Erie Indemnity Company Company Profile (NASDAQ:ERIE)

About Erie Indemnity Company

Erie Indemnity Company 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: $117.97
  • 50 Day Moving Average: $113.18
  • 200 Day Moving Average: $106.44
  • 52-Week Range: $48,730,000.00 - $88.69
  • Trailing P/E Ratio: 31.36
  • Foreward P/E Ratio: 28.57
  • P/E Growth: 2.89
  • Market Cap: $5.85B
  • Outstanding Shares: 48,730,000
  • Beta: 0.46
Profitability:
  • Net Margins: 12.38%
  • Return on Equity: 24.48%
  • Return on Assets: 13.91%
Debt:
  • Current Ratio: 1.83%
  • Quick Ratio: 1.83%
Additional Links:
Companies Related to Erie Indemnity Company:

Analyst Ratings

Consensus Ratings for Erie Indemnity Company (NASDAQ:ERIE) (?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A

Analysts' Ratings History for Erie Indemnity Company (NASDAQ:ERIE)
Show:
DateFirmActionRatingPrice TargetDetails
1/19/2016MacquarieBoost Price Target$84.00 -> $96.00View Rating Details
11/2/2015William BlairReiterated RatingOutperformView Rating Details
(Data available from 2/26/2015 forward)

Earnings

Earnings History for Erie Indemnity Company (NASDAQ:ERIE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
2/23/2017Q416$0.81$0.87$376.71 million$379.61 millionViewN/AView Earnings Details
10/27/2016Q316$1.02$1.09$419.94 million$418.40 millionViewN/AView Earnings Details
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)

Estimates

Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE)
Current Year EPS Consensus Estimate: $4.08 EPS
Next Year EPS Consensus Estimate: $4.20 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)

Dividends

Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)
Annual Dividend:$3.13
Dividend Yield:2.61%
Dividend Growth:18.00% (3 Year Average)
Payout Ratio:84.59% (Based on Trailing 12 Months of Earnings)
76.72% (Based on Current Year Consensus EPS Estimate)
74.52% (Based on Next Year Consensus EPS Estimate)
Track Record:21 Years of Consecutive Dividend Growth

Dividend History for Erie Indemnity Company (NASDAQ:ERIE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
12/8/2016quarterly$0.782.73%1/3/20171/5/20171/20/2017
7/29/2016quarterly$0.732.99%10/3/201610/5/201610/20/2016
4/21/2016Quarterly$0.737/1/20167/6/20167/20/2016
2/26/2016Quarterly$0.734/4/20164/6/20164/20/2016
12/2/2015quarterly$0.7312/31/20151/5/20161/20/2016
4/24/2015quarterly$0.683.18%7/2/20157/7/20157/21/2015
3/2/2015quarterly$0.683.11%4/2/20154/7/20154/21/2015
12/3/2014quarterly$0.683.04%1/2/20151/6/20151/21/2015
8/1/2014quarterly$0.643.43%9/30/201410/2/201410/17/2014
4/21/2014quarterly$0.643.62%7/1/20147/3/20147/18/2014
3/3/2014quarterly$0.643.47%4/3/20144/7/20144/22/2014
12/5/2013quarterly$0.643.62%1/3/20141/7/20141/22/2014
8/5/2013quarterly$0.593.07%10/2/201310/4/201310/18/2013
4/22/2013quarterly$0.593.06%7/2/20137/5/20137/19/2013
2/28/2013quarterly$0.593.24%4/3/20134/5/20134/19/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Erie Indemnity Company (NASDAQ:ERIE)
Insider Ownership Percentage: 47.46%
Institutional Ownership Percentage: 30.73%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/28/2017Richard L StoverDirectorSell0$113.66$0.00View SEC Filing  
9/2/2016John F KearnsEVPSell1,823$103.55$188,771.65View SEC Filing  
8/29/2016John F KearnsEVPSell300$101.86$30,558.00View SEC Filing  
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)

