Erie Indemnity Company Company Profile (NASDAQ:ERIE)

About Erie Indemnity Company (NASDAQ:ERIE)

Erie Indemnity Company logoErie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Company's function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange. The sales related services the Company provides include agent compensation, and certain sales and advertising support services. Agent compensation includes scheduled commissions to agents based upon premiums written, as well as additional commissions and bonuses to agents. The underwriting services the Company provides include underwriting and policy processing expenses. It provides information technology services that supports various functions. The remaining services the Company provides include customer service and administrative costs.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Symbol: NASDAQ:ERIE
  • CUSIP: 29530P10
  • Web:
  • Market Cap: $5.60828 billion
  • Outstanding Shares: 52,289,000
Average Prices:
  • 50 Day Moving Avg: $119.26
  • 200 Day Moving Avg: $121.26
  • 52 Week Range: $98.36 - $129.73
  • Trailing P/E Ratio: 30.30
  • Foreward P/E Ratio: 29.70
  • P/E Growth: 3.05
Sales & Book Value:
  • Annual Revenue: $1.65 billion
  • Price / Sales: 3.84
  • Book Value: $16.32 per share
  • Price / Book: 7.43
  • Annual Dividend: $3.13
  • Dividend Yield: 2.6%
  • EBITDA: $303.02 million
  • Net Margins: 12.73%
  • Return on Equity: 25.11%
  • Return on Assets: 13.76%
  • Debt-to-Equity Ratio: 0.06%
  • Current Ratio: 1.84%
  • Quick Ratio: 1.84%
  • Average Volume: 28,003 shs.
  • Beta: 0.47
  • Short Ratio: 8.02

Frequently Asked Questions for Erie Indemnity Company (NASDAQ:ERIE)

What is Erie Indemnity Company's stock symbol?

Erie Indemnity Company trades on the NASDAQ under the ticker symbol "ERIE."

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

Erie Indemnity Company announced a quarterly dividend on Friday, July 28th. Investors of record on Thursday, October 5th will be paid a dividend of $0.783 per share on Friday, October 20th. This represents a $3.13 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, October 4th. This is a boost from Erie Indemnity Company's previous quarterly dividend of $0.78. View Erie Indemnity Company's Dividend History.

How were Erie Indemnity Company's earnings last quarter?

Erie Indemnity Company (NASDAQ:ERIE) announced its earnings results on Thursday, July, 27th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by $0.09. The company had revenue of $448.56 million for the quarter, compared to analyst estimates of $447.41 million. Erie Indemnity Company had a return on equity of 25.11% and a net margin of 12.73%. View Erie Indemnity Company's Earnings History.

When will Erie Indemnity Company make its next earnings announcement?

Erie Indemnity Company is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Erie Indemnity Company.

Who are some of Erie Indemnity Company's key competitors?

Who are Erie Indemnity Company's key executives?

Erie Indemnity Company's management team includes the folowing people:

  • Thomas B. Hagen, Independent Chairman of the Board
  • Timothy G. NeCastro, President, Chief Executive Officer
  • Gregory J. Gutting, Chief Financial Officer, Executive Vice President
  • Robert C. Ingram III, Executive Vice President, Chief Information Officer
  • Sean J. McLaughlin, Executive Vice President, General Counsel
  • Douglas Edward Smith, Executive Vice President - Sales & Products
  • Lorianne Feltz, Executive Vice President - Claims & Customer Service
  • J. Ralph Borneman Jr., Director
  • Eugene C. Connell, Independent Director
  • LuAnn Datesh, Independent Director

How do I buy Erie Indemnity Company stock?

Shares of Erie Indemnity Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Erie Indemnity Company's stock price today?

One share of Erie Indemnity Company stock can currently be purchased for approximately $121.19.

