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NASDAQ:ERIEErie Indemnity Stock Price, Forecast & News

$217.37
+1.65 (+0.76 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$215.79
Now: $217.37
$219.59
50-Day Range
$180.50
MA: $199.67
$217.54
52-Week Range
$130.20
Now: $217.37
$227.00
Volume1,404 shs
Average Volume100,064 shs
Market Capitalization$10.04 billion
P/E Ratio38.54
Dividend Yield1.79%
Beta0.57
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

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.31 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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.48 billion
Cash Flow$7.56 per share
Book Value$24.53 per share

Profitability

Net Income$316.82 million

Miscellaneous

Employees5,700
Market Cap$10.04 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$217.37
+1.65 (+0.76 %)
(As of 08/14/2020 04:00 PM 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 49.2% and is now trading at $217.37.
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
.

When is Erie Indemnity's next earnings date?

Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Erie Indemnity
.

How were Erie Indemnity's earnings last quarter?

Erie Indemnity (NASDAQ:ERIE) posted its earnings results on Thursday, July, 30th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.48 by $0.09. The financial services provider earned $657.02 million during the quarter, compared to the consensus estimate of $623.10 million. Erie Indemnity had a return on equity of 25.86% and a net margin of 11.76%. During the same quarter last year, the business earned $1.68 earnings per share.
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 Monday, August 3rd. Investors of record on Monday, October 5th will be given a dividend of $0.965 per share on Tuesday, October 20th. This represents a $3.86 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Friday, October 2nd.
View Erie Indemnity's dividend history
.

Has Erie Indemnity been receiving favorable news coverage?

Press coverage about ERIE stock has trended somewhat negative on Saturday, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Erie Indemnity earned a news impact score of -1.5 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the stock's share price in the near term.
View the latest news about Erie Indemnity
.

Are investors shorting Erie Indemnity?

Erie Indemnity saw a decline in short interest during the month of January. As of January 31st, there was short interest totaling 1,690,000 shares, a decline of 14.2% from the January 15th total of 1,970,000 shares. Based on an average trading volume of 96,700 shares, the short-interest ratio is presently 17.5 days. Currently, 6.7% of the company's shares 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), Boeing (BA), Cisco Systems (CSCO), Union Pacific (UNP), AbbVie (ABBV), Honeywell International (HON) and Skyworks Solutions (SWKS).

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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.56%), APG Asset Management N.V. (0.72%), Bank of New York Mellon Corp (0.49%), California Public Employees Retirement System (0.46%), New York State Common Retirement Fund (0.39%) and Swiss National Bank (0.25%). 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 Vanguard Group Inc., SG Americas Securities LLC, BI Asset Management Fondsmaeglerselskab A S, Hartford Investment Management Co., Bank of America Corp DE, Goldman Sachs Group Inc., Holocene Advisors LP, and Balyasny Asset Management LLC.
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 WINTON GROUP Ltd, California Public Employees Retirement System, Teacher Retirement System of Texas, Bank of New York Mellon Corp, APG Asset Management N.V., NN Investment Partners Holdings N.V., Robeco Institutional Asset Management B.V., and Nissay Asset Management Corp Japan ADV. 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 $217.37.

How big of a company is Erie Indemnity?

Erie Indemnity has a market capitalization of $10.04 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 8/15/2020 by MarketBeat.com Staff

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