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
  • Sub-Industry: Property & Casualty Insurance
  • Symbol: NASDAQ:ERIE
  • CUSIP: 29530P10
  • Web: www.erieinsurance.com
Capitalization:
  • Market Cap: $5.59765 billion
  • Outstanding Shares: 52,289,000
Average Prices:
  • 50 Day Moving Avg: $119.39
  • 200 Day Moving Avg: $121.27
  • 52 Week Range: $98.36 - $129.73
P/E:
  • Trailing P/E Ratio: 30.77
  • Foreward P/E Ratio: 30.17
  • P/E Growth: 3.05
Sales & Book Value:
  • Annual Revenue: $1.65 billion
  • Price / Sales: 3.90
  • Book Value: $16.32 per share
  • Price / Book: 7.54
Dividend:
  • Annual Dividend: $3.13
  • Dividend Yield: 2.6%
Profitability:
  • EBITDA: $303.02 million
  • Net Margins: 12.73%
  • Return on Equity: 25.11%
  • Return on Assets: 13.76%
Debt:
  • Debt-to-Equity Ratio: 0.06%
  • Current Ratio: 1.84%
  • Quick Ratio: 1.84%
Misc:
  • Average Volume: 28,003 shs.
  • Beta: 0.47
  • Short Ratio: 8.02
 

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, July 28th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.783 per share on Friday, October 20th. This represents a $3.13 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Wednesday, October 4th. This is an increase from Erie Indemnity Company's previous quarterly dividend of $0.78. View Erie Indemnity Company's Dividend History.

How were Erie Indemnity Company's earnings last quarter?

Erie Indemnity Company (NASDAQ:ERIE) posted its quarterly earnings results on Thursday, July, 27th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by $0.09. The firm earned $448.56 million during the quarter, compared to analyst estimates of $447.41 million. Erie Indemnity Company had a return on equity of 25.11% and a net margin of 12.73%. View Erie Indemnity Company's Earnings History.

When will Erie Indemnity Company make its next earnings announcement?

Erie Indemnity Company is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Erie Indemnity Company.

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

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 $123.09.