Headlines

Latest Headlines for Erie Indemnity Company (NASDAQ:ERIE)
DateHeadline
finance.yahoo.com logoEdited Transcript of ERIE earnings conference call or presentation 24-Feb-17 3:00pm GMT (NASDAQ:ERIE)
finance.yahoo.com - February 24 at 10:59 PM
seekingalpha.com logoErie Indemnity's (ERIE) CEO Timothy NeCastro on Q4 2016 Results - Earnings Call Transcript (NASDAQ:ERIE)
seekingalpha.com - February 24 at 5:56 PM
biz.yahoo.com logoERIE INDEMNITY CO Files SEC form 10-K, Annual Report (NASDAQ:ERIE)
us.rd.yahoo.com - February 24 at 11:32 AM
News IconErie Insurance profits rise in 2016 (NASDAQ:ERIE)
www.goerie.com - February 23 at 10:03 PM
4-traders.com logoErie Indemnity : Insurance profits rise in 2016 By Jim Martin / [email protected] (NASDAQ:ERIE)
www.4-traders.com - February 23 at 10:03 PM
nasdaq.com logoErie Indemnity Co Earnings Climb 52% In Q4 (NASDAQ:ERIE)
www.nasdaq.com - February 23 at 10:03 PM
reuters.com logoBRIEF-Erie Indemnity reports Q4 earnings per share $0.87 (NASDAQ:ERIE)
www.reuters.com - February 23 at 10:03 PM
sg.finance.yahoo.com logoErie Indemnity posts 4Q profit (NASDAQ:ERIE)
sg.finance.yahoo.com - February 23 at 10:03 PM
biz.yahoo.com logoQ4 2016 Erie Indemnity Co Earnings Release - After Market Close (NASDAQ:ERIE)
biz.yahoo.com - February 23 at 5:01 PM
finance.yahoo.com logoErie Indemnity Reports Full Year and Fourth Quarter 2016 Results (NASDAQ:ERIE)
finance.yahoo.com - February 23 at 5:01 PM
News IconUnofficial counts: UPMC Hamot Erie County's top employer (NASDAQ:ERIE)
www.goerie.com - February 20 at 4:40 PM
finance.yahoo.com logoErie Indemnity to host fourth quarter 2016 conference call and webcast (NASDAQ:ERIE)
finance.yahoo.com - February 8 at 5:31 PM
capitalcube.com logoErie Indemnity Co. breached its 50 day moving average in a Bullish Manner : ERIE-US : February 3, 2017 (NASDAQ:ERIE)
www.capitalcube.com - February 3 at 5:24 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Feb 01 Filed by: Datesh LuAnn (NASDAQ:ERIE)
www.streetinsider.com - February 2 at 5:31 PM
streetinsider.com logoForm 3/A ERIE INDEMNITY CO For: Jan 19 Filed by: Colaizzo Louis F (NASDAQ:ERIE)
www.streetinsider.com - January 30 at 8:59 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jan 23 Filed by: Sheffield Martin (NASDAQ:ERIE)
www.streetinsider.com - January 24 at 10:43 PM
finance.yahoo.com logoErie Insurance Announces Senior Leadership Changes (NASDAQ:ERIE)
finance.yahoo.com - January 9 at 5:48 PM
finance.yahoo.com logoErie Insurance Says Throw Out Your Christmas Tree, Now! (NASDAQ:ERIE)
finance.yahoo.com - January 4 at 6:09 PM
4-traders.com logoErie Indemnity Company : Moves Lower on Volume Spike for December 16 (NASDAQ:ERIE)
www.4-traders.com - December 17 at 5:16 PM
News IconIs Erie Indemnity Company (ERIE) a Good Stock to Buy? (NASDAQ:ERIE)
feedproxy.google.com - December 13 at 7:33 AM
finance.yahoo.com logoErie Indemnity Rewards Shareholders with Dividend Hike (NASDAQ:ERIE)
finance.yahoo.com - December 8 at 5:39 PM
finance.yahoo.com logoErie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Quarterly Dividend (NASDAQ:ERIE)
finance.yahoo.com - December 7 at 8:24 PM
finance.yahoo.com logo4:06 pm Erie Indemnity increases quarterly dividend to $0.7825/share from $0.73/share (NASDAQ:ERIE)
finance.yahoo.com - December 7 at 8:24 PM
biz.yahoo.com logoERIE INDEMNITY CO Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NASDAQ:ERIE)
biz.yahoo.com - December 7 at 8:24 PM
finance.yahoo.com logoErie Insurance earns perfect score on 2017 Corporate Equality Index (NASDAQ:ERIE)
