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NASDAQ:ERIEErie Indemnity Stock Price, Forecast & News

-1.44 (-0.66 %)
(As of 08/13/2020 04:00 PM ET)
Today's Range
Now: $216.10
50-Day Range
MA: $199.01
52-Week Range
Now: $216.10
Volume26,400 shs
Average Volume100,064 shs
Market Capitalization$9.98 billion
P/E Ratio38.32
Dividend Yield1.79%
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. Erie Indemnity Company was founded in 1925 and is based in Erie, Pennsylvania.
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Erie Indemnity logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.31 out of 5 stars

Industry, Sector and Symbol

Industry Insurance agents, brokers, & service
Sub-IndustryProperty & Casualty Insurance
Current SymbolNASDAQ:ERIE



Sales & Book Value

Annual Sales$2.48 billion
Cash Flow$7.51 per share
Book Value$24.53 per share


Net Income$316.82 million


Market Cap$9.98 billion
Next Earnings Date10/22/2020 (Estimated)
-1.44 (-0.66 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Erie Indemnity (NASDAQ:ERIE) Frequently Asked Questions

How has Erie Indemnity's stock price been impacted by Coronavirus (COVID-19)?

Erie Indemnity's stock was trading at $145.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ERIE stock has increased by 48.4% and is now trading at $216.10.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Erie Indemnity?

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."
View analyst ratings for Erie Indemnity

When is Erie Indemnity's next earnings date?

Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Erie Indemnity

How were Erie Indemnity's earnings last quarter?

Erie Indemnity (NASDAQ:ERIE) released its quarterly earnings results on Thursday, July, 30th. The financial services provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.09. The financial services provider had revenue of $657.02 million for the quarter, compared to the consensus estimate of $623.10 million. Erie Indemnity had a net margin of 11.76% and a return on equity of 25.86%. During the same quarter in the previous year, the firm posted $1.68 EPS.
View Erie Indemnity's earnings history

How often does Erie Indemnity pay dividends? What is the dividend yield for Erie Indemnity?

Erie Indemnity announced 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 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, October 2nd.
View Erie Indemnity's dividend history

Has Erie Indemnity been receiving favorable news coverage?

Press coverage about ERIE stock has been trending positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Erie Indemnity earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about Erie Indemnity

Are investors shorting Erie Indemnity?

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

Who are some of Erie Indemnity's key competitors?

What other stocks do shareholders of Erie Indemnity own?

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).

Who are Erie Indemnity's key executives?

Erie Indemnity's management team includes the following people:
  • Mr. Timothy Gerard NeCastro, Pres & CEO (Age 59)
  • Mr. Gregory John Gutting CPA, C.P.C.U., Exec. VP & CFO (Age 56)
  • Mr. Bradley G. Postema, Sr. VP & Chief Investment Officer
  • Mr. Robert Coleman Ingram III, Exec. VP & Chief Information Officer (Age 60)
  • Mr. Bill Matrogran, VP of Construction Management & Operations

What is Erie Indemnity's stock symbol?

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

Who are Erie Indemnity's major shareholders?

Erie Indemnity's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (0.49%), California Public Employees Retirement System (0.46%), New York State Common Retirement Fund (0.39%), Swiss National Bank (0.25%), Sumitomo Mitsui Trust Holdings Inc. (0.24%) and Goldman Sachs Group Inc. (0.12%). 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

Which institutional investors are selling Erie Indemnity stock?

ERIE stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, BI Asset Management Fondsmaeglerselskab A S, Hartford Investment Management Co., Goldman Sachs Group Inc., New York State Common Retirement Fund, Russell Investments Group Ltd., Amalgamated Bank, and Andra AP fonden.
View insider buying and selling activity for Erie Indemnity

Which institutional investors are buying Erie Indemnity stock?

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, NN Investment Partners Holdings N.V., Robeco Institutional Asset Management B.V., Nissay Asset Management Corp Japan ADV, and Rafferty Asset Management LLC. 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

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, Robinhood, Fidelity, and Charles Schwab.

What is Erie Indemnity's stock price today?

One share of ERIE stock can currently be purchased for approximately $216.10.

How big of a company is Erie Indemnity?

Erie Indemnity has a market capitalization of $9.98 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.

What is Erie Indemnity's official website?

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

How can I contact Erie Indemnity?

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]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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