NASDAQ:ERIEErie Indemnity Stock Price, Forecast & News

Erie Indemnity's stock was trading at $145.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ERIE shares have increased by 49.2% and is now trading at $217.37.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Erie Indemnity in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."
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Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Erie Indemnity.

Erie Indemnity (NASDAQ:ERIE) posted its earnings results on Thursday, July, 30th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.48 by $0.09. The financial services provider earned $657.02 million during the quarter, compared to the consensus estimate of $623.10 million. Erie Indemnity had a return on equity of 25.86% and a net margin of 11.76%. During the same quarter last year, the business earned $1.68 earnings per share.
View Erie Indemnity's earnings history.

Erie Indemnity declared a quarterly dividend on Monday, August 3rd. Investors of record on Monday, October 5th will be given a dividend of $0.965 per share on Tuesday, October 20th. This represents a $3.86 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, October 2nd.
View Erie Indemnity's dividend history.

Press coverage about ERIE stock has trended somewhat negative on Saturday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Erie Indemnity earned a news impact score of -1.5 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the near term.
View the latest news about Erie Indemnity.

Erie Indemnity saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 1,690,000 shares, a decline of 14.2% from the January 15th total of 1,970,000 shares. Based on an average trading volume of 96,700 shares, the short-interest ratio is presently 17.5 days. Currently, 6.7% of the company's shares are sold short.
View Erie Indemnity's Short Interest.

Some companies that are related to Erie Indemnity include Berkshire Hathaway (BRK.B), Progressive (PGR), Travelers Companies (TRV), Allstate (ALL), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), Hanover Insurance Group (THG) and Axis Capital (AXS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Erie Indemnity investors own include Cummins (CMI), Amgen (AMGN), Mallinckrodt (MNK), Walmart (WMT), Boeing (BA), Cisco Systems (CSCO), Union Pacific (UNP), AbbVie (ABBV), Honeywell International (HON) and Skyworks Solutions (SWKS).

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

Erie Indemnity's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.56%), APG Asset Management N.V. (0.72%), Bank of New York Mellon Corp (0.49%), California Public Employees Retirement System (0.46%), New York State Common Retirement Fund (0.39%) and Swiss National Bank (0.25%). Company insiders that own Erie Indemnity stock include Brian Arden Sr Hudson, Elizabeth A Vorsheck, Eugene C Connell, J Ralph Borneman Jr, Louis F Colaizzo, Salvatore Correnti and Timothy G Necastro.
View institutional ownership trends for Erie Indemnity.

ERIE stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., SG Americas Securities LLC, BI Asset Management Fondsmaeglerselskab A S, Hartford Investment Management Co., Bank of America Corp DE, Goldman Sachs Group Inc., Holocene Advisors LP, and Balyasny Asset Management LLC.
View insider buying and selling activity for Erie Indemnity.

ERIE stock was bought by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, California Public Employees Retirement System, Teacher Retirement System of Texas, Bank of New York Mellon Corp, APG Asset Management N.V., NN Investment Partners Holdings N.V., Robeco Institutional Asset Management B.V., and Nissay Asset Management Corp Japan ADV. Company insiders that have bought Erie Indemnity stock in the last two years include Brian Arden Sr Hudson, Elizabeth A Vorsheck, Eugene C Connell, Louis F Colaizzo, Salvatore Correnti, and Timothy G Necastro.
View insider buying and selling activity for Erie Indemnity.

Shares of ERIE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ERIE stock can currently be purchased for approximately $217.37.

Erie Indemnity has a market capitalization of $10.04 billion and generates $2.48 billion in revenue each year. The financial services provider earns $316.82 million in net income (profit) each year or $6.06 on an earnings per share basis. Erie Indemnity employs 5,700 workers across the globe.

The official website for Erie Indemnity is www.erieinsurance.com.

Erie Indemnity's mailing address is 100 ERIE INSURANCE PLACE, ERIE PA, 16530. The financial services provider can be reached via phone at 814-870-2000 or via email at [email protected]