finance.yahoo.com - December 6 at 11:16 AM
News IconFidelity and Deposit Co. of Maryland accuses Erie companies of breaching agreement (NASDAQ:ERIE)
pennrecord.com - December 5 at 11:47 AM
News IconIBA Northeast: Erie Insurance announces $135m office building construction (NASDAQ:ERIE)
www.ibamag.com - November 17 at 4:18 PM
News IconSPRINGFIELD, La - Louisiana's lieutenant governor says "day use" of a state park closed by August floods will resume Dec (NASDAQ:ERIE)
www.ad-hoc-news.de - November 15 at 8:05 AM
reuters.com logoBRIEF-Erie Indemnity entered into credit agreement with PNC Bank, National Association on Nov. 7 (NASDAQ:ERIE)
www.reuters.com - November 15 at 8:05 AM
biz.yahoo.com logoERIE INDEMNITY CO Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obli (NASDAQ:ERIE)
biz.yahoo.com - November 15 at 8:05 AM
publicnow.com logoErie Insurance announces new building construction (NASDAQ:ERIE)
www.publicnow.com - November 11 at 11:58 AM
capitalcube.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : November 7, 2016 (NASDAQ:ERIE)
www.capitalcube.com - November 7 at 8:06 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Nov 01 Filed by: Datesh LuAnn (NASDAQ:ERIE)
www.streetinsider.com - November 2 at 11:11 PM
capitalcube.com logoETF’s with exposure to Erie Indemnity Co. : November 2, 2016 (NASDAQ:ERIE)
www.capitalcube.com - November 2 at 5:00 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Nov 01 Filed by: Gutting Gregory J (NASDAQ:ERIE)
www.streetinsider.com - November 1 at 5:03 PM
capitalcube.com logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q3, 2016 By the Numbers : October 31, 2016 (NASDAQ:ERIE)
www.capitalcube.com - October 31 at 4:57 PM
finance.yahoo.com logoEdited Transcript of ERIE earnings conference call or presentation 28-Oct-16 2:00pm GMT (NASDAQ:ERIE)
finance.yahoo.com - October 29 at 7:29 AM
News IconErie Insurance earnings rise (NASDAQ:ERIE)
www.goerie.com - October 28 at 4:40 PM
reuters.com logoBRIEF-Erie Indemnity reports Q3 2016 results (NASDAQ:ERIE)
www.reuters.com - October 28 at 4:40 PM
seekingalpha.com logoErie Indemnity's (ERIE) CEO Timothy NeCastro on Q3 2016 Results - Earnings Call Transcript (NASDAQ:ERIE)
seekingalpha.com - October 28 at 4:40 PM
rttnews.com logoErie Indemnity Co Bottom Line Rises 16% In Q3 (NASDAQ:ERIE)
www.rttnews.com - October 28 at 4:40 PM
sg.finance.yahoo.com logoErie Indemnity posts 3Q profit (NASDAQ:ERIE)
sg.finance.yahoo.com - October 27 at 10:08 PM
biz.yahoo.com logoERIE INDEMNITY CO Files SEC form 8-K, Results of Operations and Financial Condition (NASDAQ:ERIE)
biz.yahoo.com - October 27 at 4:56 PM
publicnow.com logoErie Indemnity Reports Third Quarter 2016 Results (NASDAQ:ERIE)
www.publicnow.com - October 27 at 4:56 PM
biz.yahoo.com logoQ3 2016 Erie Indemnity Co Earnings Release - After Market Close (NASDAQ:ERIE)
biz.yahoo.com - October 27 at 9:33 AM
marketexclusive.com logoErie Indemnity Company (NASDAQ:ERIE) Files An 8-K (NASDAQ:ERIE)
marketexclusive.com - October 24 at 4:43 PM
News IconNewsmaker Q&A: Tim NeCastro, new CEO of Erie Insurance (NASDAQ:ERIE)
www.mcall.com - October 23 at 9:27 AM
finance.yahoo.com logoErie Insurance names new executive leadership (NASDAQ:ERIE)
finance.yahoo.com - October 21 at 4:54 PM
biz.yahoo.com logoERIE INDEMNITY CO Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:ERIE)
biz.yahoo.com - October 21 at 4:54 PM
capitalcube.com logoErie Indemnity Co. : ERIE-US: Dividend Analysis : October 05th, 2016 (record date) : By the numbers : October 19, 2016 (NASDAQ:ERIE)
www.capitalcube.com - October 19 at 5:16 PM

