About Erie Indemnity (NASDAQ:ERIE)
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. Its sales related services include agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing, as well as provides administrative support, information technology, and customer services. The company operates three field offices. Erie Indemnity Company was founded in 1925 and is based in Erie, Pennsylvania.
Industry, Sector and Symbol
Industry Insurance agents, brokers, & service
Sub-IndustryProperty & Casualty Insurance
Trailing P/E Ratio28.29
Forward P/E Ratio22.76
Sales & Book Value
Annual Sales$1.69 billion
Price / Sales3.05
Cash Flow$4.9601 per share
Price / Cash22.53
Book Value$18.19 per share
Price / Book6.14
EPS (Most Recent Fiscal Year)$3.95
Net Income$196.99 million
Return on Equity26.27%
Return on Assets13.98%
Erie Indemnity (NASDAQ:ERIE) Frequently Asked Questions
What is Erie Indemnity's stock symbol?
Erie Indemnity trades on the NASDAQ under the ticker symbol "ERIE."
How often does Erie Indemnity pay dividends? What is the dividend yield for Erie Indemnity?
Erie Indemnity declared a quarterly dividend on Monday, April 30th. Stockholders of record on Friday, July 6th will be given a dividend of $0.84 per share on Friday, July 20th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, July 5th. View Erie Indemnity's Dividend History.
How were Erie Indemnity's earnings last quarter?
Erie Indemnity (NASDAQ:ERIE) issued its earnings results on Thursday, February, 22nd. The financial services provider reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The financial services provider had revenue of $401.40 million for the quarter. Erie Indemnity had a net margin of 11.52% and a return on equity of 26.27%. View Erie Indemnity's Earnings History.
When is Erie Indemnity's next earnings date?
Who are some of Erie Indemnity's key competitors?
Some companies that are related to Erie Indemnity include Willis Towers Watson (WLTW), Arthur J. Gallagher & Co. (AJG), AXA Equitable (EQH), Brown & Brown (BRO), Ashmore Group (AJMPF), Fanhua (FANH), The Automobile Association (AATDF), CorVel (CRVL), Health Insurance Innovations (HIIQ), Crawford & Company (CRD.B), Crawford & Company (CRD.A), eHealth (EHTH) and Marketing Alliance (MAAL).
Who are Erie Indemnity's key executives?
Erie Indemnity's management team includes the folowing people:
- Mr. Timothy Gerard NeCastro, Pres & CEO (Age 58)
- Mr. Gregory John Gutting CPA, C.P.C.U., Exec. VP & CFO (Age 55)
- Mr. Bradley G. Postema, Sr. VP & Chief Investment Officer
- Mr. Robert Coleman Ingram III, Exec. VP & Chief Information Officer (Age 59)
- Mr. Sean Joseph McLaughlin, Exec. VP & Gen. Counsel (Age 62)
Has Erie Indemnity been receiving favorable news coverage?
Headlines about ERIE stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Erie Indemnity earned a media sentiment score of 0.07 on Accern's scale. They also gave press coverage about the financial services provider an impact score of 47.59 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Erie Indemnity's major shareholders?
Erie Indemnity's stock is owned by many different of institutional and retail investors. Top institutional investors include PNC Financial Services Group Inc. (10.59%), Franklin Resources Inc. (3.99%), BlackRock Inc. (2.05%), Schwab Charles Investment Management Inc. (0.43%), Northern Trust Corp (0.30%) and Victory Capital Management Inc. (0.22%). Company insiders that own Erie Indemnity stock include Brian Arden Sr Hudson, John F Kearns, Luann Datesh, Richard L Stover, Robert C Wilburn and Timothy G Necastro. View Institutional Ownership Trends for Erie Indemnity.
Which institutional investors are selling Erie Indemnity stock?
ERIE stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., PNC Financial Services Group Inc., California Public Employees Retirement System, Commerce Bank, Teacher Retirement System of Texas, UBS Group AG, Millennium Management LLC and BlackRock Inc.. View Insider Buying and Selling for Erie Indemnity.
Which institutional investors are buying Erie Indemnity stock?
ERIE stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Schwab Charles Investment Management Inc., GWM Advisors LLC, Sei Investments Co., Citadel Advisors LLC, Russell Investments Group Ltd., Northern Trust Corp and Aperio Group LLC. Company insiders that have bought Erie Indemnity stock in the last two years include Brian Arden Sr Hudson, Luann Datesh and Timothy G Necastro. View Insider Buying and Selling for Erie Indemnity.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Erie Indemnity's stock price today?
One share of ERIE stock can currently be purchased for approximately $111.75.
How big of a company is Erie Indemnity?
Erie Indemnity has a market capitalization of $5.16 billion and generates $1.69 billion in revenue each year. The financial services provider earns $196.99 million in net income (profit) each year or $3.95 on an earnings per share basis. Erie Indemnity employs 5,300 workers across the globe.
How can I contact Erie Indemnity?
Erie Indemnity's mailing address is 100 ERIE INSURANCE PL, ERIE PA, 16530. The financial services provider can be reached via phone at 814-870-2000 or via email at [email protected]
MarketBeat Community Rating for Erie Indemnity (ERIE)MarketBeat's community ratings are surveys of what our community members think about Erie Indemnity and other stocks. Vote "Outperform" if you believe ERIE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ERIE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Erie Indemnity (NASDAQ:ERIE) Dividend Information
Erie Indemnity pays an annual dividend of $3.36 per share, with a dividend yield of 3.01%. ERIE's next quarterly dividend payment will be made on Friday, July 20. The company has grown its dividend for the last 22 consecutive years and is increasing its dividend by an average of 7.20% each year. Erie Indemnity pays out 85.06% of its earnings out as a dividend.
|Dividend Growth:||7.20% (3 Year Average)|
|Payout Ratio(s):||85.06% (Trailing 12 Months of Earnings) |
68.43% (Based on This Year's Estimates)
64.99% (Based on Next Year's Estimates)
67.74% (Based on Cash Flow)
|Track Record:||22 Years of Consecutive Dividend Growth|
Erie Indemnity (NASDAQ:ERIE) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Erie Indemnity (NASDAQ:ERIE) SEC Filings
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