NASDAQ:ERIE - Erie Indemnity Stock Price, Forecast & News

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 (WHO). Since then, ERIE shares have increased by 11.9% and is now trading at $162.98. View which stocks have been mosted impacted by Coronavirus.

Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Erie Indemnity.

Erie Indemnity (NASDAQ:ERIE) posted its quarterly earnings results on Thursday, February, 27th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.31 by $0.17. The financial services provider had revenue of $596.74 million for the quarter, compared to analysts' expectations of $601.20 million. Erie Indemnity had a return on equity of 29.27% and a net margin of 12.79%. View Erie Indemnity's earnings history.

Erie Indemnity announced a quarterly dividend on Monday, March 2nd. Investors of record on Monday, April 6th will be given a dividend of $0.965 per share on Tuesday, April 21st. This represents a $3.86 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Friday, April 3rd. View Erie Indemnity's dividend history.

Media coverage about ERIE stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Erie Indemnity earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned media coverage 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.

Erie Indemnity saw a drop in short interest in March. As of March 13th, there was short interest totaling 1,461,900 shares, a drop of 8.6% from the February 27th total of 1,600,000 shares. Based on an average trading volume of 121,800 shares, the short-interest ratio is currently 12.0 days. Approximately 5.8% of the shares of the stock are short sold. View Erie Indemnity's Current Options Chain.

Some companies that are related to Erie Indemnity include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cna Financial (CNA), Fidelity National Financial (FNF), First American Financial (FAF), Old Republic International (ORI), RLI (RLI), Hanover Insurance Group (THG) and Axis Capital (AXS).

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), Shire (SHP), Cisco Systems (CSCO), Skyworks Solutions (SWKS), Albemarle (ALB) and Honeywell International (HON).

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

Erie Indemnity's stock is owned by many different retail and institutional investors. Top institutional shareholders include PNC Financial Services Group Inc. (10.40%), Franklin Resources Inc. (2.64%), Franklin Resources Inc. (2.64%), State Street Corp (1.66%), First Trust Advisors LP (0.77%) and Geode Capital Management LLC (0.65%). 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.

ERIE stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Geode Capital Management LLC, Nuveen Asset Management LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Barclays PLC, Franklin Resources Inc., Franklin Resources Inc., and Teacher Retirement System of Texas. View insider buying and selling activity for Erie Indemnity.

ERIE stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Assetmark Inc., SG Americas Securities LLC, First Trust Advisors LP, Great West Life Assurance Co. Can, AustralianSuper Pty Ltd, Meag Munich Ergo Kapitalanlagegesellschaft MBH, and Mitsubishi UFJ Trust & Banking Corp. 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.

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 $162.98.

Erie Indemnity has a market capitalization of $7.53 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. View additional information about Erie Indemnity.

The official website for Erie Indemnity is http://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]