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: $100.80
  • 50 Day Moving Average: $100.07
  • 200 Day Moving Average: $96.77
  • 52-Week Range: $80.08 - $104.21
  • Trailing P/E Ratio: 28.31
  • Foreward P/E Ratio: 25.33
  • P/E Growth: 2.68
  • Market Cap: $5.27B
  • Outstanding Shares: 52,289,000
  • Beta: 0.54
Profitability:
  • Net Margins: 7.49%
  • Return on Equity: 7.24%
  • Return on Assets: 3.41%
Debt:
  • Current Ratio: 1.76%
  • Quick Ratio: 1.76%
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 (4.76% downside)

Analysts' Ratings History for Erie Indemnity (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 9/29/2014 forward)

Earnings

Earnings History for Erie Indemnity (NASDAQ:ERIE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
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 (NASDAQ:ERIE)
Current Year EPS Consensus Estimate: $3.78 EPS
Next Year EPS Consensus Estimate: $3.98 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 (NASDAQ:ERIE)
Annual Dividend:$2.92
Dividend Yield:2.90%
Dividend Growth:-0.90% (3 Year Average)
Payout Ratio:82.25% (Based on Trailing 12 Months of Earnings)
77.25% (Based on Current Year Consensus EPS Estimate)
73.37% (Based on Next Year Consensus EPS Estimate)
Track Record:20 Years of Consecutive Dividend Growth

