Erie Indemnity Company Company Profile (NASDAQ:ERIE)

About Erie Indemnity Company (NASDAQ:ERIE)

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 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 supports various functions. The remaining services the Company provides include customer service and administrative costs.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Symbol: NASDAQ:ERIE
  • CUSIP: 29530P10
  • Web: www.erieinsurance.com
Capitalization:
  • Market Cap: $6.11 billion
  • Outstanding Shares: 52,289,000
Average Prices:
  • 50 Day Moving Avg: $121.81
  • 200 Day Moving Avg: $121.58
  • 52 Week Range: $98.36 - $129.73
P/E:
  • Trailing P/E Ratio: 29.24
  • Foreward P/E Ratio: 28.66
  • P/E Growth: 3.03
Sales & Book Value:
  • Annual Revenue: $1.65 billion
  • Price / Sales: 3.71
  • Book Value: $16.32 per share
  • Price / Book: 7.17
Dividend:
  • Annual Dividend: $3.13
  • Dividend Yield: 2.6%
Profitability:
  • EBIDTA: $303.02 million
  • Net Margins: 12.73%
  • Return on Equity: 25.11%
  • Return on Assets: 13.76%
Debt:
  • Debt-to-Equity Ratio: 0.06%
  • Current Ratio: 1.84%
  • Quick Ratio: 1.84%
Misc:
  • Average Volume: 29,845 shs.
  • Beta: 0.47
  • Short Ratio: 8.02
 

Frequently Asked Questions for Erie Indemnity Company (NASDAQ:ERIE)

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 Friday, July 28th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.783 per share on Friday, October 20th. This represents a $3.13 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Wednesday, October 4th. This is an increase from Erie Indemnity Company's previous quarterly dividend of $0.78. View Erie Indemnity Company's Dividend History.

How were Erie Indemnity Company's earnings last quarter?

Erie Indemnity Company (NASDAQ:ERIE) issued its quarterly earnings results on Thursday, July, 27th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.21 by $0.09. The company earned $448.56 million during the quarter, compared to analyst estimates of $447.41 million. Erie Indemnity Company had a return on equity of 25.11% and a net margin of 12.73%. View Erie Indemnity Company's Earnings History.

When will Erie Indemnity Company make its next earnings announcement?

Erie Indemnity Company is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Erie Indemnity Company.

Who are some of Erie Indemnity Company's key competitors?

Who are Erie Indemnity Company's key executives?

Erie Indemnity Company's management team includes the folowing people:

  • Thomas B. Hagen, Independent Chairman of the Board
  • Timothy G. NeCastro, President, Chief Executive Officer
  • Gregory J. Gutting, Chief Financial Officer, Executive Vice President
  • Robert C. Ingram III, Executive Vice President, Chief Information Officer
  • Sean J. McLaughlin, Executive Vice President, General Counsel
  • Douglas Edward Smith, Executive Vice President - Sales & Products
  • Lorianne Feltz, Executive Vice President - Claims & Customer Service
  • J. Ralph Borneman Jr., Director
  • Eugene C. Connell, Independent Director
  • LuAnn Datesh, Independent Director

Who owns Erie Indemnity Company stock?

Erie Indemnity Company's stock is owned by many different of retail and institutional investors. Top institutional investors include PNC Financial Services Group Inc. (9.40%), Vanguard Group Inc. (4.43%), Franklin Resources Inc. (3.83%), BlackRock Inc. (1.80%), Royce & Associates LP (0.73%) and State Street Corp (0.69%). Company insiders that own Erie Indemnity Company stock include John F Kearns, Richard L Stover, Robert C Wilburn and Timothy G Necastro. View Institutional Ownership Trends for Erie Indemnity Company.

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 Franklin Resources Inc., Russell Investments Group Ltd., Citigroup Inc., TIAA CREF Investment Management LLC, Royce & Associates LP, Susquehanna International Group LLP, Advisors Asset Management Inc. and California State Teachers Retirement System. Company insiders that have sold Erie Indemnity Company stock in the last year include Richard L Stover and Robert C Wilburn. View Insider Buying and Selling for Erie Indemnity Company.

