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 - NEC
  • Sub-Industry: Property & Casualty Insurance
  • Symbol: NASDAQ:ERIE
  • CUSIP: 29530P10
  • Web: www.erieinsurance.com
Capitalization:
  • Market Cap: $5.7376 billion
  • Outstanding Shares: 52,289,000
Average Prices:
  • 50 Day Moving Avg: $118.81
  • 200 Day Moving Avg: $117.43
  • 52 Week Range: $95.18 - $126.90
P/E:
  • Trailing P/E Ratio: 30.67
  • Foreward P/E Ratio: 28.43
  • P/E Growth: 3.04
Sales & Book Value:
  • Annual Revenue: $1.62 billion
  • Price / Sales: 4.01
  • Book Value: $15.87 per share
  • Price / Book: 7.83
Dividend:
  • Annual Dividend: $3.13
  • Dividend Yield: 2.5%
Profitability:
  • EBIDTA: $306.06 million
  • Net Margins: 13.10%
  • Return on Equity: 25.80%
  • Return on Assets: 14.34%
Debt:
  • Debt-to-Equity Ratio: 0.03%
  • Current Ratio: 1.78%
  • Quick Ratio: 1.78%
Misc:
  • Average Volume: 33,897 shs.
  • Beta: 0.42
  • Short Ratio: 6.1
 

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. Investors 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 dividend on an annualized basis and a yield of 2.52%. 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) issued its quarterly earnings results on Monday, May, 1st. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.04. The company had revenue of $399.32 million for the quarter, compared to the consensus estimate of $394.47 million. Erie Indemnity Company had a net margin of 13.10% and a return on equity of 25.80%. During the same period in the previous year, the firm earned $0.87 earnings per share. View Erie Indemnity Company's Earnings History.

Are investors shorting Erie Indemnity Company?

Erie Indemnity Company saw a increase in short interest in May. As of May 15th, there was short interest totalling 252,900 shares, an increase of 6.2% from the April 28th total of 238,173 shares. Based on an average trading volume of 32,471 shares, the short-interest ratio is currently 7.8 days.

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 a number of of institutional and retail 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 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.. 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 $124.22.


MarketBeat Community Rating for Erie Indemnity Company (NASDAQ ERIE)
Community Ranking:  2.2 out of 5 ( )
Outperform Votes:  17 (Vote Outperform)
Underperform Votes:  22 (Vote Underperform)
Total Votes:  39
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 6/25/2015 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
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: $4.13
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)

