Erie Indemnity Stock Forecast, Price & News

Erie Indemnity's stock was trading at $145.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ERIE shares have increased by 50.7% and is now trading at $219.47.
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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 or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Erie Indemnity a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Erie Indemnity wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Erie Indemnity.

Erie Indemnity (NASDAQ:ERIE) released its quarterly earnings data on Thursday, October, 29th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.65 by $0.06. The financial services provider had revenue of $653.48 million for the quarter, compared to analysts' expectations of $630.35 million. Erie Indemnity had a net margin of 11.49% and a return on equity of 24.73%.
View Erie Indemnity's earnings history.

Erie Indemnity announced a quarterly dividend on Monday, August 3rd. Investors of record on Monday, October 5th will be paid a dividend of $0.965 per share on Tuesday, October 20th. This represents a $3.86 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, October 2nd.
View Erie Indemnity's dividend history.

Erie Indemnity saw a increase in short interest in October. As of October 30th, there was short interest totaling 890,300 shares, an increase of 13.1% from the October 15th total of 787,300 shares. Based on an average daily volume of 70,000 shares, the days-to-cover ratio is presently 12.7 days. Approximately 3.5% of the shares of the company are sold short.
View Erie Indemnity's Short Interest.

Some companies that are related to Erie Indemnity include (BRK.B) (BRK.B), The Progressive (PGR), The Travelers Companies (TRV), The Allstate (ALL), Markel (MKL), Arch Capital Group (ACGL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Fidelity National Financial (FNF), CNA Financial (CNA), Old Republic International (ORI), First American Financial (FAF), RLI (RLI), AXIS Capital (AXS) and The Hanover Insurance Group (THG).
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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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.74%), State Street Corp (1.49%), California Public Employees Retirement System (0.45%), New York State Common Retirement Fund (0.41%), Swiss National Bank (0.25%) and Charles Schwab Investment Management Inc. (0.24%). 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 and Salvatore Correnti.
View institutional ownership trends for Erie Indemnity.

ERIE stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Wells Fargo & Company MN, State Street Corp, NN Investment Partners Holdings N.V., California Public Employees Retirement System, Great West Life Assurance Co. Can, Great West Life Assurance Co. Can, and Alberta Investment Management Corp.
View insider buying and selling activity for Erie Indemnity.

ERIE stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Charles Schwab Investment Management Inc., JPMorgan Chase & Co., New York State Common Retirement Fund, Paloma Partners Management Co, ExodusPoint Capital Management LP, Andra AP fonden, and Jane Street Group 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, and Salvatore Correnti.
View insider buying and selling activity for 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.

One share of ERIE stock can currently be purchased for approximately $219.47.

Erie Indemnity has a market capitalization of $10.14 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.

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

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]