Erie Indemnity Stock Forecast, Price & News

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. The consensus among Wall Street analysts is that investors should "buy" Erie Indemnity stock.
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Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
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Erie Indemnity (NASDAQ:ERIE) issued its earnings results on Thursday, July, 29th. The financial services provider reported $1.51 earnings per share for the quarter, meeting analysts' consensus estimates of $1.51. Erie Indemnity had a net margin of 12.06% and a trailing twelve-month return on equity of 25.43%. During the same quarter in the prior year, the business posted $1.57 earnings per share.
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Erie Indemnity announced a quarterly dividend on Monday, April 26th. Stockholders of record on Tuesday, July 6th will be paid a dividend of $1.035 per share on Tuesday, July 20th. This represents a $4.14 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, July 2nd.
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Erie Indemnity pays an annual dividend of $4.14 per share and currently has a dividend yield of 2.25%. Erie Indemnity does not yet have a strong track record of dividend growth. The dividend payout ratio of Erie Indemnity is 73.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Erie Indemnity will have a dividend payout ratio of 65.40% next year. This indicates that Erie Indemnity will be able to sustain or increase its dividend.
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88 employees have rated Erie Indemnity CEO Timothy G. NeCastro on Glassdoor.com. Timothy G. NeCastro has an approval rating of 96% among Erie Indemnity's employees. This puts Timothy G. NeCastro in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Erie Indemnity include The Progressive (PGR), The Allstate (ALL), The Travelers Companies (TRV), Cincinnati Financial (CINF), Markel (MKL), Arch Capital Group (ACGL), W. R. Berkley (WRB), Fidelity National Financial (FNF), CNA Financial (CNA), Old Republic International (ORI), First American Financial (FAF), RLI (RLI), Selective Insurance Group (SIGI), The 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), The Boeing (BA), Cisco Systems (CSCO), Honeywell International (HON), Union Pacific (UNP), AbbVie (ABBV) and Skyworks Solutions (SWKS).

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

Erie Indemnity's stock is owned by many different retail and institutional investors. Top institutional investors include IFM Investors Pty Ltd (0.01%) and Oregon Public Employees Retirement Fund (0.01%). Company insiders that own Erie Indemnity stock include Eugene C Connell and J Ralph Borneman Jr.
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ERIE stock was sold by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund.
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ERIE stock was acquired by a variety of institutional investors in the last quarter, including IFM Investors Pty Ltd.
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One share of ERIE stock can currently be purchased for approximately $184.89.

Erie Indemnity has a market capitalization of $8.54 billion and generates $2.54 billion in revenue each year. The financial services provider earns $293.30 million in net income (profit) each year or $5.61 on an earnings per share basis.

Erie Indemnity employs 5,914 workers across the globe.

Erie Indemnity was founded in 1925.

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

Erie Indemnity is headquartered at 100 ERIE INSURANCE PLACE, ERIE PA, 16530.

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]