Erie 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: $5.7644 billion
- Outstanding Shares: 52,289,000
Average Prices:- 50 Day Moving Avg: $122.89
- 200 Day Moving Avg: $119.00
- 52 Week Range: $96.01 - $129.15
P/E:- Trailing P/E Ratio: 30.81
- Foreward P/E Ratio: 28.56
- P/E Growth: 3.06
Sales & Book Value:- Annual Revenue: $1.62 billion
- Price / Sales: 4.03
- Book Value: $15.87 per share
- Price / Book: 7.86
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: 32,308 shs.
- Beta: 0.43
- Short Ratio: 7.18
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 declared 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 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date 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 EPS for the quarter, missing analysts' consensus estimates 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 13.10% and a return on equity of 25.80%. During the same period last year, the firm earned $0.87 EPS. View Erie Indemnity Company's Earnings History.
Who are some of Erie Indemnity Company's key competitors?
Some companies that are related to Erie Indemnity Company include Alleghany Corporation (Y), American Financial Group (AFG), W.R. Berkley Corporation (WRB), RSA Insurance Group plc (RSA), Assured Guaranty (AGO), Old Republic International Corporation (ORI), Direct Line Insurance Group PLC (DLG), First American Corporation (The) (FAF), Allied World Assurance Company Holdings, AG (AWH), White Mountains Insurance Group (WTM), The Hanover Insurance Group (THG), Hiscox Ltd (HSX), Radian Group (RDN), Essent Group (ESNT), ProAssurance Corporation (PRA), Selective Insurance Group (SIGI), RLI Corp. (RLI) and Saga PLC (SAGA).
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 institutional and retail investors. Top institutional shareholders include Aperio Group LLC (0.05%), Bank of Montreal Can (0.01%), Culbertson A N & Co. Inc. (0.01%), First Quadrant L P CA (0.01%), Creative Planning (0.01%) and Huntington National Bank (0.01%). 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 Nisa Investment Advisors LLC, First Quadrant L P CA, NEXT Financial Group Inc and Capstone Asset Management Co.. 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 bought by a variety of institutional investors in the last quarter, including Atria Investments LLC, Aperio Group LLC, NN Investment Partners Holdings N.V., Bank of Montreal Can and Huntington National Bank. 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 $124.80.
MarketBeat Community Rating for Erie Indemnity Company (NASDAQ ERIE)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.
Consensus Ratings for Erie Indemnity Company (NASDAQ:ERIE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| 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:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/19/2016 | Macquarie | Boost Price Target | | $84.00 -> $96.00 | N/A |  |
| 11/2/2015 | William Blair | Reiterated Rating | Outperform | | N/A | |
(Data available from 7/24/2015 forward)
Earnings History for Erie Indemnity Company (NASDAQ:ERIE)Earnings History by Quarter for Erie Indemnity Company (NASDAQ ERIE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/1/2017 | Q1 2017 | $0.95 | $0.91 | $394.47 million | $399.32 million | View | Listen | |
| 2/23/2017 | Q416 | $0.81 | $0.87 | $376.71 million | $379.61 million | View | N/A | |
