NASDAQ:ERIE

Erie Indemnity Stock Forecast, Price & News

$189.31
-1.19 (-0.62 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$188.51
$192.67
50-Day Range
$189.31
$229.03
52-Week Range
$180.40
$266.77
Volume78,264 shs
Average Volume67,741 shs
Market Capitalization$8.74 billion
P/E Ratio32.14
Dividend Yield2.17%
Beta0.41
30 days | 90 days | 365 days | Advanced Chart
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Erie Indemnity logo

About Erie Indemnity

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, policy issuance, and renewal 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; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.

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MarketRank

Overall MarketRank

1.56 out of 5 stars

Finance Sector

634th out of 1,974 stocks

Insurance Agents, Brokers, & Service Industry

15th out of 31 stocks

Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Erie Indemnity (NASDAQ:ERIE) Frequently Asked Questions

Is Erie Indemnity a buy right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Erie Indemnity in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Erie Indemnity stock.
View analyst ratings for Erie Indemnity
or view top-rated stocks.

What stocks does MarketBeat like better than Erie Indemnity?

Wall Street analysts have given Erie Indemnity a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Erie Indemnity wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Erie Indemnity's next earnings date?

Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Erie Indemnity
.

How were Erie Indemnity's earnings last quarter?

Erie Indemnity (NASDAQ:ERIE) released its quarterly earnings data on Thursday, April, 29th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.41. The financial services provider had revenue of $630.18 million for the quarter, compared to analyst estimates of $627.30 million. Erie Indemnity had a trailing twelve-month return on equity of 25.43% and a net margin of 12.06%.
View Erie Indemnity's earnings history
.

How has Erie Indemnity's stock been impacted by Coronavirus (COVID-19)?

Erie Indemnity's stock was trading at $145.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ERIE stock has increased by 30.0% and is now trading at $189.31.
View which stocks have been most impacted by COVID-19
.

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

Erie Indemnity declared a quarterly dividend on Monday, April 26th. Stockholders of record on Tuesday, July 6th will be given a dividend of $1.035 per share on Tuesday, July 20th. This represents a $4.14 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, July 2nd.
View Erie Indemnity's dividend history
.

Is Erie Indemnity a good dividend stock?

Erie Indemnity pays an annual dividend of $4.14 per share and currently has a dividend yield of 2.17%. Erie Indemnity does not yet have a strong track record of dividend growth. The dividend payout ratio of Erie Indemnity is 73.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Erie Indemnity will have a dividend payout ratio of 65.40% next year. This indicates that Erie Indemnity will be able to sustain or increase its dividend.
View Erie Indemnity's dividend history.

Who are Erie Indemnity's key executives?

Erie Indemnity's management team includes the following people:
  • Mr. Timothy Gerard NeCastro C.I.C., CPA, Pres & CEO (Age 61, Pay $2.09M) (LinkedIn Profile)
  • Mr. Gregory John Gutting CPA, C.P.C.U., Exec. VP & CFO (Age 58, Pay $962.04k)
  • Mr. Robert Coleman Ingram III, Exec. VP & Chief Information Officer (Age 62, Pay $975.18k)
  • Mr. Douglas Edward Smith C.P.C.U., FCAS, MAAA, Exec. VP of Sales & Products (Age 47, Pay $729.91k)
  • Ms. Lorianne Feltz-Upperman C.P.C.U., Exec. VP of Claims & Customer Service (Age 51, Pay $776.92k) (LinkedIn Profile)
  • Mr. Bill Matrogran, VP of Construction Management & Operations
  • Mr. Ronald Steven Habursky, Sr. VP & Chief Investment Officer
  • Mr. Scott W. Beilharz, VP of Capital Management & Investor Relations
  • Mr. Brian William Bolash Esq., Sr. VP, Sec. & Gen. Counsel (LinkedIn Profile)
  • Mr. Charles Michael Fletcher, Sr. VP of Sales & Marketing

What is Timothy G. NeCastro's approval rating as Erie Indemnity's CEO?

88 employees have rated Erie Indemnity CEO Timothy G. NeCastro on Glassdoor.com. Timothy G. NeCastro has an approval rating of 96% among Erie Indemnity's employees. This puts Timothy G. NeCastro in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), The Boeing (BA), Cisco Systems (CSCO), Honeywell International (HON), Union Pacific (UNP), AbbVie (ABBV) and Skyworks Solutions (SWKS).

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 institutional and retail investors. Top institutional shareholders include The PNC Financial Services Group Inc. (10.65%), BlackRock Inc. (3.91%), Franklin Resources Inc. (2.42%), Geode Capital Management LLC (0.92%), APG Asset Management N.V. (0.71%) and Dimensional Fund Advisors LP (0.54%). Company insiders that own Erie Indemnity stock include Eugene C Connell and J Ralph Borneman Jr.
View institutional ownership trends for Erie Indemnity
.

Which major investors are selling Erie Indemnity stock?

ERIE stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., The PNC Financial Services Group Inc., Janus Henderson Group PLC, New York State Common Retirement Fund, Franklin Resources Inc., SG Americas Securities LLC, Mitsubishi UFJ Trust & Banking Corp, and Andra AP fonden.
View insider buying and selling activity for Erie Indemnity
or view top insider-selling stocks.

Which major investors are buying Erie Indemnity stock?

ERIE stock was purchased by a variety of institutional investors in the last quarter, including Columbia Asset Management, Bank of Montreal Can, Martingale Asset Management L P, Millennium Management LLC, Credit Suisse AG, JPMorgan Chase & Co., Geode Capital Management LLC, and UBS Asset Management Americas Inc..
View insider buying and selling activity for Erie Indemnity
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Erie Indemnity's stock price today?

One share of ERIE stock can currently be purchased for approximately $189.31.

How much money does Erie Indemnity make?

Erie Indemnity has a market capitalization of $8.74 billion and generates $2.54 billion in revenue each year. The financial services provider earns $293.30 million in net income (profit) each year or $5.61 on an earnings per share basis.

How many employees does Erie Indemnity have?

Erie Indemnity employs 5,914 workers across the globe.

When was Erie Indemnity founded?

Erie Indemnity was founded in 1925.

What is Erie Indemnity's official website?

The official website for Erie Indemnity is www.erieinsurance.com.

Where are Erie Indemnity's headquarters?

Erie Indemnity is headquartered at 100 ERIE INSURANCE PLACE, ERIE PA, 16530.

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 6/17/2021 by MarketBeat.com Staff
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