MarketBeat Community Rating for Erie Indemnity Company (NASDAQ ERIE)
Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  59 (Vote Outperform)
Underperform Votes:  64 (Vote Underperform)
Total Votes:  123
MarketBeat's community ratings are surveys of what our community members think about Erie Indemnity Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Erie Indemnity Company (NASDAQ:ERIE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A
Consensus Price Target History for Erie Indemnity Company (NASDAQ:ERIE)
Price Target History for Erie Indemnity Company (NASDAQ:ERIE)
Analysts' Ratings History for Erie Indemnity Company (NASDAQ:ERIE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
1/19/2016MacquarieBoost Price Target$84.00 -> $96.00N/AView Rating Details
11/2/2015William BlairReiterated RatingOutperformN/AView Rating Details
(Data available from 10/18/2015 forward)


Earnings History for Erie Indemnity Company (NASDAQ:ERIE)
Earnings by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Earnings History by Quarter for Erie Indemnity Company (NASDAQ ERIE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$1.11N/AView Earnings Details
7/27/2017Q2 2017$1.21$1.12$447.41 million$448.56 millionViewN/AView Earnings Details
5/1/2017Q1 2017$0.95$0.91$394.47 million$399.32 millionViewListenView Earnings Details
2/23/2017Q416$0.81$0.87$376.71 million$379.61 millionViewN/AView Earnings Details
10/27/2016Q316$1.04$1.09$419.94 million$418.40 millionViewN/AView Earnings Details
7/28/2016Q216$1.05$1.17$430.66 million$70.00 millionViewN/AView Earnings Details
4/28/2016Q116$0.87$0.89$376.02 million$374.73 millionViewN/AView Earnings Details
2/25/2016Q415$0.69$0.57$364.34 million$356.40 millionViewListenView Earnings Details
10/29/2015Q315$1.06$0.94$393.66 million$1.35 billionViewListenView Earnings Details
7/30/2015Q215$0.98$1.07$400.43 million$1.63 billionViewListenView Earnings Details
4/30/2015Q115$0.90$0.74$348.26 million$1.61 billionViewN/AView Earnings Details
2/26/2015Q4 14$0.70$0.48$331.70 million$1.59 millionViewN/AView Earnings Details
10/30/2014Q3 2014$0.94$0.90$366.35 million$370.00 millionViewN/AView Earnings Details
7/31/2014Q2 2014$0.94$0.94$373.15 million$1.60 billionViewN/AView Earnings Details
5/1/2014Q413$0.78$0.88$326.75 million$326.00 millionViewN/AView Earnings Details
2/27/2014$0.54$0.67ViewN/AView Earnings Details
10/31/2013Q313$0.96$0.87$340.12 millionViewN/AView Earnings Details
11/1/2012Q312$0.80$0.93$310.76 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE)
2017 EPS Consensus Estimate: $4.04
2018 EPS Consensus Estimate: $4.08
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.96$0.96$0.96
Q2 20171$1.21$1.21$1.21
Q3 20171$1.11$1.11$1.11
Q4 20171$0.76$0.76$0.76
Q1 20181$0.96$0.96$0.96
Q2 20181$1.18$1.18$1.18
Q3 20181$1.15$1.15$1.15
Q4 20181$0.79$0.79$0.79
(Data provided by Zacks Investment Research)


Current Dividend Information for Erie Indemnity Company (NASDAQ:ERIE)
Next Dividend:10/20/2017
Annual Dividend:$3.13
Dividend Yield:2.58%
Dividend Growth:18.00% (3 Year Average)
Payout Ratio:78.45% (Trailing 12 Months of Earnings)
80.26% (Based on This Year's Estimates)
76.72% (Based on Next Year's Estimates)
Track Record:21 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Erie Indemnity Company (NASDAQ:ERIE)