Dividend History for Erie Indemnity (NASDAQ:ERIE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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 (NASDAQ:ERIE)
Insider Ownership Percentage: 47.46%
Institutional Ownership Percentage: 30.45%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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 (NASDAQ:ERIE)
DateHeadline
News IconHistorical Walking Tour Set for Thursday (NASDAQ:ERIE)
www.erienewsnow.com - September 27 at 4:53 PM
News IconErie: We follow OEMs on pre-, post-repair scans, but more clarity from automakers on older cars, tech would be helpful (NASDAQ:ERIE)
www.repairerdrivennews.com - September 27 at 9:29 AM
zacks.com logoWillis Towers Poised for Growth Despite Rising Expenses (NASDAQ:ERIE)
www.zacks.com - September 26 at 9:36 AM
News IconBusiness People for the week of Sept. 25 (NASDAQ:ERIE)
www.buffalonews.com - September 25 at 4:25 PM
News IconOur view: Naming rights deals create vital financial security for amphitheater, ballpark (NASDAQ:ERIE)
www.goerie.com - September 25 at 4:25 PM
News IconWhat to Know Before Switching to Cloud Computing (NASDAQ:ERIE)
www.smallbizdaily.com - September 22 at 10:29 AM
News IconTake a peek at Erie region's fall 2016 arts forecast (NASDAQ:ERIE)
www.goerie.com - September 22 at 10:29 AM
News IconInsurance adjusters adapt when needed (NASDAQ:ERIE)
www.readingeagle.com - September 20 at 8:38 AM
4-traders.com logoErie Indemnity : Revenue Update on Erie Indemnity Company (NASDAQ:ERIE)
www.4-traders.com - September 18 at 4:42 PM
News IconWilliams Agency donates to Friendship Table (NASDAQ:ERIE)
www.bradfordera.com - September 18 at 9:30 AM
News IconErie Irish Fest offers 'a little bit of Ireland 'tween French and Holland' (NASDAQ:ERIE)
www.goerie.com - September 16 at 4:45 PM
4-traders.com logoErie Indemnity : ERIE) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS (NASDAQ:ERIE)
www.4-traders.com - September 15 at 5:14 PM
News IconOur view: Awards shine light on how business boosts Erie (NASDAQ:ERIE)
www.goerie.com - September 15 at 5:51 AM
capitalcube.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : September 14, 2016 (NASDAQ:ERIE)
www.capitalcube.com - September 14 at 9:01 AM
capitalcube.com logoETF’s with exposure to Erie Indemnity Co. : September 2, 2016 (NASDAQ:ERIE)
www.capitalcube.com - September 2 at 4:48 PM
News IconFormer EVP of Erie Indemnityny (NASDAQ:ERIE), Kearns John F, sells 1,500 shares worth $150,020 (NASDAQ:ERIE)
empowerednews.net - August 26 at 4:46 PM
4-traders.com logoErie Indemnity : Insurance wins patent lawsuit (NASDAQ:ERIE)
www.4-traders.com - August 26 at 4:46 PM
News IconErie Insurance wins patent lawsuit (NASDAQ:ERIE)
insurancenewsnet.com - August 26 at 4:46 PM
News IconJustices Won't Hear Dispute Over Insurance Department's Jurisdiction (NASDAQ:ERIE)
www.thelegalintelligencer.com - August 14 at 4:48 PM
capitalcube.com logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q2, 2016 By the Numbers : August 10, 2016 (NASDAQ:ERIE)
www.capitalcube.com - August 10 at 12:11 PM
capitalcube.com logoErie Indemnity Co. : ERIE-US: Dividend Analysis : October 05th, 2016 (record date) : By the numbers : August 5, 2016 (NASDAQ:ERIE)
www.capitalcube.com - August 5 at 4:56 PM
finance.yahoo.com logoERIE INDEMNITY CO Financials (NASDAQ:ERIE)
finance.yahoo.com - August 4 at 5:05 PM
News IconErie Insurance: NASCAR sponsorship was one-race deal (NASDAQ:ERIE)
www.goerie.com - August 3 at 10:32 PM
News IconErie Insurance sponsored Sprint Cup car at Pocono (NASDAQ:ERIE)
www.goerie.com - August 2 at 9:42 AM
News IconNew CEO takes over at Erie Insurance (NASDAQ:ERIE)
www.goerie.com - August 1 at 4:49 PM
seekingalpha.com logoErie Indemnity's (ERIE) CEO Terrence Cavanaugh on Q2 2016 Results - Earnings Call Transcript (NASDAQ:ERIE)
seekingalpha.com - July 30 at 4:32 PM
finance.yahoo.com logoEdited Transcript of ERIE earnings conference call or presentation 29-Jul-16 2:00pm GMT (NASDAQ:ERIE)
finance.yahoo.com - July 29 at 1:13 PM
twst.com logoErie Indemnity Company: Erie Indemnity Reports Second Quarter 2016 Results (NASDAQ:ERIE)
www.twst.com - July 28 at 9:21 PM
nasdaq.com logoErie Indemnity Co Announces 9% Rise In Q2 Profit (NASDAQ:ERIE)
www.nasdaq.com - July 28 at 9:21 PM
finance.yahoo.com logoErie Indemnity Reports Second Quarter 2016 Results (NASDAQ:ERIE)
finance.yahoo.com - July 28 at 9:21 PM
reuters.com logoBRIEF-Erie Indemnity says Q2 earnings per share $1.17 (NASDAQ:ERIE)
www.reuters.com - July 28 at 9:21 PM
sg.finance.yahoo.com logoErie Indemnity posts 2Q profit (NASDAQ:ERIE)
sg.finance.yahoo.com - July 28 at 6:39 PM
wsj.com logoCFO Moves: Waste Management, Erie Indemnity (NASDAQ:ERIE)
blogs.wsj.com - July 28 at 7:35 AM
biz.yahoo.com logoQ2 2016 Erie Indemnity Co Earnings Release - After Market Close (NASDAQ:ERIE)
biz.yahoo.com - July 28 at 7:07 AM
News IconErie Insurance partners with Go Fas Racing (NASDAQ:ERIE)
www.speedwaymedia.com - July 27 at 10:34 PM
biz.yahoo.com logoERIE INDEMNITY CO Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial Statements a (NASDAQ:ERIE)
biz.yahoo.com - July 27 at 4:33 PM
publicnow.com logoErie Indemnity Company names Chief Financial Officer (NASDAQ:ERIE)
www.publicnow.com - July 27 at 10:48 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jul 21 Filed by: WILBURN ROBERT C (NASDAQ:ERIE)
www.streetinsider.com - July 23 at 8:56 AM
News IconCouple's suit seeks damages for collision (NASDAQ:ERIE)
wvrecord.com - July 21 at 10:21 PM
News IconPerry Palooza is a fun free family event in Perry Square (NASDAQ:ERIE)
www.yourerie.com - July 21 at 5:00 PM
News IconErie Mutual Insurance (NASDAQ:ERIE)
www.niagarathisweek.com - July 20 at 6:08 PM
capitalcube.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : July 19, 2016 (NASDAQ:ERIE)
www.capitalcube.com - July 19 at 8:19 AM
News IconBusiness in brief: Howard Hanna acquires Buffalo firm (NASDAQ:ERIE)
www.goerie.com - July 17 at 4:33 PM
News IconErie County Deputy Sheriff Admits to Insurance Fraud Orchard Park resident falsely reported stolen car (NASDAQ:ERIE)
artvoice.com - July 15 at 3:52 PM
publicnow.com logoErie Indemnity to host second quarter 2016 conference call and webcast (NASDAQ:ERIE)
www.publicnow.com - July 13 at 10:08 AM
News IconJefferson Co. NAACP leader brings cops & residents together (NASDAQ:ERIE)
www.wsiltv.com - July 13 at 7:37 AM
News IconErie County Sheriff's Deputy admits to insurance fraud (NASDAQ:ERIE)
www.wkbw.com - July 7 at 10:02 PM
News IconOrchard Park man admits to insurance fraud (NASDAQ:ERIE)
www.buffalonews.com - July 7 at 4:53 PM
News IconErie Insurance VP lands new job in Chicago (NASDAQ:ERIE)
www.goerie.com - July 6 at 10:43 PM
News Icon2 high-ranking Erie Insurance execs leaving company (NASDAQ:ERIE)
www.goerie.com - July 2 at 7:04 AM

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Erie Indemnity (NASDAQ:ERIE) Chart for Thursday, September, 29, 2016


Last Updated on 9/29/2016 by MarketBeat.com Staff