About Erie Indemnity (NASDAQ:ERIE)
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. The company operates three field offices. Erie Indemnity Company was founded in 1925 and is based in Erie, Pennsylvania.
Industry, Sector and Symbol
Industry Insurance agents, brokers, & service
Sub-IndustryProperty & Casualty Insurance
SectorFinance
SymbolNASDAQ:ERIE
CUSIP29530P10
Phone814-870-2000
Debt
Debt-to-Equity Ratio0.09%
Current Ratio2.09%
Quick Ratio2.09%
Price-To-Earnings
Trailing P/E Ratio29.86
Forward P/E Ratio24.02
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.69 billion
Price / Sales3.22
Cash Flow$4.9592 per share
Price / Cash23.78
Book Value$18.56 per share
Price / Book6.35
Profitability
EPS (Most Recent Fiscal Year)$3.95
Net Income$196.99 million
Net Margins11.65%
Return on Equity24.25%
Return on Assets13.04%
Miscellaneous
Employees5,300
Outstanding Shares46,190,000
Erie Indemnity (NASDAQ:ERIE) Frequently Asked Questions
What is Erie Indemnity's stock symbol?
Erie Indemnity trades on the NASDAQ under the ticker symbol "ERIE."
How often does Erie Indemnity pay dividends? What is the dividend yield for Erie Indemnity?
Erie Indemnity announced a quarterly dividend on Monday, February 26th. Shareholders of record on Friday, April 6th will be given a dividend of $0.84 per share on Friday, April 20th. This represents a $3.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, April 5th. View Erie Indemnity's Dividend History.
How were Erie Indemnity's earnings last quarter?
Erie Indemnity (NASDAQ:ERIE) posted its earnings results on Thursday, February, 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.04. The financial services provider earned $401.40 million during the quarter. Erie Indemnity had a return on equity of 24.25% and a net margin of 11.65%. View Erie Indemnity's Earnings History.
When is Erie Indemnity's next earnings date?
Who are some of Erie Indemnity's key competitors?
Some companies that are related to Erie Indemnity include Extra Space Storage (EXR), Unum (UNM), Sino Land (SNLAY), Daiwa Securities Group (DSEEY), Zions Bancorp (ZION), Schroders (SHNWF), Fidelity National Financial (FNF), KKR & Co. L.P. (KKR), HCP (HCP), Mid-America Apartment Communities (MAA), Everest Re Group (RE), American Financial Group (AFG), Landsec (LSGOF), Reinsurance Group of America (RGA), Torchmark (TMK), Athene (ATH), Woori Bank (WF) and Regency Centers (REG).
Who are Erie Indemnity's key executives?
Erie Indemnity's management team includes the folowing people:
- Mr. Timothy Gerard NeCastro, Pres & CEO (Age 58)
- Mr. Gregory John Gutting, Exec. VP & CFO (Age 55)
- Mr. Bradley G. Postema, Chief Investment Officer and Sr. VP
- Mr. Robert Coleman Ingram III, Chief Information Officer & Exec. VP (Age 59)
- Mr. Sean Joseph McLaughlin, Exec. VP, Gen. Counsel & Sec. (Age 62)
Has Erie Indemnity been receiving favorable news coverage?
News coverage about ERIE stock has trended somewhat positive on Monday, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Erie Indemnity earned a media sentiment score of 0.05 on Accern's scale. They also assigned media headlines about the financial services provider an impact score of 46.85 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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, Scottrade, Fidelity and Charles Schwab.
What is Erie Indemnity's stock price today?
One share of ERIE stock can currently be purchased for approximately $117.93.
How big of a company is Erie Indemnity?
Erie Indemnity has a market capitalization of $5.45 billion and generates $1.69 billion in revenue each year. The financial services provider earns $196.99 million in net income (profit) each year or $3.95 on an earnings per share basis. Erie Indemnity employs 5,300 workers across the globe.
How can I contact Erie Indemnity?
Erie Indemnity's mailing address is 100 ERIE INSURANCE PL, 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 (ERIE)
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.
Erie Indemnity (NASDAQ:ERIE) Dividend Information
Erie Indemnity pays an annual dividend of $3.36 per share, with a dividend yield of 2.85%. ERIE's most recent quarterly dividend payment was Friday, April 20. The company has grown its dividend for the last 22 consecutive years and is increasing its dividend by an average of 7.20% each year. Erie Indemnity pays out 85.06% of its earnings out as a dividend.
| Most Recent Dividend: | 4/20/2018 |
| Annual Dividend: | $3.36 |
| Dividend Yield: | 2.85% |
| Dividend Growth: | 7.20% (3 Year Average) |
| Payout Ratio: | 85.06% (Trailing 12 Months of Earnings)
68.43% (Based on This Year's Estimates)
64.99% (Based on Next Year's Estimates)
|
| Track Record: | 22 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Erie Indemnity (NASDAQ:ERIE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/26/2018 | quarterly | $0.84 | 2.95% | 4/5/2018 | 4/6/2018 | 4/20/2018 |
| 12/8/2017 | quarterly | $0.84 | 2.8% | 1/5/2018 | 1/8/2018 | 1/23/2018 |
| 7/28/2017 | Quarterly | $0.7830 | 2.46% | 10/4/2017 | 10/5/2017 | 10/20/2017 |
| 4/28/2017 | quarterly | $0.7825 | 2.53% | 7/3/2017 | 7/6/2017 | 7/20/2017 |
| 2/27/2017 | quarterly | $0.7825 | 2.63% | 4/3/2017 | 4/5/2017 | 4/20/2017 |
| 12/8/2016 | quarterly | $0.7825 | 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 | $0.6810 | 3.18% | 7/2/2015 | 7/7/2015 | 7/21/2015 |
| 3/2/2015 | quarterly | $0.6810 | 3.11% | 4/2/2015 | 4/7/2015 | 4/21/2015 |
| 12/3/2014 | quarterly | $0.6810 | 3.04% | 1/2/2015 | 1/6/2015 | 1/21/2015 |
| 8/1/2014 | quarterly | $0.6350 | 3.43% | 9/30/2014 | 10/2/2014 | 10/17/2014 |
| 4/21/2014 | quarterly | $0.6350 | 3.62% | 7/1/2014 | 7/3/2014 | 7/18/2014 |
| 3/3/2014 | quarterly | $0.6350 | 3.47% | 4/3/2014 | 4/7/2014 | 4/22/2014 |
| 12/5/2013 | quarterly | $0.6350 | 3.62% | 1/3/2014 | 1/7/2014 | 1/22/2014 |
| 8/5/2013 | quarterly | $0.5925 | 3.07% | 10/2/2013 | 10/4/2013 | 10/18/2013 |
| 4/22/2013 | quarterly | $0.5925 | 3.06% | 7/2/2013 | 7/5/2013 | 7/19/2013 |
| 2/28/2013 | quarterly | $0.5925 | 3.24% | 4/3/2013 | 4/5/2013 | 4/19/2013 |
(Data available from 1/1/2013 forward)
Erie Indemnity (NASDAQ:ERIE) SEC Filings
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