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 Janus Henderson Group PLC, Vanguard Group Inc., BlackRock Inc., PNC Financial Services Group Inc., Schwab Charles Investment Management Inc., First Trust Advisors LP, CWA Asset Management Group LLC and State Street Corp. View Insider Buying and Selling for Erie Indemnity Company.

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.

What is Erie Indemnity Company's stock price today?

One share of Erie Indemnity Company stock can currently be purchased for approximately $116.94.


MarketBeat Community Rating for Erie Indemnity Company (NASDAQ ERIE)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  52 (Vote Outperform)
Underperform Votes:  55 (Vote Underperform)
Total Votes:  107
MarketBeat's community ratings are surveys of what our community members think about Erie Indemnity Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Erie Indemnity Company (NASDAQ:ERIE) (How are Consensus Ratings Calculated?)
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 TargetImpact on Share PriceDetails
1/19/2016MacquarieBoost Price Target$84.00 -> $96.00N/AView Rating Details
11/2/2015William BlairReiterated RatingOutperformN/AView Rating Details
(Data available from 9/22/2015 forward)

Earnings

Earnings History for Erie Indemnity Company (NASDAQ:ERIE)
Earnings by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Earnings History by Quarter for Erie Indemnity Company (NASDAQ ERIE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$1.11N/AView Earnings Details
7/27/2017Q2 2017$1.21$1.12$447.41 million$448.56 millionViewN/AView Earnings Details
5/1/2017Q1 2017$0.95$0.91$394.47 million$399.32 millionViewListenView Earnings Details
2/23/2017Q416$0.81$0.87$376.71 million$379.61 millionViewN/AView Earnings Details
10/27/2016Q316$1.04$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 million$374.73 millionViewN/AView Earnings Details
2/25/2016Q415$0.69$0.57$364.34 million$356.40 millionViewListenView Earnings Details
10/29/2015Q315$1.06$0.94$393.66 million$1.35 billionViewListenView Earnings Details
7/30/2015Q215$0.98$1.07$400.43 million$1.63 billionViewListenView Earnings Details
4/30/2015Q115$0.90$0.74$348.26 million$1.61 billionViewN/AView Earnings Details
2/26/2015Q4 14$0.70$0.48$331.70 million$1.59 millionViewN/AView Earnings Details
10/30/2014Q3 2014$0.94$0.90$366.35 million$370.00 millionViewN/AView Earnings Details
7/31/2014Q2 2014$0.94$0.94$373.15 million$1.60 billionViewN/AView Earnings Details
5/1/2014Q413$0.78$0.88$326.75 million$326.00 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)
2017 EPS Consensus Estimate: $4.04
2018 EPS Consensus Estimate: $4.08
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.96$0.96$0.96
Q2 20171$1.21$1.21$1.21
Q3 20171$1.11$1.11$1.11
Q4 20171$0.76$0.76$0.76
Q1 20181$0.96$0.96$0.96
Q2 20181$1.18$1.18$1.18
Q3 20181$1.15$1.15$1.15
Q4 20181$0.79$0.79$0.79
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)
Next Dividend:10/20/2017
Annual Dividend:$3.13
Dividend Yield:2.68%
Dividend Growth:18.00% (3 Year Average)
Payout Ratio:78.45% (Trailing 12 Months of Earnings)
80.26% (Based on This Year's Estimates)
76.72% (Based on Next Year's Estimates)
Track Record:21 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Erie Indemnity Company (NASDAQ:ERIE)

