.70$0.70$0.70
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Erie Indemnity (NASDAQ:ERIE)
Annual Dividend:$2.92
Dividend Yield:2.99%
Payout Ratio:84.64% (Based on Trailing 12 Months of Earnings)
81.11% (Based on Current Year Consensus EPS Estimate)
77.66% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:-0.90% (3 Year Average)

Dividend History for Erie Indemnity (NASDAQ:ERIE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
4/21/2016Quarterly$0.737/1/20167/6/20167/20/2016Tweet This Announcement  Share This Announcement on StockTwits
2/26/2016Quarterly$0.734/4/20164/6/20164/20/2016Tweet This Announcement  Share This Announcement on StockTwits
12/2/2015quarterly$0.7312/31/20151/5/20161/20/2016Tweet This Announcement  Share This Announcement on StockTwits
4/24/2015quarterly$0.683.18%7/2/20157/7/20157/21/2015Tweet This Announcement  Share This Announcement on StockTwits
3/2/2015quarterly$0.683.11%4/2/20154/7/20154/21/2015Tweet This Announcement  Share This Announcement on StockTwits
12/3/2014quarterly$0.683.04%1/2/20151/6/20151/21/2015Tweet This Announcement  Share This Announcement on StockTwits
8/1/2014quarterly$0.643.43%9/30/201410/2/201410/17/2014Tweet This Announcement  Share This Announcement on StockTwits
4/21/2014quarterly$0.643.62%7/1/20147/3/20147/18/2014Tweet This Announcement  Share This Announcement on StockTwits
3/3/2014quarterly$0.643.47%4/3/20144/7/20144/22/2014Tweet This Announcement  Share This Announcement on StockTwits
12/5/2013quarterly$0.643.62%1/3/20141/7/20141/22/2014Tweet This Announcement  Share This Announcement on StockTwits
8/5/2013quarterly$0.593.07%10/2/201310/4/201310/18/2013Tweet This Announcement  Share This Announcement on StockTwits
4/22/2013quarterly$0.593.06%7/2/20137/5/20137/19/2013Tweet This Announcement  Share This Announcement on StockTwits
2/28/2013quarterly$0.593.24%4/3/20134/5/20134/19/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Erie Indemnity (NASDAQ:ERIE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
6/30/2016John F KearnsEVPSell3,990$98.71$393,852.90View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
6/9/2015Robert C Ingram IIIVPBuy2,500$79.90$199,750.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/18/2013Gary D VesheccoSVPSell1,200$74.10$88,920.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
9/21/2012Elizabeth A VorsheckDirectorBuy1,000$62.40$62,400.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Erie Indemnity (NASDAQ:ERIE)
DateHeadline
07/23/16 07:56 AMForm 4 ERIE INDEMNITY CO For: Jul 21 Filed by: WILBURN ROBERT C
07/21/16 09:21 PMCouple's suit seeks damages for collision
07/21/16 04:00 PMPerry Palooza is a fun free family event in Perry Square
07/20/16 05:08 PMErie Mutual Insurance
07/19/16 07:19 AMErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : July 19, 2016 -
07/17/16 03:33 PMBusiness in brief: Howard Hanna acquires Buffalo firm
07/15/16 02:52 PMErie County Deputy Sheriff Admits to Insurance Fraud Orchard Park resident falsely reported stolen car
07/13/16 09:08 AMErie Indemnity to host second quarter 2016 conference call and webcast - [at noodls] - ERIE, Pa., July 13, 2016 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host an audio webcast with the financial community to discuss financial results for the second quarter 2016 on Friday, ...