| 10/27/2016 | Q316 | $1.04 | $1.09 | $419.94 million | $418.40 million | View | N/A | |
| 7/28/2016 | Q216 | $1.05 | $1.17 | $430.66 million | $70.00 million | View | N/A | |
| 4/28/2016 | Q116 | $0.87 | $0.89 | $376.02 million | $374.73 million | View | N/A | |
| 2/25/2016 | Q415 | $0.69 | $0.57 | $364.34 million | $356.40 million | View | Listen | |
| 10/29/2015 | Q315 | $1.06 | $0.94 | $393.66 million | $1.35 billion | View | Listen | |
| 7/30/2015 | Q215 | $0.98 | $1.07 | $400.43 million | $1.63 billion | View | Listen | |
| 4/30/2015 | Q115 | $0.90 | $0.74 | $348.26 million | $1.61 billion | View | N/A | |
| 2/26/2015 | Q4 14 | $0.70 | $0.48 | $331.70 million | $1.59 million | View | N/A | |
| 10/30/2014 | Q3 2014 | $0.94 | $0.90 | $366.35 million | $370.00 million | View | N/A | |
| 7/31/2014 | Q2 2014 | $0.94 | $0.94 | $373.15 million | $1.60 billion | View | N/A | |
| 5/1/2014 | Q413 | $0.78 | $0.88 | $326.75 million | $326.00 million | View | N/A | |
| 2/27/2014 | | $0.54 | $0.67 | | | View | N/A | |
| 10/31/2013 | Q313 | $0.96 | $0.87 | $340.12 million | | View | N/A | |
| 11/1/2012 | Q312 | $0.80 | $0.93 | $310.76 million | | View | N/A | |
(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
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.96 | $0.96 | $0.96 |
| Q2 2017 | 1 | $1.21 | $1.21 | $1.21 |
| Q3 2017 | 1 | $1.15 | $1.15 | $1.15 |
| Q4 2017 | 1 | $0.81 | $0.81 | $0.81 |
| Q1 2018 | 1 | $1.02 | $1.02 | $1.02 |
| Q2 2018 | 1 | $1.27 | $1.27 | $1.27 |
| Q3 2018 | 1 | $1.22 | $1.22 | $1.22 |
| Q4 2018 | 1 | $0.86 | $0.86 | $0.86 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)| Most Recent Dividend: | 7/20/2017 |
| Annual Dividend: | $3.13 |
| Dividend Yield: | 2.51% |
| 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 History by Quarter for Erie Indemnity Company (NASDAQ ERIE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/28/2017 | quarterly | $0.78 | 2.53% | 7/3/2017 | 7/6/2017 | 7/20/2017 |
| 2/27/2017 | quarterly | $0.78 | 2.63% | 4/3/2017 | 4/5/2017 | 4/20/2017 |
| 12/8/2016 | quarterly | $0.78 | 2.73% | 1/3/2017 | 1/5/2017 | 1/20/2017 |
| 7/29/2016 | quarterly | $0.73 | 2.99% | 10/3/2016 | 10/5/2016 | 10/20/2016 |
| 4/21/2016 | Quarterly | $0.73 | | 7/1/2016 | 7/6/2016 | 7/20/2016 |
| 2/26/2016 | Quarterly | $0.73 | | 4/4/2016 | 4/6/2016 | 4/20/2016 |
| 12/2/2015 | quarterly | $0.73 | | 12/31/2015 | 1/5/2016 | 1/20/2016 |
| 4/24/2015 | quarterly | $0.68 | 3.18% | 7/2/2015 | 7/7/2015 | 7/21/2015 |
| 3/2/2015 | quarterly | $0.68 | 3.11% | 4/2/2015 | 4/7/2015 | 4/21/2015 |
| 12/3/2014 | quarterly | $0.68 | 3.04% | 1/2/2015 | 1/6/2015 | 1/21/2015 |
| 8/1/2014 | quarterly | $0.64 | 3.43% | 9/30/2014 | 10/2/2014 | 10/17/2014 |
| 4/21/2014 | quarterly | $0.64 | 3.62% | 7/1/2014 | 7/3/2014 | 7/18/2014 |
| 3/3/2014 | quarterly | $0.64 | 3.47% | 4/3/2014 | 4/7/2014 | 4/22/2014 |
| 12/5/2013 | quarterly | $0.64 | 3.62% | 1/3/2014 | 1/7/2014 | 1/22/2014 |
| 8/5/2013 | quarterly | $0.59 | 3.07% | 10/2/2013 | 10/4/2013 | 10/18/2013 |
| 4/22/2013 | quarterly | $0.59 | 3.06% | 7/2/2013 | 7/5/2013 | 7/19/2013 |
| 2/28/2013 | quarterly | $0.59 | 3.24% | 4/3/2013 | 4/5/2013 | 4/19/2013 |
(Data available from 1/1/2013 forward)
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 12/28/2017 | Richard L Stover | Director | Sell | 0 | $113.66 | $0.00 | |