Dividends

Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)
Next Dividend:7/20/2017
Annual Dividend:$3.13
Dividend Yield:2.52%
Dividend Growth:18.00% (3 Year Average)
Payout Ratio:77.48% (Trailing 12 Months of Earnings)
76.72% (Based on This Year's Estimates)
71.62% (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
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: 30.85%
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 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
finance.yahoo.com logoEdited Transcript of ERIE earnings conference call or presentation 2-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:27 AM
americanbankingnews.com logoErie Indemnity Company (ERIE) Earning Somewhat Critical News Coverage, Report Finds
www.americanbankingnews.com - May 3 at 12:37 PM
reuters.com logoBRIEF-Erie Indemnity Q1 earnings per share $0.91
www.reuters.com - May 3 at 9:36 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: May 01 Filed by: Gutting Gregory J
www.streetinsider.com - May 3 at 9:36 AM
seekingalpha.com logoErie Indemnity's (ERIE) Timothy NeCastro on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 9:36 AM
finance.yahoo.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : May 3, 2017
finance.yahoo.com - May 3 at 9:36 AM
americanbankingnews.com logoErie Indemnity Company (ERIE) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 2 at 1:03 PM
americanbankingnews.com logoZacks Investment Research Downgrades Erie Indemnity Company (ERIE) to Hold
www.americanbankingnews.com - May 1 at 9:30 PM
marketbeat.com logoErie Indemnity posts 1Q profit
marketbeat.com - May 1 at 5:20 PM
finance.yahoo.com logoErie Indemnity Reports First Quarter 2017 Results
finance.yahoo.com - May 1 at 4:52 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Getting Somewhat Positive News Coverage, Study Shows
www.americanbankingnews.com - April 30 at 4:11 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Set to Announce Earnings on Monday
www.americanbankingnews.com - April 29 at 7:08 AM
americanbankingnews.com logoErie Indemnity Company (ERIE) Plans Quarterly Dividend of $0.78
www.americanbankingnews.com - April 28 at 10:44 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Getting Somewhat Favorable Press Coverage, Study Finds
www.americanbankingnews.com - April 27 at 11:02 PM
americanbankingnews.com logoZacks: Erie Indemnity Company (ERIE) Receives Consensus Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - April 27 at 9:42 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Apr 25 Filed by: HARTZ CHARLES SCOTT
www.streetinsider.com - April 26 at 10:40 PM
finance.yahoo.com logoErie Indemnity Company Reports Election of Directors
finance.yahoo.com - April 26 at 10:40 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Very Likely to Affect Erie Indemnity Company (ERIE) Share Price
www.americanbankingnews.com - April 24 at 9:58 PM
finance.yahoo.com logoTop Ranked Income Stocks to Buy for April 18th
finance.yahoo.com - April 18 at 4:43 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Earns Daily News Sentiment Rating of 0.05
www.americanbankingnews.com - April 13 at 6:15 PM
finance.yahoo.com logoErie Indemnity Co. : ERIE-US: Dividend Analysis : April 05th, 2017 (record date) : By the numbers : April 13, 2017
finance.yahoo.com - April 13 at 11:24 AM
finance.yahoo.com logoErie Indemnity to host first quarter 2017 conference call and webcast
finance.yahoo.com - April 12 at 10:08 AM
seekingalpha.com logo33 Safer Dividend Champion Dogs Also Put McGrath RentCorp As April Top Gainer
seekingalpha.com - April 10 at 11:42 AM
finance.yahoo.com logoTame Market Volatility with These 5 Low-Beta Stocks
finance.yahoo.com - April 7 at 9:40 AM
americanbankingnews.com logoZacks: Erie Indemnity Company (ERIE) Receives Average Recommendation of "Strong Buy" from Brokerages
www.americanbankingnews.com - April 4 at 10:28 PM
finance.yahoo.com logoNational survey from Erie Insurance finds majority think self-driving cars will eliminate distracted driving
finance.yahoo.com - March 27 at 11:53 AM
bizjournals.com logoPanelists talk productivity, design in attracting and retaining workers
www.bizjournals.com - March 23 at 5:32 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Mar 10 Filed by: WILBURN ROBERT C
www.streetinsider.com - March 11 at 9:43 AM
finance.yahoo.com logoERIE INDEMNITY CO Financials
finance.yahoo.com - March 2 at 5:18 PM
finance.yahoo.com logoEdited Transcript of ERIE earnings conference call or presentation 24-Feb-17 3:00pm GMT
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
seekingalpha.com - February 24 at 5:56 PM
biz.yahoo.com logoERIE INDEMNITY CO Files SEC form 10-K, Annual Report
us.rd.yahoo.com - February 24 at 11:32 AM
nasdaq.com logoErie Indemnity Co Earnings Climb 52% In Q4
www.nasdaq.com - February 23 at 10:03 PM
reuters.com logoBRIEF-Erie Indemnity reports Q4 earnings per share $0.87
www.reuters.com - February 23 at 10:03 PM
biz.yahoo.com logoQ4 2016 Erie Indemnity Co Earnings Release - After Market Close
biz.yahoo.com - February 23 at 5:01 PM
finance.yahoo.com logoErie Indemnity Reports Full Year and Fourth Quarter 2016 Results
finance.yahoo.com - February 23 at 5:01 PM

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Chart

Erie Indemnity Company (ERIE) Chart for Sunday, June, 25, 2017

This page was last updated on 6/25/2017 by MarketBeat.com Staff