Erie Indemnity (ERIE) Stock Price, News & Analysis

Erie Indemnity's stock was trading at $334.92 at the beginning of the year. Since then, ERIE stock has increased by 13.6% and is now trading at $380.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our ERIE earnings forecast.

Erie Indemnity will be holding an earnings conference call on Friday, April 26th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Erie Indemnity (NASDAQ:ERIE) issued its earnings results on Monday, February, 26th. The financial services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.13 by $0.01. The financial services provider earned $817.67 million during the quarter, compared to analyst estimates of $772.57 million. Erie Indemnity had a net margin of 13.65% and a trailing twelve-month return on equity of 28.29%. During the same period in the previous year, the business earned $1.25 EPS.

Erie Indemnity announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Tuesday, April 9th will be paid a dividend of $1.275 per share on Tuesday, April 23rd. This represents a $5.10 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Monday, April 8th.
Read our dividend analysis for ERIE.

Erie Indemnity (NASDAQ:ERIE) pays an annual dividend of $5.10 per share and currently has a dividend yield of 1.34%. The company has been increasing its dividend for 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERIE will have a dividend payout ratio of 45.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ERIE.

ETFs with the largest weight of Erie Indemnity (NASDAQ:ERIE) stock in their portfolio include ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Formidable Fortress ETF (KONG), SPDR S&P Insurance ETF (KIE), Invesco S&P MidCap Quality ETF (XMHQ), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Invesco Dorsey Wright Financial Momentum ETF (PFI), Invesco S&P MidCap Momentum ETF (XMMO) and SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM).

88 employees have rated Erie Indemnity Chief Executive Officer Timothy G. NeCastro on Glassdoor.com. Timothy G. NeCastro has an approval rating of 96% among the company's employees. This puts Timothy G. NeCastro in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Erie Indemnity investors own include Cummins (CMI), Amgen (AMGN), Mallinckrodt (MNK), Walmart (WMT), Boeing (BA), Cisco Systems (CSCO), Union Pacific (UNP), AbbVie (ABBV) and Skyworks Solutions (SWKS).

Erie Indemnity's stock is owned by many different retail and institutional investors. Top institutional investors include Fort Pitt Capital Group LLC (0.07%), Los Angeles Capital Management LLC (0.03%), FCF Advisors LLC (0.01%), Janiczek Wealth Management LLC (0.00%) and Rise Advisors LLC (0.00%). Insiders that own company stock include J Ralph Borneman Jr, Marc Cipriani and Thomas B Hagen.
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Shares of ERIE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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