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NASDAQ:ERIE

Erie Indemnity Stock Forecast, Price & News

$219.47
-1.65 (-0.75 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$218.80
Now: $219.47
$225.90
50-Day Range
$221.12
MA: $233.71
$247.34
52-Week Range
$130.20
Now: $219.47
$247.98
Volume56,093 shs
Average Volume92,978 shs
Market Capitalization$10.14 billion
P/E Ratio39.54
Dividend Yield1.75%
Beta0.5
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, policy issuance, and renewal 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; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was founded in 1925 and is based in Erie, Pennsylvania.
Erie Indemnity logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 out of 5 stars


Industry, Sector and Symbol

Industry Insurance agents, brokers, & service
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Current SymbolNASDAQ:ERIE
CUSIP29530P10
Phone814-870-2000
Employees5,700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.48 billion
Cash Flow$7.21 per share
Book Value$27.00 per share

Profitability

Net Income$316.82 million

Miscellaneous

Market Cap$10.14 billion
Next Earnings Date2/25/2021 (Estimated)
OptionableOptionable
$219.47
-1.65 (-0.75 %)
(As of 12/3/2020 12:00 AM 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 been impacted by COVID-19?

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.
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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Erie Indemnity?

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.
View MarketBeat's top stock picks here.

When is Erie Indemnity's next earnings date?

Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Erie Indemnity
.

How were Erie Indemnity's earnings last quarter?

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
.

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 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
.

Are investors shorting Erie Indemnity?

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
.

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), The Boeing (BA), Cisco Systems (CSCO), Honeywell International (HON), Union Pacific (UNP), AbbVie (ABBV) and Skyworks Solutions (SWKS).

Who are Erie Indemnity's key executives?

Erie Indemnity's management team includes the following people:
  • Mr. Timothy Gerard NeCastro C.I.C., CPA, Pres & CEO (Age 60, Pay $1.29M)
  • Mr. Gregory John Gutting CPA, C.P.C.U., Exec. VP & CFO (Age 57, Pay $659.65k)
  • Mr. Robert Coleman Ingram III, Exec. VP & Chief Information Officer (Age 61, Pay $687.24k)
  • Ms. Lorianne Feltz-Upperman C.P.C.U., Exec. VP of Claims & Customer Service (Age 50, Pay $520.02k)
  • Mr. Bill Matrogran, VP of Construction Management & Operations
  • Mr. Ronald Habursky, Sr. VP & Chief Investment Officer
  • Mr. Scott W. Beilharz, VP of Capital Management & Investor Relations
  • Mr. Brian William Bolash Esq., Sr. VP, Sec. & Sr. Counsel
  • Mr. Douglas Edward Smith C.P.C.U., FCAS, MAAA, Exec. VP of Sales & Products (Age 46)
  • Mr. Charles Michael Fletcher, Sr. VP of Sales & Marketing

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 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
.

Which major investors are selling Erie Indemnity stock?

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
.

Which major investors are buying Erie Indemnity stock?

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
.

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 $219.47.

How big of a company is Erie Indemnity?

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.

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 12/4/2020 by MarketBeat.com Staff

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