Dividend History by Quarter for Erie Indemnity Company (NASDAQ ERIE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Erie Indemnity Company (NASDAQ:ERIE)
Insider Ownership Percentage: 46.79%
Institutional Ownership Percentage: 30.97%
Insider Trades by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Institutional Ownership by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Insider Trades by Quarter for Erie Indemnity Company (NASDAQ:ERIE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/28/2017Richard L StoverDirectorSell0$113.66$0.00View SEC Filing  
5/15/2017Timothy G NecastroCEOBuy430$116.24$49,983.20View SEC Filing  
3/10/2017Robert C WilburnDirectorSell2,700$120.16$324,432.00View SEC Filing  
9/2/2016John F KearnsEVPSell1,823$103.55$188,771.65View SEC Filing  
8/29/2016John F KearnsEVPSell300$101.86$30,558.00View SEC Filing  
8/26/2016John F KearnsEVPSell1,250$101.13$126,412.50View SEC Filing  
8/25/2016John F KearnsEVPSell1,500$100.01$150,015.00View SEC Filing  
8/9/2016John F KearnsEVPSell500$99.70$49,850.00View SEC Filing  
8/5/2016John F KearnsEVPSell400$98.15$39,260.00View SEC Filing  
8/4/2016John F KearnsEVPSell143$99.65$14,249.95View SEC Filing  
8/2/2016John F KearnsEVPSell2,500$99.15$247,875.00View SEC Filing  
6/30/2016John F KearnsEVPSell3,990$98.71$393,852.90View SEC Filing  
6/9/2015Robert C Ingram IIIVPBuy2,500$79.90$199,750.00View SEC Filing  
9/18/2013Gary D VesheccoSVPSell1,200$74.10$88,920.00View SEC Filing  
9/21/2012Elizabeth A VorsheckDirectorBuy1,000$62.40$62,400.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Erie Indemnity Company (NASDAQ:ERIE)
Latest Headlines for Erie Indemnity Company (NASDAQ:ERIE)
DateHeadline logoZacks: Erie Indemnity Company (ERIE) Receives Average Recommendation of "Strong Buy" from Analysts - October 17 at 6:30 AM logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : October 16, 2017 - October 16 at 6:49 PM logoFinancial Contrast: Erie Indemnity (ERIE) versus The Competition - October 14 at 10:22 PM logoErie Indemnity to host third quarter 2017 conference call and webcast - October 11 at 7:54 PM logoContrasting Erie Indemnity (ERIE) & Its Rivals - October 6 at 8:32 AM logoErie Indemnity Co. – Value Analysis (NASDAQ:ERIE) : October 4, 2017 - October 4 at 5:12 PM logoErie Indemnity Co. breached its 50 day moving average in a Bullish Manner : ERIE-US : October 3, 2017 - October 3 at 6:58 PM logoErie Indemnity (ERIE) versus The Competition Financial Survey - October 1 at 12:18 PM logoComparing First Financial Corporation Indiana (THFF) and Erie Indemnity (ERIE) - September 29 at 6:24 PM logoErie Indemnity Company (ERIE) Raises Dividend to $0.78 Per Share - September 29 at 8:06 AM logoForm 4 ERIE INDEMNITY CO For: Sep 15 Filed by: CONNELL EUGENE C - September 25 at 4:36 PM logoContrasting Erie Indemnity (ERIE) & James River Group Holdings (JRVR) - September 24 at 4:08 AM logoHead to Head Contrast: Erie Indemnity (ERIE) versus Its Competitors - September 23 at 12:16 PM logoReviewing Erie Indemnity (ERIE) and The Competition - September 19 at 6:10 PM logoSeven Tips for First-Time Life Insurance Buyers - September 7 at 6:29 PM logoErie Indemnity is Oversold - September 5 at 8:02 PM logoErie Indemnity Co. : ERIE-US: Dividend Analysis : July 06th, 2017 (record date) : By the numbers : August 18, 2017 - August 