Erie Indemnity Company Profile (NASDAQ:ERIE)

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: $101.72
  • 50 Day Moving Average: $98.59
  • 200 Day Moving Average: $96.02
  • Trailing P/E Ratio: 28.57
  • Foreward P/E Ratio: 25.88
  • P/E Growth: 2.66
  • Market Cap: $5.32B
  • Outstanding Shares: 52,289,000
  • Beta: 0.52
Additional Links:
Companies Related to Erie Indemnity:

Analyst Ratings

Consensus Ratings for Erie Indemnity (NASDAQ:ERIE) (?)
Ratings Breakdown: 1 Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $96.00 (5.62% downside)

Analysts' Ratings History for Erie Indemnity (NASDAQ:ERIE)
DateFirmActionRatingPrice TargetDetails
1/19/2016MacquarieBoost Price Target$84.00 -> $96.00View Rating Details
11/2/2015William BlairReiterated RatingOutperformView Rating Details
(Data available from 8/30/2014 forward)


Earnings History for Erie Indemnity (NASDAQ:ERIE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/28/2016Q216$1.05$1.17$430.66 million$70.00 millionViewN/AView Earnings Details
4/28/2016Q116$0.87$0.89$376.02 millionViewN/AView Earnings Details
2/25/2016Q415$0.65$0.57$364.34 million$356.40 millionViewListenView Earnings Details
10/29/2015Q315$1.06$0.94$393.66 millionViewListenView Earnings Details
7/30/2015Q215$0.98$1.07$400.43 millionViewListenView Earnings Details
4/30/2015Q115$0.90$0.74$348.26 millionViewN/AView Earnings Details
2/26/2015Q4 14$0.70$0.48$331.70 million$1.59 millionViewN/AView Earnings Details
10/31/2014$0.94$0.90ViewN/AView Earnings Details
8/4/2014$0.94$0.94ViewN/AView Earnings Details
5/1/2014Q413$0.78$0.88$330.49 millionViewN/AView Earnings Details
2/27/2014$0.54$0.67ViewN/AView Earnings Details
10/31/2013Q313$0.96$0.87$340.12 millionViewN/AView Earnings Details
11/1/2012Q312$0.80$0.93$310.76 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Erie Indemnity (NASDAQ:ERIE)
Current Year EPS Consensus Estimate: $3.73 EPS
Next Year EPS Consensus Estimate: $3.93 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.85$0.85$0.85
Q2 20161$1.04$1.04$1.04
Q3 20161$1.04$1.04$1.04
Q4 20161$0.63$0.63$0.63
Q1 20171$0.95$0.95$0.95
Q2 20171$1.21$1.21$1.21
Q3 20171$1.09$1.09$1.09
Q4 20171$0.67$0.67$0.67
(Data provided by Zacks Investment Research)


Current Dividend Information for Erie Indemnity (NASDAQ:ERIE)
Annual Dividend:$2.92
Dividend Yield:2.87%
Payout Ratio:82.25% (Based on Trailing 12 Months of Earnings)
78.28% (Based on Current Year Consensus EPS Estimate)
74.30% (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 Date
(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 TransactionDetails
8/26/2016John F KearnsEVPSell1,250$101.13$126,412.50View SEC Filing  
8/25/2016John F KearnsEVPSell1,500$100.01$150,015.00View SEC Filing  
8/9/2016John F KearnsEVPSell500$99.70$49,850.00View SEC Filing  
8/5/2016John F KearnsEVPSell400$98.15$39,260.00View SEC Filing  
8/4/2016John F KearnsEVPSell143$99.65$14,249.95View SEC Filing  
8/2/2016John F KearnsEVPSell2,500$99.15$247,875.00View SEC Filing  
6/30/2016John F KearnsEVPSell3,990$98.71$393,852.90View SEC Filing  
6/9/2015Robert C Ingram IIIVPBuy2,500$79.90$199,750.00View SEC Filing  
9/18/2013Gary D VesheccoSVPSell1,200$74.10$88,920.00View SEC Filing  
9/21/2012Elizabeth A VorsheckDirectorBuy1,000$62.40$62,400.00View SEC Filing  
(Data available from 1/1/2013 forward)