07/13/16 06:37 AMJefferson Co. NAACP leader brings cops & residents together
07/07/16 09:02 PMErie County Sheriff's Deputy admits to insurance fraud
07/07/16 03:53 PMOrchard Park man admits to insurance fraud
07/06/16 09:43 PMErie Insurance VP lands new job in Chicago
07/02/16 06:04 AM2 high-ranking Erie Insurance execs leaving company
07/02/16 06:04 AMForm 4 ERIE INDEMNITY CO For: Jun 30 Filed by: Kearns John F
07/02/16 06:04 AMErie Indemnity Company (NASDAQ:ERIE) Trading Down – Insiders Selling, Short Interest Growing
06/29/16 03:42 PMERIE INDEMNITY CO Files SEC form 8-K, Change in Directors or Principal Officers -
06/28/16 03:50 PMA.M. Best Upgrades Issuer Credit Ratings of Members of Erie Insurance Group
06/28/16 07:43 AMErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : June 28, 2016 -
06/27/16 07:11 AMErie Insurance introduces new coverage to protect small businesses against cloud computing risks - [at noodls] - ERIE, Pa., June 27, 2016 /PRNewswire/ -- More and more small and mid-sized businesses are using cloud computing, with the percentage expected to more than double from 37 percent today to 80 percent within ...
06/26/16 08:51 AMAfter warehouse collapse, Harrisburg tire store owner blames PennDOT, apartment complex for inaction
06/20/16 03:46 PMErie Woman Seeks Answers After Hit and Run Accident
06/20/16 03:46 PMErie Indemnity : Insurance again ranked highest in Mid-Atlantic on J.D. Power's 2016 U.S. Auto Insurance Study
06/20/16 12:09 PMErie Insurance again ranked highest in Mid-Atlantic on J.D. Power's 2016 U.S. Auto Insurance Study - [at noodls] - ERIE, Pa., June 20, 2016 /PRNewswire/ -- For the second year in a row, Erie Insurance has received the highest customer satisfaction ranking for the Mid-Atlantic region on J.D. Power's2016 U.S. Auto Insurance ...
06/18/16 08:23 AMTechnology gives Erie Insurance eyes in the field
06/16/16 07:10 AMErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : June 16, 2016 -
06/15/16 03:55 PMShares Down over the Past Month: Erie Indemnity Company (NASDAQ:ERIE)
06/15/16 08:38 AMErie Insurance utilizes Google Glass to improve workforce efficiency
06/14/16 08:42 AMErie Indemnity : With insurance industry talent crisis looming, Erie Insurance launches Google Glass program to improve efficiency
06/13/16 10:09 AMWith insurance industry talent crisis looming, Erie Insurance launches Google Glass program to improve efficiency - [at noodls] - ERIE, Pa., June 13, 2016 /PRNewswire/ -- Experts say retiring baby boomers will leave the insurance industry with 400,000 open positions to fill by 2020. According to the insurance training provider The ...
06/12/16 07:04 AMOur view: Changing of the guard at Erie Insurance
06/05/16 07:41 AMNew CEO sees growth for Erie Insurance
06/04/16 03:51 PMForm 4 ERIE INDEMNITY CO For: Jun 01 Filed by: DUFALA GEORGE D
06/02/16 09:56 PMNeCastro Named President & CEO of Erie Insurance - NeCastro joined Erie Insurance in 1996. He became senior vice president and controller one year later. He's been the President and Regional Officer for the Western Region since 2010. NeCastro says the company plans to stay committed to the Erie community.
06/02/16 09:56 PMErie Insurance names president, CEO-designate; Mullin’s Diner on North Side cleared by health department - He will succeed president and CEO Terrence W. Cavanaugh, who joined Erie Insurance in 2008 and is retiring later this year. Mr. NeCastro joined the company in 1996 as manager of internal auditing. Since 2010, he has held the position of senior vice ...
06/01/16 04:03 PMNeCastro to be new CEO at Erie Insurance - ERIE, Pa. -- Erie-based Erie Insurance is set later this morning to announce Timothy G. NeCastro as the company's new president and CEO-designate. NeCastro, who has served since 2010 as the company's senior vice president and regional officer for its ...
06/01/16 04:03 PMErie Insurance tabs NeCastro as new CEO - Hundreds of Erie Insurance employees gathered in the atrium to welcome Timothy NeCastro as the new president and CEO of the company. NeCastro succeeds Terrence Cavanaugh, who joined Erie Insurance in 2008. "We followed a thorough and deliberate process to ...
