About Erie Indemnity Company (NASDAQ:ERIE)
Erie 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: $5.60828 billion
- Outstanding Shares: 52,289,000
Average Prices:- 50 Day Moving Avg: $119.26
- 200 Day Moving Avg: $121.26
- 52 Week Range: $98.36 - $129.73
P/E:- Trailing P/E Ratio: 30.30
- Foreward P/E Ratio: 29.70
- P/E Growth: 3.05
Sales & Book Value:- Annual Revenue: $1.65 billion
- Price / Sales: 3.84
- Book Value: $16.32 per share
- Price / Book: 7.43
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 announced a quarterly dividend on Friday, July 28th. Investors 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 2.58%. The ex-dividend date is Wednesday, October 4th. This is a boost 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) announced its 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 company had revenue of $448.56 million for 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?
Who are some of Erie Indemnity Company's key competitors?
Some companies that are related to Erie Indemnity Company include XL Group (XL), American Financial Group (AFG), Alleghany Corporation (Y), W.R. Berkley Corporation (WRB), RSA Insurance Group plc (RSA), Industrial Alliance Insur. & Fin. Ser. (IAG), First American Corporation (The) (FAF), Old Republic International Corporation (ORI), Direct Line Insurance Group PLC (DLG), Assured Guaranty (AGO), Radian Group (RDN), Essent Group (ESNT), The Hanover Insurance Group (THG), Hiscox Ltd (HSX), White Mountains Insurance Group (WTM), Selective Insurance Group (SIGI), ProAssurance Corporation (PRA) and RLI Corp. (RLI).
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 $121.19.
MarketBeat Community Rating for Erie Indemnity Company (NASDAQ ERIE)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.
Consensus Ratings for Erie Indemnity Company (NASDAQ:ERIE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| 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)
Analysts' Ratings History for Erie Indemnity Company (NASDAQ:ERIE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/19/2016 | Macquarie | Boost Price Target | | $84.00 -> $96.00 | N/A |  |
| 11/2/2015 | William Blair | Reiterated Rating | Outperform | | N/A | |
(Data available from 10/18/2015 forward)
Earnings History for Erie Indemnity Company (NASDAQ:ERIE)Earnings History by Quarter for Erie Indemnity Company (NASDAQ ERIE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $1.11 | | | | | N/A | |
| 7/27/2017 | Q2 2017 | $1.21 | $1.12 | $447.41 million | $448.56 million | View | N/A | |
| 5/1/2017 | Q1 2017 | $0.95 | $0.91 | $394.47 million | $399.32 million | View | Listen | |
| 2/23/2017 | Q416 | $0.81 | $0.87 | $376.71 million | $379.61 million | View | N/A | |
| 10/27/2016 | Q316 | $1.04 | $1.09 | $419.94 million | $418.40 million | View | N/A | |
| 7/28/2016 | Q216 | $1.05 | $1.17 | $430.66 million | $70.00 million | View | N/A | |
| 4/28/2016 | Q116 | $0.87 | $0.89 | $376.02 million | $374.73 million | View | N/A | |
| 2/25/2016 | Q415 | $0.69 | $0.57 | $364.34 million | $356.40 million | View | Listen | |
