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: Insurance Brokers
  • Sub-Industry: Property & Casualty Insurance
  • Symbol: NASDAQ:ERIE
  • CUSIP: 29530P10
  • Web:
  • Market Cap: $6.1 billion
  • Outstanding Shares: 52,289,000
Average Prices:
  • 50 Day Moving Avg: $119.57
  • 200 Day Moving Avg: $115.42
  • 52 Week Range: $93.49 - $125.88
  • Trailing P/E Ratio: 28.81
  • Foreward P/E Ratio: 27.39
  • P/E Growth: 2.88
Sales & Book Value:
  • Annual Revenue: $1.62 billion
  • Price / Sales: 3.77
  • Book Value: $15.87 per share
  • Price / Book: 7.35
  • Annual Dividend: $3.13
  • Dividend Yield: 2.7%
  • EBIDTA: $306.06 million
  • Net Margins: 12.38%
  • Return on Equity: 24.48%
  • Return on Assets: 13.91%
  • Current Ratio: 1.83%
  • Quick Ratio: 1.83%
  • Average Volume: 36,095 shs.
  • Beta: 0.46
  • Short Ratio: 5.91

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, April 28th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.7825 per share on Thursday, July 20th. This represents a $3.13 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, July 3rd. View Erie Indemnity Company's Dividend History.

How were Erie Indemnity Company's earnings last quarter?

Erie Indemnity Company (NASDAQ:ERIE) posted its earnings results on Monday, May, 1st. The company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.95 by $0.04. The business had revenue of $399.32 million for the quarter, compared to analyst estimates of $394.47 million. Erie Indemnity Company had a net margin of 12.38% and a return on equity of 24.48%. During the same quarter in the previous year, the company posted $0.87 EPS. View Erie Indemnity Company's Earnings History.

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

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. (9.36%), Vanguard Group Inc. (4.37%), BlackRock Inc. (1.74%), Royce & Associates LP (0.74%), State Street Corp (0.66%) and Dimensional Fund Advisors LP (0.47%). Company insiders that own Erie Indemnity Company stock include John F Kearns, Richard L Stover, Robert C Ingram III, 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 Bank of New York Mellon Corp, Victory Capital Management Inc., Renaissance Technologies LLC, PNC Financial Services Group Inc., California Public Employees Retirement System, State of Wisconsin Investment Board, Los Angeles Capital Management & Equity Research Inc. and Advisors Asset Management Inc.. Company insiders that have sold Erie Indemnity Company stock in the last year include John F Kearns, 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Karp Capital Management Corp, First Trust Advisors LP, Oxford Asset Management, Geode Capital Management LLC, State Street Corp and Schwab Charles Investment Management Inc.. Company insiders that have bought Erie Indemnity Company stock in the last two years include Robert C Ingram III and Timothy G Necastro. 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.

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

One share of Erie Indemnity Company stock can currently be purchased for approximately $116.69.

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)
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 5/26/2015 forward)


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
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)


Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE)
2017 EPS Consensus Estimate: $4.13
2018 EPS Consensus Estimate: $4.37
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.96$0.96$0.96
Q2 20171$1.21$1.21$1.21
Q3 20171$1.15$1.15$1.15
Q4 20171$0.81$0.81$0.81
Q1 20181$1.02$1.02$1.02
Q2 20181$1.27$1.27$1.27
Q3 20181$1.22$1.22$1.22
Q4 20181$0.86$0.86$0.86
(Data provided by Zacks Investment Research)


Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)
Next Dividend:7/20/2017
Annual Dividend:$3.13
Dividend Yield:2.68%
Dividend Growth:18.00% (3 Year Average)
Payout Ratio:84.59% (Trailing 12 Months of Earnings)
76.90% (Based on This Year's Estimates)
73.47% (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
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Erie Indemnity Company (NASDAQ:ERIE)
Insider Ownership Percentage: 47.46%
Institutional Ownership Percentage: 30.73%
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)