Social

What is Erie Indemnity Company's stock symbol?

Erie Indemnity Company trades on the NASDAQ under the ticker symbol "ERIE."

How often does Erie Indemnity Company pay dividends? What is the dividend yield for Erie Indemnity Company?

Erie Indemnity Company announced a quarterly dividend on Thursday, December 8th. Shareholders of record on Thursday, January 5th will be paid a dividend of $0.7825 per share on Friday, January 20th. This represents a $3.13 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, January 3rd. This is an increase from Erie Indemnity Company's previous quarterly dividend of $0.73.

When will Erie Indemnity Company announce their earnings?

Erie Indemnity Company is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

Who owns Erie Indemnity Company stock?

Erie Indemnity Company's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (4.04%), Royce & Associates LP (0.74%), State Street Corp (0.64%), Dimensional Fund Advisors LP (0.48%), Renaissance Technologies LLC (0.22%) and Brown Advisory Inc. (0.18%). Company insiders that own Erie Indemnity Company stock include John F Kearns, Richard L Stover and Robert C Ingram III.

Who sold Erie Indemnity Company stock? Who is selling Erie Indemnity Company stock?

Erie Indemnity Company's stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Janus Capital Management LLC, Dimensional Fund Advisors LP, Franklin Resources Inc., Brown Advisory Inc., Guggenheim Capital LLC, Ellington Management Group LLC and AQR Capital Management LLC. Company insiders that have sold Erie Indemnity Company stock in the last year include John F Kearns and Richard L Stover.

Who bought Erie Indemnity Company stock? Who is buying Erie Indemnity Company stock?

Erie Indemnity Company's stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Renaissance Technologies LLC, Federated Investors Inc. PA, Allianz Asset Management AG, State Street Corp, Cigna Investments Inc. New, Ladenburg Thalmann Financial Services Inc. and Raymond James Financial Services Advisors Inc..

How do I buy Erie Indemnity Company stock?

Shares of Erie Indemnity Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Erie Indemnity Company stock cost?

One share of Erie Indemnity Company stock can currently be purchased for approximately $119.98.

Erie Indemnity Company (NASDAQ:ERIE) Chart for Sunday, February, 26, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Erie Indemnity Company (NASDAQ:ERIE)

Earnings History Chart

Earnings by Quarter for Erie Indemnity Company (NASDAQ:ERIE)

Dividend History Chart

Dividend Payments by Quarter for Erie Indemnity Company (NASDAQ:ERIE)

Last Updated on 2/26/2017 by MarketBeat.com Staff