| 10/29/2015 | Q315 | $1.06 | $0.94 | $393.66 million | $1.35 billion | View | Listen | |
| 7/30/2015 | Q215 | $0.98 | $1.07 | $400.43 million | $1.63 billion | View | Listen | |
| 4/30/2015 | Q115 | $0.90 | $0.74 | $348.26 million | $1.61 billion | View | N/A | |
| 2/26/2015 | Q4 14 | $0.70 | $0.48 | $331.70 million | $1.59 million | View | N/A | |
| 10/30/2014 | Q3 2014 | $0.94 | $0.90 | $366.35 million | $370.00 million | View | N/A | |
| 7/31/2014 | Q2 2014 | $0.94 | $0.94 | $373.15 million | $1.60 billion | View | N/A | |
| 5/1/2014 | Q413 | $0.78 | $0.88 | $326.75 million | $326.00 million | View | N/A | |
| 2/27/2014 | | $0.54 | $0.67 | | | View | N/A | |
| 10/31/2013 | Q313 | $0.96 | $0.87 | $340.12 million | | View | N/A | |
| 11/1/2012 | Q312 | $0.80 | $0.93 | $310.76 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE)2017 EPS Consensus Estimate: $4.04
2018 EPS Consensus Estimate: $4.08
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.96 | $0.96 | $0.96 |
| Q2 2017 | 1 | $1.21 | $1.21 | $1.21 |
| Q3 2017 | 1 | $1.11 | $1.11 | $1.11 |
| Q4 2017 | 1 | $0.76 | $0.76 | $0.76 |
| Q1 2018 | 1 | $0.96 | $0.96 | $0.96 |
| Q2 2018 | 1 | $1.18 | $1.18 | $1.18 |
| Q3 2018 | 1 | $1.15 | $1.15 | $1.15 |
| Q4 2018 | 1 | $0.79 | $0.79 | $0.79 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)| Next Dividend: | 10/20/2017 |
| Annual Dividend: | $3.13 |
| Dividend Yield: | 2.58% |
| 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 History by Quarter for Erie Indemnity Company (NASDAQ ERIE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/28/2017 | Quarterly | $0.78 | 2.46% | 10/4/2017 | 10/5/2017 | 10/20/2017 |
| 4/28/2017 | quarterly | $0.78 | 2.53% | 7/3/2017 | 7/6/2017 | 7/20/2017 |
| 2/27/2017 | quarterly | $0.78 | 2.63% | 4/3/2017 | 4/5/2017 | 4/20/2017 |
| 12/8/2016 | quarterly | $0.78 | 2.73% | 1/3/2017 | 1/5/2017 | 1/20/2017 |
| 7/29/2016 | quarterly | $0.73 | 2.99% | 10/3/2016 | 10/5/2016 | 10/20/2016 |
| 4/21/2016 | Quarterly | $0.73 | | 7/1/2016 | 7/6/2016 | 7/20/2016 |
| 2/26/2016 | Quarterly | $0.73 | | 4/4/2016 | 4/6/2016 | 4/20/2016 |
| 12/2/2015 | quarterly | $0.73 | | 12/31/2015 | 1/5/2016 | 1/20/2016 |
| 4/24/2015 | quarterly | $0.68 | 3.18% | 7/2/2015 | 7/7/2015 | 7/21/2015 |
| 3/2/2015 | quarterly | $0.68 | 3.11% | 4/2/2015 | 4/7/2015 | 4/21/2015 |
| 12/3/2014 | quarterly | $0.68 | 3.04% | 1/2/2015 | 1/6/2015 | 1/21/2015 |
| 8/1/2014 | quarterly | $0.64 | 3.43% | 9/30/2014 | 10/2/2014 | 10/17/2014 |
| 4/21/2014 | quarterly | $0.64 | 3.62% | 7/1/2014 | 7/3/2014 | 7/18/2014 |
| 3/3/2014 | quarterly | $0.64 | 3.47% | 4/3/2014 | 4/7/2014 | 4/22/2014 |
| 12/5/2013 | quarterly | $0.64 | 3.62% | 1/3/2014 | 1/7/2014 | 1/22/2014 |
| 8/5/2013 | quarterly | $0.59 | 3.07% | 10/2/2013 | 10/4/2013 | 10/18/2013 |
| 4/22/2013 | quarterly | $0.59 | 3.06% | 7/2/2013 | 7/5/2013 | 7/19/2013 |
| 2/28/2013 | quarterly | $0.59 | 3.24% | 4/3/2013 | 4/5/2013 | 4/19/2013 |
(Data available from 1/1/2013 forward)
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 12/28/2017 | Richard L Stover | Director | Sell | 0 | $113.66 | $0.00 | |