| 5/15/2017 | Timothy G Necastro | CEO | Buy | 430 | $116.24 | $49,983.20 | |
| 3/10/2017 | Robert C Wilburn | Director | Sell | 2,700 | $120.16 | $324,432.00 | |
| 9/2/2016 | John F Kearns | EVP | Sell | 1,823 | $103.55 | $188,771.65 | |
| 8/29/2016 | John F Kearns | EVP | Sell | 300 | $101.86 | $30,558.00 | |
| 8/26/2016 | John F Kearns | EVP | Sell | 1,250 | $101.13 | $126,412.50 | |
| 8/25/2016 | John F Kearns | EVP | Sell | 1,500 | $100.01 | $150,015.00 | |
| 8/9/2016 | John F Kearns | EVP | Sell | 500 | $99.70 | $49,850.00 | |
| 8/5/2016 | John F Kearns | EVP | Sell | 400 | $98.15 | $39,260.00 | |
| 8/4/2016 | John F Kearns | EVP | Sell | 143 | $99.65 | $14,249.95 | |
| 8/2/2016 | John F Kearns | EVP | Sell | 2,500 | $99.15 | $247,875.00 | |
| 6/30/2016 | John F Kearns | EVP | Sell | 3,990 | $98.71 | $393,852.90 | |
| 6/9/2015 | Robert C Ingram III | VP | Buy | 2,500 | $79.90 | $199,750.00 | |
| 9/18/2013 | Gary D Veshecco | SVP | Sell | 1,200 | $74.10 | $88,920.00 | |
| 9/21/2012 | Elizabeth A Vorsheck | Director | Buy | 1,000 | $62.40 | $62,400.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Erie Indemnity Company (NASDAQ:ERIE)
Latest Headlines for Erie Indemnity Company (NASDAQ:ERIE)
| Source: |
|
| Date | Headline |
|---|
 | Critical Review: Erie Indemnity (NASDAQ:ERIE) and Alleghany Corporation (Y)
www.americanbankingnews.com - July 22 at 7:36 AM |
 | Erie 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 |
 | BRIEF-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 |
| Erie Indemnity to host second quarter 2017 conference call and webcast
finance.yahoo.com - July 12 at 7:01 PM |
| Erie Indemnity Company (ERIE) Upgraded at Zacks Investment Research
www.americanbankingnews.com - July 4 at 10:26 PM |
| Erie Indemnity Company (NASDAQ:ERIE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - July 4 at 11:06 AM |
 | Form 4 ERIE INDEMNITY CO For: Jul 03 Filed by: Feltz Lorianne
www.streetinsider.com - July 3 at 11:13 PM |
| Form 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Smith Douglas Edward
www.streetinsider.com - July 2 at 4:01 AM |
| Form 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Gutting Gregory J
www.streetinsider.com - June 30 at 11:41 PM |
| Dividend 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 |
| ETFs with exposure to Erie Indemnity Co. : June 28, 2017
finance.yahoo.com - June 28 at 6:02 PM |
| Erie Indemnity Company (ERIE) Upgraded to "Buy" by BidaskClub
www.americanbankingnews.com - June 17 at 6:38 PM |
| Analysts Expect Erie Indemnity Company (ERIE) to Announce $1.21 Earnings Per Share
www.americanbankingnews.com - June 16 at 10:48 PM |
| ETFs with exposure to Erie Indemnity Co. : June 15, 2017
finance.yahoo.com - June 15 at 7:05 PM |
| Six Questions to Ask Your Insurance Agent
finance.yahoo.com - June 8 at 2:23 AM |
| Erie 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 |
| Erie Indemnity Company (ERIE) Receives Consensus Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - June 1 at 12:48 PM |
| Erie Indemnity Company (ERIE) Short Interest Update
www.americanbankingnews.com - June 1 at 7:14 AM |
| ETFs with exposure to Erie Indemnity Co. : May 31, 2017
finance.yahoo.com - May 31 at 4:58 PM |
| Form 4 ERIE INDEMNITY CO For: May 15 Filed by: NECASTRO TIMOTHY G
www.streetinsider.com - May 18 at 10:24 AM |
| Erie Indemnity Co. :ERIE-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017