Headline Trends for Erie Indemnity Company (NASDAQ:ERIE)
Latest Headlines for Erie Indemnity Company (NASDAQ:ERIE)
DateHeadline logoForm 4 ERIE INDEMNITY CO For: May 15 Filed by: NECASTRO TIMOTHY G - May 18 at 10:24 AM logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017 - May 17 at 10:53 AM logoErie Indemnity Company (ERIE) CEO Buys $49,983.20 in Stock - May 17 at 10:20 AM logoErie Indemnity Company to Post Q2 2017 Earnings of $1.21 Per Share, William Blair Forecasts (ERIE) - May 5 at 9:00 AM logoQ1 2018 Earnings Forecast for Erie Indemnity Company (ERIE) Issued By William Blair - May 4 at 5:50 PM logoErie Insurance appoints Cook to senior leadership role - May 4 at 5:09 PM logoEdited Transcript of ERIE earnings conference call or presentation 2-May-17 2:00pm GMT - May 4 at 11:27 AM logoErie Indemnity Company (ERIE) Earning Somewhat Critical News Coverage, Report Finds - May 3 at 12:37 PM logoBRIEF-Erie Indemnity Q1 earnings per share $0.91 - May 3 at 9:36 AM logoForm 4 ERIE INDEMNITY CO For: May 01 Filed by: Gutting Gregory J - May 3 at 9:36 AM logoErie Indemnity's (ERIE) Timothy NeCastro on Q1 2017 Results - Earnings Call Transcript - May 3 at 9:36 AM logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : May 3, 2017 - May 3 at 9:36 AM logoErie Indemnity Company (ERIE) Issues Quarterly Earnings Results - May 2 at 1:03 PM logoZacks Investment Research Downgrades Erie Indemnity Company (ERIE) to Hold - May 1 at 9:30 PM logoErie Indemnity posts 1Q profit - May 1 at 5:20 PM logoErie Indemnity Reports First Quarter 2017 Results - May 1 at 4:52 PM logoErie Indemnity Company (ERIE) Getting Somewhat Positive News Coverage, Study Shows - April 30 at 4:11 PM logoErie Indemnity Company (ERIE) Set to Announce Earnings on Monday - April 29 at 7:08 AM logoErie Indemnity Company (ERIE) Plans Quarterly Dividend of $0.78 - April 28 at 10:44 PM logoErie Indemnity Company (ERIE) Getting Somewhat Favorable Press Coverage, Study Finds - April 27 at 11:02 PM logoZacks: Erie Indemnity Company (ERIE) Receives Consensus Rating of "Strong Buy" from Analysts - April 27 at 9:42 AM logoForm 4 ERIE INDEMNITY CO For: Apr 25 Filed by: HARTZ CHARLES SCOTT - April 26 at 10:40 PM logoErie Indemnity Company Reports Election of Directors - April 26 at 10:40 PM logoSomewhat Favorable Media Coverage Very Likely to Affect Erie Indemnity Company (ERIE) Share Price - April 24 at 9:58 PM logoTop Ranked Income Stocks to Buy for April 18th - April 18 at 4:43 PM logoErie Indemnity Company (ERIE) Earns Daily News Sentiment Rating of 0.05 - April 13 at 6:15 PM logoErie Indemnity Co. : ERIE-US: Dividend Analysis : April 05th, 2017 (record date) : By the numbers : April 13, 2017 - April 13 at 11:24 AM logoErie Indemnity to host first quarter 2017 conference call and webcast - April 12 at 10:08 AM logo33 Safer Dividend Champion Dogs Also Put McGrath RentCorp As April Top Gainer - April 10 at 11:42 AM logoTame Market Volatility with These 5 Low-Beta Stocks - April 7 at 9:40 AM logoZacks: Erie Indemnity Company (ERIE) Receives Average Recommendation of "Strong Buy" from Brokerages - April 4 at 10:28 PM logoNational survey from Erie Insurance finds majority think self-driving cars will eliminate distracted driving - March 27 at 11:53 AM logoPanelists talk productivity, design in attracting and retaining workers - March 23 at 5:32 PM logoForm 4 ERIE INDEMNITY CO For: Mar 10 Filed by: WILBURN ROBERT C - March 11 at 9:43 AM logoERIE INDEMNITY CO Financials - March 2 at 5:18 PM logoEdited Transcript of ERIE earnings conference call or presentation 24-Feb-17 3:00pm GMT - February 24 at 10:59 PM logoErie Indemnity's (ERIE) CEO Timothy NeCastro on Q4 2016 Results - Earnings Call Transcript - February 24 at 5:56 PM logoERIE INDEMNITY CO Files SEC form 10-K, Annual Report - February 24 at 11:32 AM logoErie Indemnity Co Earnings Climb 52% In Q4 - February 23 at 10:03 PM logoBRIEF-Erie Indemnity reports Q4 earnings per share $0.87 - February 23 at 10:03 PM logoQ4 2016 Erie Indemnity Co Earnings Release - After Market Close - February 23 at 5:01 PM logoErie Indemnity Reports Full Year and Fourth Quarter 2016 Results - February 23 at 5:01 PM logoErie Indemnity to host fourth quarter 2016 conference call and webcast - February 8 at 5:31 PM logoForm 4 ERIE INDEMNITY CO For: Feb 01 Filed by: Datesh LuAnn - February 2 at 5:31 PM logoForm 3/A ERIE INDEMNITY CO For: Jan 19 Filed by: Colaizzo Louis F - January 30 at 8:59 PM logoForm 4 ERIE INDEMNITY CO For: Jan 23 Filed by: Sheffield Martin - January 24 at 10:43 PM logoErie Insurance Announces Senior Leadership Changes - January 9 at 5:48 PM logoErie Insurance Says Throw Out Your Christmas Tree, Now! - January 4 at 6:09 PM logoErie Indemnity Rewards Shareholders with Dividend Hike - December 8 at 5:39 PM logoErie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Quarterly Dividend - December 7 at 8:24 PM



Erie Indemnity Company (ERIE) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by Staff