Dividend History by Quarter for Erie Indemnity Company (NASDAQ ERIE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/28/2017Quarterly$0.782.46%10/4/201710/5/201710/20/2017
4/28/2017quarterly$0.782.53%7/3/20177/6/20177/20/2017
2/27/2017quarterly$0.782.63%4/3/20174/5/20174/20/2017
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 and Institutional Ownership History for Erie Indemnity Company (NASDAQ:ERIE)
Insider Ownership Percentage: 46.79%
Institutional Ownership Percentage: 30.97%
Insider Trades by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Institutional Ownership by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Insider Trades by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/28/2017Richard L StoverDirectorSell0$113.66$0.00View SEC Filing  
5/15/2017Timothy G NecastroCEOBuy430$116.24$49,983.20View SEC Filing  
3/10/2017Robert C WilburnDirectorSell2,700$120.16$324,432.00View 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

Headline Trends for Erie Indemnity Company (NASDAQ:ERIE)
Latest Headlines for Erie Indemnity Company (NASDAQ:ERIE)
Source:
DateHeadline
americanbankingnews.com logoReviewing Erie Indemnity (ERIE) and The Competition
www.americanbankingnews.com - September 19 at 6:10 PM
americanbankingnews.com logoZacks: Erie Indemnity Company (ERIE) Receives Consensus Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - September 9 at 11:29 AM
finance.yahoo.com logoSeven Tips for First-Time Life Insurance Buyers
finance.yahoo.com - September 7 at 6:29 PM
nasdaq.com logoErie Indemnity is Oversold
www.nasdaq.com - September 5 at 8:02 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Downgraded to "Sell" at BidaskClub
www.americanbankingnews.com - August 25 at 9:44 PM
finance.yahoo.com logoErie Indemnity Co. : ERIE-US: Dividend Analysis : July 06th, 2017 (record date) : By the numbers : August 18, 2017
finance.yahoo.com - August 18 at 6:18 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Erie Indemnity Co.
finance.yahoo.com - August 16 at 5:09 AM
finance.yahoo.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : August 11, 2017
finance.yahoo.com - August 11 at 6:48 PM
finance.yahoo.com logoErie Insurance Appoints Shine to Senior Leadership Role
finance.yahoo.com - August 10 at 7:40 PM
americanbankingnews.com logo Erie Indemnity Company (ERIE) Given Average Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - August 9 at 6:30 PM
americanbankingnews.com logoWilliam Blair Research Analysts Decrease Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE)
www.americanbankingnews.com - August 4 at 3:48 PM
americanbankingnews.com logoErie Indemnity Company (NASDAQ:ERIE) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - August 3 at 9:10 PM
americanbankingnews.com logoErie Indemnity Company Forecasted to Post Q3 2017 Earnings of $1.11 Per Share (NASDAQ:ERIE)
www.americanbankingnews.com - August 3 at 8:28 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Aug 01
www.streetinsider.com - August 2 at 7:17 PM
nasdaq.com logoErie Indemnity Named Top Dividend Stock With Insider Buying and 2.46% Yield (ERIE)
www.nasdaq.com - August 1 at 6:58 PM
finance.yahoo.com logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017
finance.yahoo.com - July 31 at 6:08 PM
americanbankingnews.com logoComparing Montpelier Re Holdings (MRH) and Erie Indemnity (ERIE)
www.americanbankingnews.com - July 31 at 10:31 AM
americanbankingnews.com logoZacks: Erie Indemnity Company (NASDAQ:ERIE) Receives Average Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - July 31 at 9:34 AM
seekingalpha.com logoErie Indemnity's (ERIE) CEO Tim NeCastro on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 29 at 1:32 AM
finance.yahoo.com logoEdited Transcript of ERIE earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 1:32 AM
americanbankingnews.com logoErie Indemnity Company (NASDAQ:ERIE) Issues Earnings Results, Misses Estimates By $0.09 EPS
www.americanbankingnews.com - July 28 at 7:45 PM
