Erie Indemnity Stock Forecast, Price & News

1 Wall Street 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 analysts is that investors should "buy" Erie Indemnity stock.
View analyst ratings for Erie Indemnity or view top-rated stocks.

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.

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

Erie Indemnity (NASDAQ:ERIE) issued its quarterly earnings data on Thursday, April, 29th. The financial services provider reported $1.41 earnings per share for the quarter, hitting the Zacks' consensus estimate of $1.41. The financial services provider earned $630.18 million during the quarter, compared to the consensus estimate 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.

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. Since then, ERIE stock has increased by 29.9% and is now trading at $189.16.
View which stocks have been most impacted by COVID-19.

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 yield of 2.19%. The ex-dividend date of this dividend is Friday, July 2nd.
View Erie Indemnity's dividend history.

Erie Indemnity pays an annual dividend of $4.14 per share and currently has a dividend yield of 2.19%. 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.

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.

Some companies that are related to Erie Indemnity include The Progressive (PGR), The Allstate (ALL), The Travelers Companies (TRV), Cincinnati Financial (CINF), Markel (MKL), Arch Capital Group (ACGL), W. R. Berkley (WRB), Fidelity National Financial (FNF), CNA Financial (CNA), Old Republic International (ORI), First American Financial (FAF), The Hanover Insurance Group (THG), RLI (RLI), Selective Insurance Group (SIGI) and AXIS Capital (AXS).
View all of ERIE's competitors.

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).

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

Erie Indemnity's stock is owned by a variety of retail and institutional 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.

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.

ERIE stock was acquired 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.

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.

One share of ERIE stock can currently be purchased for approximately $189.16.

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.

Erie Indemnity employs 5,914 workers across the globe.

Erie Indemnity was founded in 1925.

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

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

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 s[email protected]