MarketBeat Community Rating for Erie Indemnity Company (NASDAQ ERIE)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  59 (Vote Outperform)
Underperform Votes:  64 (Vote Underperform)
Total Votes:  123
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
Consensus Price Target History for Erie Indemnity Company (NASDAQ:ERIE)
Price Target History for Erie Indemnity Company (NASDAQ:ERIE)
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 10/19/2015 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
10/26/2017$1.11N/AView Earnings Details
7/27/2017Q2 2017$1.21$1.12$447.41 million$448.56 millionViewN/AView Earnings Details
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: $4.04
2018 EPS Consensus Estimate: $4.08
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.96$0.96$0.96
Q2 20171$1.21$1.21$1.21
Q3 20171$1.11$1.11$1.11
Q4 20171$0.76$0.76$0.76
Q1 20181$0.96$0.96$0.96
Q2 20181$1.18$1.18$1.18
Q3 20181$1.15$1.15$1.15
Q4 20181$0.79$0.79$0.79
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)
Next Dividend:10/20/2017
Annual Dividend:$3.13
Dividend Yield:2.54%
Dividend Growth:18.00% (3 Year Average)
Payout Ratio:78.45% (Trailing 12 Months of Earnings)
80.26% (Based on This Year's Estimates)
76.72% (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
7/28/2017Quarterly$0.782.46%10/4/201710/5/201710/20/2017
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: 30.97%
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) Set to Announce Earnings on Thursday
www.americanbankingnews.com - October 19 at 3:18 AM
finance.yahoo.com logoErie Indemnity Co. : ERIE-US: Dividend Analysis : October 05th, 2017 (record date) : By the numbers : October 18, 2017
finance.yahoo.com - October 18 at 7:44 PM
americanbankingnews.com logoZacks: Erie Indemnity Company (ERIE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - October 17 at 6:30 AM
finance.yahoo.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : October 16, 2017
finance.yahoo.com - October 16 at 6:49 PM
americanbankingnews.com logoFinancial Contrast: Erie Indemnity (ERIE) versus The Competition
www.americanbankingnews.com - October 14 at 10:22 PM
finance.yahoo.com logoErie Indemnity to host third quarter 2017 conference call and webcast
finance.yahoo.com - October 11 at 7:54 PM
americanbankingnews.com logoContrasting Erie Indemnity (ERIE) & Its Rivals
www.americanbankingnews.com - October 6 at 8:32 AM
finance.yahoo.com logoErie Indemnity Co. – Value Analysis (NASDAQ:ERIE) : October 4, 2017
finance.yahoo.com - October 4 at 5:12 PM
finance.yahoo.com logoErie Indemnity Co. breached its 50 day moving average in a Bullish Manner : ERIE-US : October 3, 2017
finance.yahoo.com - October 3 at 6:58 PM
americanbankingnews.com logoErie Indemnity (ERIE) versus The Competition Financial Survey
www.americanbankingnews.com - October 1 at 12:18 PM
americanbankingnews.com logoComparing First Financial Corporation Indiana (THFF) and Erie Indemnity (ERIE)
www.americanbankingnews.com - September 29 at 6:24 PM
americanbankingnews.com logoErie Indemnity Company (ERIE) Raises Dividend to $0.78 Per Share
www.americanbankingnews.com - September 29 at 8:06 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Sep 15 Filed by: CONNELL EUGENE C
www.streetinsider.com - September 25 at 4:36 PM
americanbankingnews.com logoContrasting Erie Indemnity (ERIE) & James River Group Holdings (JRVR)
www.americanbankingnews.com - September 24 at 4:08 AM
americanbankingnews.com logoHead to Head Contrast: Erie Indemnity (ERIE) versus Its Competitors
www.americanbankingnews.com - September 23 at 12:16 PM
americanbankingnews.com logoReviewing Erie Indemnity (ERIE) and The Competition
www.americanbankingnews.com - September 19 at 6:10 PM
finance.yahoo.com logoSeven Tips for First-Time Life Insurance Buyers
finance.yahoo.com - September 7 at 6:29 PM
nasdaq.com logoErie Indemnity is Oversold
www.nasdaq.com - September 5 at 8:02 PM
finance.yahoo.com logoErie Indemnity Co. : ERIE-US: Dividend Analysis : July 06th, 2017 (record date) : By the numbers : August 18, 2017
finance.yahoo.com - August 18 at 6:18 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Erie Indemnity Co.
finance.yahoo.com - August 16 at 5:09 AM
finance.yahoo.com logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : August 11, 2017
finance.yahoo.com - August 11 at 6:48 PM
finance.yahoo.com logoErie Insurance Appoints Shine to Senior Leadership Role
finance.yahoo.com - August 10 at 7:40 PM
americanbankingnews.com logo Erie Indemnity Company (ERIE) Given Average Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - August 9 at 6:30 PM
americanbankingnews.com logoWilliam Blair Research Analysts Decrease Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE)
www.americanbankingnews.com - August 4 at 3:48 PM
americanbankingnews.com logoErie Indemnity Company Forecasted to Post Q3 2017 Earnings of $1.11 Per Share (NASDAQ:ERIE)
www.americanbankingnews.com - August 3 at 8:28 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Aug 01
www.streetinsider.com - August 2 at 7:17 PM
nasdaq.com logoErie Indemnity Named Top Dividend Stock With Insider Buying and 2.46% Yield (ERIE)
www.nasdaq.com - August 1 at 6:58 PM
finance.yahoo.com logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017
finance.yahoo.com - July 31 at 6:08 PM
americanbankingnews.com logoComparing Montpelier Re Holdings (MRH) and Erie Indemnity (ERIE)
www.americanbankingnews.com - July 31 at 10:31 AM
seekingalpha.com logoErie Indemnity's (ERIE) CEO Tim NeCastro on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 29 at 1:32 AM
finance.yahoo.com logoEdited Transcript of ERIE earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 1:32 AM
americanbankingnews.com logoErie Indemnity Company (NASDAQ:ERIE) Issues Earnings Results, Misses Estimates By $0.09 EPS
www.americanbankingnews.com - July 28 at 7:45 PM
finance.yahoo.com logoErie Indemnity posts 2Q profit
finance.yahoo.com - July 27 at 11:53 PM
nasdaq.com logoErie Indemnity Co Q2 Profit Falls 5%
www.nasdaq.com - July 27 at 6:53 PM
finance.yahoo.com logoErie Indemnity Reports Second Quarter 2017 Results
finance.yahoo.com - July 27 at 6:53 PM
americanbankingnews.com logoCritical Review: Erie Indemnity (NASDAQ:ERIE) and Alleghany Corporation (Y)
www.americanbankingnews.com - July 22 at 7:36 AM
finance.yahoo.com logoErie 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
reuters.com logoBRIEF-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
finance.yahoo.com logoErie Indemnity to host second quarter 2017 conference call and webcast
finance.yahoo.com - July 12 at 7:01 PM
americanbankingnews.com logo Erie Indemnity Company (NASDAQ:ERIE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - July 4 at 11:06 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jul 03 Filed by: Feltz Lorianne
www.streetinsider.com - July 3 at 11:13 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Smith Douglas Edward
www.streetinsider.com - July 2 at 4:01 AM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Gutting Gregory J
www.streetinsider.com - June 30 at 11:41 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
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
marketbeat.com logoErie Indemnity posts 1Q profit
marketbeat.com - May 1 at 5:20 PM
streetinsider.com logoForm 4 ERIE INDEMNITY CO For: Apr 25 Filed by: HARTZ CHARLES SCOTT
www.streetinsider.com - April 26 at 10:40 PM
seekingalpha.com logo33 Safer Dividend Champion Dogs Also Put McGrath RentCorp As April Top Gainer
seekingalpha.com - April 10 at 11:42 AM

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Chart

Erie Indemnity Company (ERIE) Chart for Thursday, October, 19, 2017

This page was last updated on 10/19/2017 by MarketBeat.com Staff

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