finance.yahoo.com - May 17 at 10:53 AM |
| Erie Indemnity Company (ERIE) CEO Buys $49,983.20 in Stock
www.americanbankingnews.com - May 17 at 10:20 AM |
| Erie 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 |
| Q1 2018 Earnings Forecast for Erie Indemnity Company (ERIE) Issued By William Blair
www.americanbankingnews.com - May 4 at 5:50 PM |
| Erie Insurance appoints Cook to senior leadership role
finance.yahoo.com - May 4 at 5:09 PM |
| Edited Transcript of ERIE earnings conference call or presentation 2-May-17 2:00pm GMT
finance.yahoo.com - May 4 at 11:27 AM |
| Erie Indemnity Company (ERIE) Earning Somewhat Critical News Coverage, Report Finds
www.americanbankingnews.com - May 3 at 12:37 PM |
| BRIEF-Erie Indemnity Q1 earnings per share $0.91
www.reuters.com - May 3 at 9:36 AM |
| Form 4 ERIE INDEMNITY CO For: May 01 Filed by: Gutting Gregory J
www.streetinsider.com - May 3 at 9:36 AM |
 | Erie Indemnity's (ERIE) Timothy NeCastro on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 9:36 AM |
| Erie 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 |
| Erie Indemnity Company (ERIE) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 2 at 1:03 PM |
| Zacks Investment Research Downgrades Erie Indemnity Company (ERIE) to Hold
www.americanbankingnews.com - May 1 at 9:30 PM |
 | Erie Indemnity posts 1Q profit
marketbeat.com - May 1 at 5:20 PM |
| Erie Indemnity Reports First Quarter 2017 Results
finance.yahoo.com - May 1 at 4:52 PM |
| Erie Indemnity Company (ERIE) Getting Somewhat Positive News Coverage, Study Shows
www.americanbankingnews.com - April 30 at 4:11 PM |
| Erie Indemnity Company (ERIE) Set to Announce Earnings on Monday
www.americanbankingnews.com - April 29 at 7:08 AM |
| Erie Indemnity Company (ERIE) Plans Quarterly Dividend of $0.78
www.americanbankingnews.com - April 28 at 10:44 PM |
| Erie Indemnity Company (ERIE) Getting Somewhat Favorable Press Coverage, Study Finds
www.americanbankingnews.com - April 27 at 11:02 PM |
| Zacks: Erie Indemnity Company (ERIE) Receives Consensus Rating of "Strong Buy" from Analysts
www.americanbankingnews.com - April 27 at 9:42 AM |
| Form 4 ERIE INDEMNITY CO For: Apr 25 Filed by: HARTZ CHARLES SCOTT
www.streetinsider.com - April 26 at 10:40 PM |
| Erie Indemnity Company Reports Election of Directors
finance.yahoo.com - April 26 at 10:40 PM |
| Somewhat Favorable Media Coverage Very Likely to Affect Erie Indemnity Company (ERIE) Share Price
www.americanbankingnews.com - April 24 at 9:58 PM |
| Top Ranked Income Stocks to Buy for April 18th
finance.yahoo.com - April 18 at 4:43 PM |
| Erie Indemnity Company (ERIE) Earns Daily News Sentiment Rating of 0.05
www.americanbankingnews.com - April 13 at 6:15 PM |
| Erie 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 |
| Erie Indemnity to host first quarter 2017 conference call and webcast
finance.yahoo.com - April 12 at 10:08 AM |
| 33 Safer Dividend Champion Dogs Also Put McGrath RentCorp As April Top Gainer
seekingalpha.com - April 10 at 11:42 AM |
| Tame Market Volatility with These 5 Low-Beta Stocks
finance.yahoo.com - April 7 at 9:40 AM |
| Zacks: Erie Indemnity Company (ERIE) Receives Average Recommendation of "Strong Buy" from Brokerages
www.americanbankingnews.com - April 4 at 10:28 PM |
Erie Indemnity Company (ERIE) Chart for Monday, July, 24, 2017
