NASDAQ:ERIEErie Indemnity Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Erie Indemnity Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $180.24 +5.71 (+3.27 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$172.16Now: $180.24▼$180.4550-Day Range$159.54MA: $172.11▼$184.6652-Week Range$130.20Now: $180.24▼$270.23Volume304,335 shsAverage Volume88,193 shsMarket Capitalization$8.33 billionP/E Ratio31.35Dividend Yield2.14%Beta0.56 ProfileAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 0.0 Analyst's Opinion Consensus RatingThere is not enough analysis data for Erie Indemnity. Previous Next 2.4 Community Rank Outperform VotesErie Indemnity has received 230 “outperform” votes. (Add your “outperform” vote.)Underperform VotesErie Indemnity has received 242 “underperform” votes. (Add your “underperform” vote.)Community SentimentErie Indemnity has received 51.27% “underperform” votes from our community.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. Previous Next 5.0 Dividend Strength Dividend LeadershipErie Indemnity is a leading dividend payer. It pays a dividend yield of 2.14%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthErie Indemnity has been increasing its dividend for 24 years.Dividend CoverageThe dividend payout ratio of Erie Indemnity is 63.70 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Erie Indemnity will have a dividend payout ratio of 64.01 % next year. This indicates that Erie Indemnity will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Erie Indemnity insiders have bought more of their company's stock than they have sold. Specifically, they have bought $38,450.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders45.77% of the stock of Erie Indemnity is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 35.00% of the stock of Erie Indemnity is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Erie Indemnity are expected to grow by 7.68% in the coming year, from $5.60 to $6.03 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Erie Indemnity is 31.35, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Erie Indemnity is 31.35, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.22.Price to Book Value per Share RatioErie Indemnity has a P/B Ratio of 7.45. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 5.0Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.41 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Insurance agents, brokers, & service Sub-IndustryProperty & Casualty Insurance SectorFinance Current SymbolNASDAQ:ERIE Previous Symbol CUSIP29530P10 CIK922621 Webwww.erieinsurance.com Phone814-870-2000Debt Debt-to-Equity Ratio0.09 Current Ratio1.78 Quick Ratio1.78Price-To-Earnings Trailing P/E Ratio31.35 Forward P/E Ratio32.19 P/E GrowthN/A Sales & Book Value Annual Sales$2.48 billion Price / Sales3.36 Cash Flow$7.55 per share Price / Cash Flow23.87 Book Value$24.18 per share Price / Book7.45Profitability EPS (Most Recent Fiscal Year)$6.06 Net Income$316.82 million Net Margins12.03% Return on Equity27.15% Return on Assets15.35%Miscellaneous Employees5,700 Outstanding Shares46,190,000Market Cap$8.33 billion Next Earnings Date7/23/2020 (Estimated) OptionableOptionable NASDAQ:ERIE Rates by TradingView Receive ERIE News and Ratings via Email Sign-up to receive the latest news and ratings for ERIE and its competitors with MarketBeat's FREE daily newsletter. Erie Indemnity (NASDAQ:ERIE) Frequently Asked Questions How has Erie Indemnity's stock been impacted by COVID-19 (Coronavirus)? Erie Indemnity's stock was trading at $145.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ERIE stock has increased by 23.7% and is now trading at $180.24. View which stocks have been most impacted by Coronavirus. When is Erie Indemnity's next earnings date? Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Erie Indemnity. How were Erie Indemnity's earnings last quarter? Erie Indemnity (NASDAQ:ERIE) issued its quarterly earnings results on Thursday, May, 7th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by $0.40. The financial services provider earned $616.74 million during the quarter, compared to the consensus estimate of $618.20 million. Erie Indemnity had a net margin of 12.03% and a return on equity of 27.15%. During the same period in the prior year, the company posted $1.44 EPS. View Erie Indemnity's earnings history. How often does Erie Indemnity pay dividends? What is the dividend yield for Erie Indemnity? Erie Indemnity declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.965 per share on Tuesday, July 21st. This represents a $3.86 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, July 6th. View Erie Indemnity's dividend history. Has Erie Indemnity been receiving favorable news coverage? Headlines about ERIE stock have trended extremely negative on Sunday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. 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 daily sentiment score of -4.0 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutErie Indemnity. Who are some of Erie Indemnity's key competitors? Some companies that are related to Erie Indemnity include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cincinnati Financial (CINF), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG), RLI (RLI) and Axis Capital (AXS). View all 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), Mallinckrodt (MNK), Amgen (AMGN), Walmart (WMT), Boeing (BA), Cisco Systems (CSCO), Honeywell International (HON), Skyworks Solutions (SWKS), Union Pacific (UNP) and AbbVie (ABBV). 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 OfficerMr. 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 a number of retail and institutional investors. Top institutional investors include PNC Financial Services Group Inc. (10.40%), BlackRock Inc. (3.66%), Franklin Resources Inc. (2.54%), State Street Corp (1.53%), Wellington Management Group LLP (1.20%) and APG Asset Management N.V. (0.71%). 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 major investors are selling Erie Indemnity stock? ERIE stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., First Trust Advisors LP, Janus Henderson Group PLC, State Street Corp, Franklin Resources Inc., Wells Fargo & Company MN, APG Asset Management N.V., and APG Asset Management N.V.. View insider buying and selling activity for Erie Indemnity. Which major investors are buying Erie Indemnity stock? ERIE stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, California Public Employees Retirement System, BlackRock Inc., Invesco Ltd., Swiss National Bank, Rhumbline Advisers, Advisor Group Holdings Inc., and AQR Capital 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 $180.24. How big of a company is Erie Indemnity? Erie Indemnity has a market capitalization of $8.33 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 5/31/2020 by MarketBeat.com Staff