finance.yahoo.com logoErie Indemnity posts 2Q profit
finance.yahoo.com - July 27 at 11:53 PM
nasdaq.com logoErie Indemnity Co Q2 Profit Falls 5%
www.nasdaq.com - July 27 at 6:53 PM
finance.yahoo.com logoErie Indemnity Reports Second Quarter 2017 Results
finance.yahoo.com - July 27 at 6:53 PM
americanbankingnews.com logoZacks: Erie Indemnity Company (ERIE) Given Consensus Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - July 25 at 11:03 AM
americanbankingnews.com logoCritical Review: Erie Indemnity (NASDAQ:ERIE) and Alleghany Corporation (Y)
www.americanbankingnews.com - July 22 at 7:36 AM
finance.yahoo.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : July 17, 2017
finance.yahoo.com - July 17 at 11:02 AM
reuters.com logoBRIEF-Erie Indemnity says agreed to guaranteed maximum price terms of a construction management agreement with P.J. Dick - SEC Filing
www.reuters.com - July 14 at 9:29 PM
finance.yahoo.com logoErie Indemnity to host second quarter 2017 conference call and webcast
finance.yahoo.com - July 12 at 7:01 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 4 at 10:26 PM
americanbankingnews.com logo Erie Indemnity Company (NASDAQ:ERIE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - July 4 at 11:06 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jul 03 Filed by: Feltz Lorianne
www.streetinsider.com - July 3 at 11:13 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Smith Douglas Edward
www.streetinsider.com - July 2 at 4:01 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Gutting Gregory J
www.streetinsider.com - June 30 at 11:41 PM
finance.yahoo.com logoDividend Coverage: This Insurance Company has Increased Dividend for the Past 21 Years; Will Trade Ex-Dividend on July 03, 2017
finance.yahoo.com - June 30 at 6:39 PM
finance.yahoo.com logoETFs with exposure to Erie Indemnity Co. : June 28, 2017
finance.yahoo.com - June 28 at 6:02 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Upgraded to "Buy" by BidaskClub
www.americanbankingnews.com - June 17 at 6:38 PM
americanbankingnews.com logoAnalysts Expect Erie Indemnity Company (ERIE) to Announce $1.21 Earnings Per Share
www.americanbankingnews.com - June 16 at 10:48 PM
finance.yahoo.com logoETFs with exposure to Erie Indemnity Co. : June 15, 2017
finance.yahoo.com - June 15 at 7:05 PM
finance.yahoo.com logoSix Questions to Ask Your Insurance Agent
finance.yahoo.com - June 8 at 2:23 AM
finance.yahoo.com logoErie Indemnity Co. breached its 50 day moving average in a Bullish Manner : ERIE-US : June 5, 2017
finance.yahoo.com - June 5 at 11:27 AM
americanbankingnews.com logo Erie Indemnity Company (ERIE) Receives Consensus Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - June 1 at 12:48 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Short Interest Update
www.americanbankingnews.com - June 1 at 7:14 AM
finance.yahoo.com logoETFs with exposure to Erie Indemnity Co. : May 31, 2017
finance.yahoo.com - May 31 at 4:58 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: May 15 Filed by: NECASTRO TIMOTHY G
www.streetinsider.com - May 18 at 10:24 AM
finance.yahoo.com logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
finance.yahoo.com - May 17 at 10:53 AM
americanbankingnews.com logoErie Indemnity Company (ERIE) CEO Buys $49,983.20 in Stock
www.americanbankingnews.com - May 17 at 10:20 AM
americanbankingnews.com logoErie Indemnity Company to Post Q2 2017 Earnings of $1.21 Per Share, William Blair Forecasts (ERIE)
www.americanbankingnews.com - May 5 at 9:00 AM
americanbankingnews.com logoQ1 2018 Earnings Forecast for Erie Indemnity Company (ERIE) Issued By William Blair
www.americanbankingnews.com - May 4 at 5:50 PM
finance.yahoo.com logoErie Insurance appoints Cook to senior leadership role
finance.yahoo.com - May 4 at 5:09 PM

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Chart

Erie Indemnity Company (ERIE) Chart for Friday, September, 22, 2017

This page was last updated on 9/22/2017 by MarketBeat.com Staff