| 5/15/2017 | Timothy G Necastro | CEO | Buy | 430 | $116.24 | $49,983.20 | |
| 3/10/2017 | Robert C Wilburn | Director | Sell | 2,700 | $120.16 | $324,432.00 | |
| 9/2/2016 | John F Kearns | EVP | Sell | 1,823 | $103.55 | $188,771.65 | |
| 8/29/2016 | John F Kearns | EVP | Sell | 300 | $101.86 | $30,558.00 | |
| 8/26/2016 | John F Kearns | EVP | Sell | 1,250 | $101.13 | $126,412.50 | |
| 8/25/2016 | John F Kearns | EVP | Sell | 1,500 | $100.01 | $150,015.00 | |
| 8/9/2016 | John F Kearns | EVP | Sell | 500 | $99.70 | $49,850.00 | |
| 8/5/2016 | John F Kearns | EVP | Sell | 400 | $98.15 | $39,260.00 | |
| 8/4/2016 | John F Kearns | EVP | Sell | 143 | $99.65 | $14,249.95 | |
| 8/2/2016 | John F Kearns | EVP | Sell | 2,500 | $99.15 | $247,875.00 | |
| 6/30/2016 | John F Kearns | EVP | Sell | 3,990 | $98.71 | $393,852.90 | |
| 6/9/2015 | Robert C Ingram III | VP | Buy | 2,500 | $79.90 | $199,750.00 | |
| 9/18/2013 | Gary D Veshecco | SVP | Sell | 1,200 | $74.10 | $88,920.00 | |
| 9/21/2012 | Elizabeth A Vorsheck | Director | Buy | 1,000 | $62.40 | $62,400.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Erie Indemnity Company (NASDAQ:ERIE)
Latest Headlines for Erie Indemnity Company (NASDAQ:ERIE)
| Source: |
|
| Date | Headline |
|---|
 | Zacks: Erie Indemnity Company (ERIE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - October 17 at 6:30 AM |
 | Erie 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 |
| Financial Contrast: Erie Indemnity (ERIE) versus The Competition
www.americanbankingnews.com - October 14 at 10:22 PM |
| Erie Indemnity to host third quarter 2017 conference call and webcast
finance.yahoo.com - October 11 at 7:54 PM |
| Contrasting Erie Indemnity (ERIE) & Its Rivals
www.americanbankingnews.com - October 6 at 8:32 AM |
| Erie Indemnity Co. – Value Analysis (NASDAQ:ERIE) : October 4, 2017
finance.yahoo.com - October 4 at 5:12 PM |
| Erie 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 |
| Erie Indemnity (ERIE) versus The Competition Financial Survey
www.americanbankingnews.com - October 1 at 12:18 PM |
| Comparing First Financial Corporation Indiana (THFF) and Erie Indemnity (ERIE)
www.americanbankingnews.com - September 29 at 6:24 PM |
| Erie Indemnity Company (ERIE) Raises Dividend to $0.78 Per Share
www.americanbankingnews.com - September 29 at 8:06 AM |
 | Form 4 ERIE INDEMNITY CO For: Sep 15 Filed by: CONNELL EUGENE C
www.streetinsider.com - September 25 at 4:36 PM |
| Contrasting Erie Indemnity (ERIE) & James River Group Holdings (JRVR)
www.americanbankingnews.com - September 24 at 4:08 AM |
| Head to Head Contrast: Erie Indemnity (ERIE) versus Its Competitors
www.americanbankingnews.com - September 23 at 12:16 PM |
| Reviewing Erie Indemnity (ERIE) and The Competition
www.americanbankingnews.com - September 19 at 6:10 PM |
| Seven Tips for First-Time Life Insurance Buyers
finance.yahoo.com - September 7 at 6:29 PM |
 | Erie Indemnity is Oversold
www.nasdaq.com - September 5 at 8:02 PM |
| Erie 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 |
| See what the IHS Markit Score report has to say about Erie Indemnity Co.