18 at 6:18 PM logoSee what the IHS Markit Score report has to say about Erie Indemnity Co. - August 16 at 5:09 AM logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : August 11, 2017 - August 11 at 6:48 PM logoErie Insurance Appoints Shine to Senior Leadership Role - August 10 at 7:40 PM logo Erie Indemnity Company (ERIE) Given Average Rating of "Strong Buy" by Analysts - August 9 at 6:30 PM logoWilliam Blair Research Analysts Decrease Earnings Estimates for Erie Indemnity Company (NASDAQ:ERIE) - August 4 at 3:48 PM logoErie Indemnity Company Forecasted to Post Q3 2017 Earnings of $1.11 Per Share (NASDAQ:ERIE) - August 3 at 8:28 AM logoForm 4 ERIE INDEMNITY CO For: Aug 01 - August 2 at 7:17 PM logoErie Indemnity Named Top Dividend Stock With Insider Buying and 2.46% Yield (ERIE) - August 1 at 6:58 PM logoErie Indemnity Co. :ERIE-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017 - July 31 at 6:08 PM logoComparing Montpelier Re Holdings (MRH) and Erie Indemnity (ERIE) - July 31 at 10:31 AM logoErie Indemnity's (ERIE) CEO Tim NeCastro on Q2 2017 Results - Earnings Call Transcript - July 29 at 1:32 AM logoEdited Transcript of ERIE earnings conference call or presentation 28-Jul-17 2:00pm GMT - July 29 at 1:32 AM logoErie Indemnity Company (NASDAQ:ERIE) Issues Earnings Results, Misses Estimates By $0.09 EPS - July 28 at 7:45 PM logoErie Indemnity posts 2Q profit - July 27 at 11:53 PM logoErie Indemnity Co Q2 Profit Falls 5% - July 27 at 6:53 PM logoErie Indemnity Reports Second Quarter 2017 Results - July 27 at 6:53 PM logoCritical Review: Erie Indemnity (NASDAQ:ERIE) and Alleghany Corporation (Y) - July 22 at 7:36 AM logoErie Indemnity Co. breached its 50 day moving average in a Bearish Manner : ERIE-US : July 17, 2017 - July 17 at 11:02 AM logoBRIEF-Erie Indemnity says agreed to guaranteed maximum price terms of a construction management agreement with P.J. Dick - SEC Filing - July 14 at 9:29 PM logoErie Indemnity to host second quarter 2017 conference call and webcast - July 12 at 7:01 PM logo Erie Indemnity Company (NASDAQ:ERIE) Receives Average Recommendation of "Strong Buy" from Analysts - July 4 at 11:06 AM logoForm 4 ERIE INDEMNITY CO For: Jul 03 Filed by: Feltz Lorianne - July 3 at 11:13 PM logoForm 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Smith Douglas Edward - July 2 at 4:01 AM logoForm 4 ERIE INDEMNITY CO For: Jun 29 Filed by: Gutting Gregory J - June 30 at 11:41 PM logoForm 4 ERIE INDEMNITY CO For: May 15 Filed by: NECASTRO TIMOTHY G - May 18 at 10:24 AM logoBRIEF-Erie Indemnity Q1 earnings per share $0.91 - May 3 at 9:36 AM logoForm 4 ERIE INDEMNITY CO For: May 01 Filed by: Gutting Gregory J - May 3 at 9:36 AM logoErie Indemnity's (ERIE) Timothy NeCastro on Q1 2017 Results - Earnings Call Transcript - May 3 at 9:36 AM logoErie Indemnity posts 1Q profit - May 1 at 5:20 PM logoForm 4 ERIE INDEMNITY CO For: Apr 25 Filed by: HARTZ CHARLES SCOTT - April 26 at 10:40 PM logo33 Safer Dividend Champion Dogs Also Put McGrath RentCorp As April Top Gainer - April 10 at 11:42 AM logoPanelists talk productivity, design in attracting and retaining workers - March 23 at 5:32 PM logoForm 4 ERIE INDEMNITY CO For: Mar 10 Filed by: WILBURN ROBERT C - March 11 at 9:43 AM



Erie Indemnity Company (ERIE) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.