Latest Headlines for Erie Indemnity (NASDAQ:ERIE)
News IconFormer EVP of Erie Indemnityny (NASDAQ:ERIE), Kearns John F, sells 1,500 shares worth $150,020 (NASDAQ:ERIE) - August 26 at 4:46 PM logoErie Indemnity : Insurance wins patent lawsuit (NASDAQ:ERIE) - August 26 at 4:46 PM
News IconErie Insurance wins patent lawsuit (NASDAQ:ERIE) - August 26 at 4:46 PM
News IconJustices Won't Hear Dispute Over Insurance Department's Jurisdiction (NASDAQ:ERIE) - August 14 at 4:48 PM logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NASDAQ:ERIE) - August 10 at 12:11 PM logoErie Indemnity Co. : ERIE-US: Dividend Analysis : October 05th, 2016 (record date) : By the numbers : August 5, 2016 (NASDAQ:ERIE) - August 5 at 4:56 PM logoERIE INDEMNITY CO Financials (NASDAQ:ERIE) - August 4 at 5:05 PM
News IconErie Insurance: NASCAR sponsorship was one-race deal (NASDAQ:ERIE) - August 3 at 10:32 PM
News IconErie Insurance sponsored Sprint Cup car at Pocono (NASDAQ:ERIE) - August 2 at 9:42 AM
News IconNew CEO takes over at Erie Insurance (NASDAQ:ERIE) - August 1 at 4:49 PM logoErie Indemnity's (ERIE) CEO Terrence Cavanaugh on Q2 2016 Results - Earnings Call Transcript (NASDAQ:ERIE) - July 30 at 4:32 PM logoEdited Transcript of ERIE earnings conference call or presentation 29-Jul-16 2:00pm GMT (NASDAQ:ERIE) - July 29 at 1:13 PM logoErie Indemnity Company: Erie Indemnity Reports Second Quarter 2016 Results (NASDAQ:ERIE) - July 28 at 9:21 PM logoErie Indemnity Co Announces 9% Rise In Q2 Profit (NASDAQ:ERIE) - July 28 at 9:21 PM logoErie Indemnity Reports Second Quarter 2016 Results (NASDAQ:ERIE) - July 28 at 9:21 PM logoBRIEF-Erie Indemnity says Q2 earnings per share $1.17 (NASDAQ:ERIE) - July 28 at 9:21 PM logoErie Indemnity posts 2Q profit (NASDAQ:ERIE) - July 28 at 6:39 PM logoCFO Moves: Waste Management, Erie Indemnity (NASDAQ:ERIE) - July 28 at 7:35 AM logoQ2 2016 Erie Indemnity Co Earnings Release - After Market Close (NASDAQ:ERIE) - July 28 at 7:07 AM
News IconErie Insurance partners with Go Fas Racing (NASDAQ:ERIE) - July 27 at 10:34 PM logoERIE INDEMNITY CO Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statements a (NASDAQ:ERIE) - July 27 at 4:33 PM logoErie Indemnity Company names Chief Financial Officer (NASDAQ:ERIE) - July 27 at 10:48 AM logoForm 4 ERIE INDEMNITY CO For: Jul 21 Filed by: WILBURN ROBERT C (NASDAQ:ERIE) - July 23 at 8:56 AM
News IconCouple's suit seeks damages for collision (NASDAQ:ERIE) - July 21 at 10:21 PM
News IconPerry Palooza is a fun free family event in Perry Square (NASDAQ:ERIE) - July 21 at 5:00 PM
News IconErie Mutual Insurance (NASDAQ:ERIE) - July 20 at 6:08 PM logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : July 19, 2016 (NASDAQ:ERIE) - July 19 at 8:19 AM
News IconBusiness in brief: Howard Hanna acquires Buffalo firm (NASDAQ:ERIE) - July 17 at 4:33 PM
News IconErie County Deputy Sheriff Admits to Insurance Fraud Orchard Park resident falsely reported stolen car (NASDAQ:ERIE) - July 15 at 3:52 PM logoErie Indemnity to host second quarter 2016 conference call and webcast (NASDAQ:ERIE) - July 13 at 10:08 AM
News IconJefferson Co. NAACP leader brings cops & residents together (NASDAQ:ERIE) - July 13 at 7:37 AM
News IconErie County Sheriff's Deputy admits to insurance fraud (NASDAQ:ERIE) - July 7 at 10:02 PM
News IconOrchard Park man admits to insurance fraud (NASDAQ:ERIE) - July 7 at 4:53 PM
News IconErie Insurance VP lands new job in Chicago (NASDAQ:ERIE) - July 6 at 10:43 PM
News Icon2 high-ranking Erie Insurance execs leaving company (NASDAQ:ERIE) - July 2 at 7:04 AM logoForm 4 ERIE INDEMNITY CO For: Jun 30 Filed by: Kearns John F (NASDAQ:ERIE) - July 2 at 7:04 AM logoErie Indemnity Company (NASDAQ:ERIE) Trading Down – Insiders Selling, Short Interest Growing (NASDAQ:ERIE) - July 2 at 7:04 AM logoERIE INDEMNITY CO Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:ERIE) - June 29 at 4:42 PM logoA.M. Best Upgrades Issuer Credit Ratings of Members of Erie Insurance Group (NASDAQ:ERIE) - June 28 at 4:50 PM logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : June 28, 2016 (NASDAQ:ERIE) - June 28 at 8:43 AM logoErie Insurance introduces new coverage to protect small businesses against cloud computing risks (NASDAQ:ERIE) - June 27 at 8:11 AM
News IconAfter warehouse collapse, Harrisburg tire store owner blames PennDOT, apartment complex for inaction (NASDAQ:ERIE) - June 26 at 9:51 AM
News IconErie Woman Seeks Answers After Hit and Run Accident (NASDAQ:ERIE) - June 20 at 4:46 PM logoErie Indemnity : Insurance again ranked highest in Mid-Atlantic on J.D. Power's 2016 U.S. Auto Insurance Study (NASDAQ:ERIE) - June 20 at 4:46 PM logoErie Insurance again ranked highest in Mid-Atlantic on J.D. Power's 2016 U.S. Auto Insurance Study (NASDAQ:ERIE) - June 20 at 1:09 PM
News IconTechnology gives Erie Insurance eyes in the field (NASDAQ:ERIE) - June 18 at 9:23 AM logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : June 16, 2016 (NASDAQ:ERIE) - June 16 at 8:10 AM logoShares Down over the Past Month: Erie Indemnity Company (NASDAQ:ERIE) (NASDAQ:ERIE) - June 15 at 4:55 PM
News IconErie Insurance utilizes Google Glass to improve workforce efficiency (NASDAQ:ERIE) - June 15 at 9:38 AM logoErie Indemnity : With insurance industry talent crisis looming, Erie Insurance launches Google Glass program to improve efficiency (NASDAQ:ERIE) - June 14 at 9:42 AM


Erie Indemnity (NASDAQ:ERIE) Chart for Tuesday, August, 30, 2016

Last Updated on 8/30/2016 by Staff