06/01/16 04:03 PMBRIEF-Erie Indemnity names Timothy Necastro president and CEO-designate - * Prior to joining Erie Insurance, Necastro held positions as director of finance at Plastek Group and as a senior manager at E&Y Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)
06/01/16 04:03 PMErie Insurance Names NeCastro to Succeed Cavanaugh as Next CEO - Erie Indemnity Co., the managing company for Erie Insurance, has named Timothy G. NeCastro as Erie Insurance’s president and CEO-designate effective June 1. NeCastro is a 20-year veteran of the company. He will succeed current President and CEO Terrence W.
06/01/16 04:03 PMErie Insurance Names Timothy G. NeCastro President and CEO-Designate - ERIE, Pa., June 1, 2016 /PRNewswire/ -- The Board of Directors of Erie Indemnity Company (NASDAQ: ERIE), the managing company for Erie Insurance, has named Timothy G. NeCastro its president and CEO-designate effective today. He will succeed current ...
06/01/16 03:36 PMERIE INDEMNITY CO Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits -
05/31/16 03:59 PMERIE Dividend Yield Pushes Above 3% - Looking at the universe of stocks we cover at Dividend Channel, in trading on Tuesday, shares of Erie Indemnity Co. (Symbol: ERIE) were yielding above the 3% mark based on its quarterly dividend (annualized to $2.92), with the stock changing hands as low ...
05/10/16 09:58 AMErie Indemnity Co. :ERIE-US: Earnings Analysis: Q1, 2016 By the Numbers -
05/05/16 12:11 PMErie Insurance Earns Top Ranking in J.D. Power Insurance Shopping Study - [at noodls] - ERIE, Pa., May 5, 2016 /PRNewswire/ -- For the fourth year in a row, Erie Insurance received the highest ranking in Customer Satisfaction with the Auto Insurance Purchase Experience in the J.D. Power Insurance ...
05/03/16 12:56 PMETF’s with exposure to Erie Indemnity Co. : May 3, 2016 -
05/02/16 07:03 AMErie Indemnity Co. breached its 50 day moving average in a Bullish Manner : ERIE-US : May 2, 2016 -
04/29/16 01:06 PMEdited Transcript of ERIE earnings conference call or presentation 29-Apr-16 2:00pm GMT -
04/28/16 05:48 PMErie Indemnity posts 1Q profit -
04/28/16 03:47 PMErie Indemnity Reports First Quarter 2016 Results - [at noodls] - ERIE, Pa., April 28, 2016 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter ending March 31, 2016. Net income was $45.9 million, or $0.87 per diluted ...
04/28/16 03:40 PMERIE INDEMNITY CO Files SEC form 8-K, Results of Operations and Financial Condition -
04/28/16 06:07 AMQ1 2016 Erie Indemnity Co Earnings Release - After Market Close -

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About Erie Indemnity

Erie Indemnity logoErie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Company's primary function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange. The sales related services the Company provides include agent compensation, and certain sales and advertising support services. Agent compensation includes scheduled commissions to agents based upon premiums written, as well as additional commissions and bonuses to agents. The underwriting services the Company provides include underwriting and policy processing expenses. It provides information technology services that support all functions. The remaining services the Company provides include customer service and administrative costs.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Insurance Brokers
  • Sub-Industry: Property & Casualty Insurance
  • Exchange: NASDAQ
  • Symbol: ERIE
  • CUSIP: 29530P10
Key Metrics:
  • Previous Close: $97.69
  • 50 Day Moving Average: $97.37
  • 200 Day Moving Average: $95.05
  • P/E Ratio: 28.23
  • P/E Growth: 2.69
  • Market Cap: $5.11B
  • Beta: 0.51
  • Current Year EPS Consensus Estimate: $3.6 EPS
  • Next Year EPS Consensus Estimate: $3.76 EPS
Additional Links:
Erie Indemnity (NASDAQ:ERIE) Chart for Sunday, July, 24, 2016