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NASDAQ:ERIE

Erie Indemnity Stock Forecast, Price & News

$220.40
-1.41 (-0.64 %)
(As of 09/19/2020 12:07 AM ET)
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Today's Range
$217.85
Now: $220.40
$225.31
50-Day Range
$205.50
MA: $215.17
$224.28
52-Week Range
$130.20
Now: $220.40
$226.57
Volume343,700 shs
Average Volume95,212 shs
Market Capitalization$10.18 billion
P/E Ratio39.08
Dividend Yield1.75%
Beta0.53
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: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.51 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$7.42 per share
Book Value$24.53 per share

Profitability

Net Income$316.82 million

Miscellaneous

Employees5,700
Market Cap$10.18 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$220.40
-1.41 (-0.64 %)
(As of 09/19/2020 12:07 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 51.3% and is now trading at $220.40.
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) announced its quarterly earnings data on Thursday, July, 30th. The financial services provider reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.09. The financial services provider earned $657.02 million during the quarter, compared to analysts' expectations of $623.10 million. Erie Indemnity had a net margin of 11.76% and a return on equity of 25.86%. During the same quarter last year, the firm posted $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 announced 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 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, October 2nd.
View Erie Indemnity's dividend history
.

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), 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, 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 variety of retail and institutional 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., Mitsubishi UFJ Trust & Banking Corp, SG Americas Securities LLC, BI Asset Management Fondsmaeglerselskab A S, Hartford Investment Management Co., Bank of America Corp DE, Goldman Sachs Group Inc., and Nuveen Asset Management LLC.
View insider buying and selling activity for Erie Indemnity
.

Which institutional investors are buying Erie Indemnity stock?

ERIE stock was purchased by a variety of institutional investors in the last quarter, including Tobam, 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., and Robeco Institutional Asset Management B.V.. 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 $220.40.

How big of a company is Erie Indemnity?

Erie Indemnity has a market capitalization of $10.18 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 9/21/2020 by MarketBeat.com Staff

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