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

$162.98
-2.23 (-1.35 %)
(As of 03/30/2020 06:00 AM ET)
Today's Range
$152.52
Now: $162.98
$174.03
50-Day Range
$135.27
MA: $157.79
$177.41
52-Week Range
$130.20
Now: $162.98
$270.23
Volume127,857 shs
Average Volume189,793 shs
Market Capitalization$7.53 billion
P/E Ratio26.89
Dividend Yield2.37%
Beta0.52
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.
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Erie Indemnity logo

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.48 billion
Cash Flow$7.55 per share
Book Value$24.53 per share

Profitability

Net Income$316.82 million

Miscellaneous

Employees5,700
Market Cap$7.53 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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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 (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.

When is Erie Indemnity's next earnings date?

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

How were Erie Indemnity's earnings last quarter?

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.

How often does Erie Indemnity pay dividends? What is the dividend yield for Erie Indemnity?

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.

Has Erie Indemnity been receiving favorable news coverage?

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.

Are investors shorting Erie 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.

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), Mallinckrodt (MNK), Amgen (AMGN), Walmart (WMT), Boeing (BA), Shire (SHP), Cisco Systems (CSCO), Skyworks Solutions (SWKS), Albemarle (ALB) and Honeywell International (HON).

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 Officer
  • Mr. 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 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.

Which institutional investors are selling Erie Indemnity stock?

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.

Which institutional investors are buying Erie Indemnity stock?

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.

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 $162.98.

How big of a company is Erie Indemnity?

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.

What is Erie Indemnity's official website?

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


MarketBeat Community Rating for Erie Indemnity (NASDAQ ERIE)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  226 (Vote Outperform)
Underperform Votes:  236 (Vote Underperform)
Total Votes:  462
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.
This page was last updated on 3/30/2020 by MarketBeat.com Staff

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