finance.yahoo.com - August 16 at 5:09 AM |
| Erie 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 |
| Erie Insurance Appoints Shine to Senior Leadership Role
finance.yahoo.com - August 10 at 7:40 PM |
| Erie Indemnity Company (ERIE) Given Average Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - August 9 at 6:30 PM |
| William Blair Research Analysts Decrease Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE)
www.americanbankingnews.com - August 4 at 3:48 PM |
| Erie Indemnity Company Forecasted to Post Q3 2017 Earnings of $1.11 Per Share (NASDAQ:ERIE)
www.americanbankingnews.com - August 3 at 8:28 AM |
| Form 4 ERIE INDEMNITY CO For: Aug 01
www.streetinsider.com - August 2 at 7:17 PM |
| Erie Indemnity Named Top Dividend Stock With Insider Buying and 2.46% Yield (ERIE)
www.nasdaq.com - August 1 at 6:58 PM |
| Erie Indemnity Co. :ERIE-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017
finance.yahoo.com - July 31 at 6:08 PM |
| Comparing Montpelier Re Holdings (MRH) and Erie Indemnity (ERIE)
www.americanbankingnews.com - July 31 at 10:31 AM |
 | Erie Indemnity's (ERIE) CEO Tim NeCastro on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 29 at 1:32 AM |
| Edited Transcript of ERIE earnings conference call or presentation 28-Jul-17 2:00pm GMT
finance.yahoo.com - July 29 at 1:32 AM |
| Erie Indemnity Company (NASDAQ:ERIE) Issues Earnings Results, Misses Estimates By $0.09 EPS
www.americanbankingnews.com - July 28 at 7:45 PM |
| Erie Indemnity posts 2Q profit
finance.yahoo.com - July 27 at 11:53 PM |
| Erie Indemnity Co Q2 Profit Falls 5%
www.nasdaq.com - July 27 at 6:53 PM |
| Erie Indemnity Reports Second Quarter 2017 Results
finance.yahoo.com - July 27 at 6:53 PM |
| Critical Review: Erie Indemnity (NASDAQ:ERIE) and Alleghany Corporation (Y)
www.americanbankingnews.com - July 22 at 7:36 AM |
| Erie 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 |
 | BRIEF-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 |
| Erie Indemnity to host second quarter 2017 conference call and webcast
finance.yahoo.com - July 12 at 7:01 PM |
| Erie Indemnity Company (NASDAQ:ERIE) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - July 4 at 11:06 AM |
| Form 4 ERIE INDEMNITY CO For: Jul 03 Filed by: Feltz Lorianne
www.streetinsider.com - July 3 at 11:13 PM |
| Form 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Smith Douglas Edward
www.streetinsider.com - July 2 at 4:01 AM |
| Form 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Gutting Gregory J
www.streetinsider.com - June 30 at 11:41 PM |
| Form 4 ERIE INDEMNITY CO For: May 15 Filed by: NECASTRO TIMOTHY G
www.streetinsider.com - May 18 at 10:24 AM |
| BRIEF-Erie Indemnity Q1 earnings per share $0.91
www.reuters.com - May 3 at 9:36 AM |
| Form 4 ERIE INDEMNITY CO For: May 01 Filed by: Gutting Gregory J
www.streetinsider.com - May 3 at 9:36 AM |
| Erie Indemnity's (ERIE) Timothy NeCastro on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 3 at 9:36 AM |
 | Erie Indemnity posts 1Q profit
marketbeat.com - May 1 at 5:20 PM |
| Form 4 ERIE INDEMNITY CO For: Apr 25 Filed by: HARTZ CHARLES SCOTT
www.streetinsider.com - April 26 at 10:40 PM |
| 33 Safer Dividend Champion Dogs Also Put McGrath RentCorp As April Top Gainer
seekingalpha.com - April 10 at 11:42 AM |
 | Panelists talk productivity, design in attracting and retaining workers
www.bizjournals.com - March 23 at 5:32 PM |
| Form 4 ERIE INDEMNITY CO For: Mar 10 Filed by: WILBURN ROBERT C
www.streetinsider.com - March 11 at 9:43 AM |
Erie Indemnity Company (ERIE) Chart for Wednesday, October, 18, 2017
