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NASDAQ:ERIEErie Indemnity Stock Price, Forecast & News

$192.00
-1.83 (-0.94 %)
(As of 07/13/2020 04:00 PM ET)
Add
Compare
Today's Range
$191.73
Now: $192.00
$195.48
50-Day Range
$171.00
MA: $183.97
$193.83
52-Week Range
$130.20
Now: $192.00
$270.23
Volume40,953 shs
Average Volume110,469 shs
Market Capitalization$8.87 billion
P/E Ratio33.39
Dividend Yield1.99%
Beta0.56
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.
Read More
Erie Indemnity logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.64 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$7.48 per share
Book Value$24.53 per share

Profitability

Net Income$316.82 million

Miscellaneous

Employees5,700
Market Cap$8.87 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Erie Indemnity (NASDAQ:ERIE) Frequently Asked Questions

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

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 31.8% and is now trading at $192.00. View which stocks have been most impacted by Coronavirus.

When is Erie Indemnity's next earnings date?

Erie Indemnity is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 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, May, 7th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by $0.40. The financial services provider earned $616.74 million during the quarter, compared to the consensus estimate of $618.20 million. Erie Indemnity had a net margin of 12.03% and a return on equity of 27.15%. During the same quarter in the previous year, the business earned $1.44 EPS. 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 Thursday, April 23rd. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.965 per share on Tuesday, July 21st. This represents a $3.86 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Monday, July 6th. View Erie Indemnity's dividend history.

Has Erie Indemnity been receiving favorable news coverage?

News coverage about ERIE stock has trended very negative this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Erie Indemnity earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Erie Indemnity.

Are investors shorting Erie Indemnity?

Erie Indemnity saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 927,900 shares, a decrease of 5.4% from the May 31st total of 981,200 shares. Based on an average trading volume of 133,900 shares, the days-to-cover ratio is currently 6.9 days. Approximately 5.0% of the shares of the stock are short sold. View Erie Indemnity's Current Options Chain.

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), Mallinckrodt (MNK), Amgen (AMGN), Walmart (WMT), Boeing (BA), Cisco Systems (CSCO), Honeywell International (HON), Skyworks Solutions (SWKS), Union Pacific (UNP) and AbbVie (ABBV).

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 many different retail and institutional investors. Top institutional shareholders include IFM Investors Pty Ltd (0.00%). 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 major investors are selling Erie Indemnity stock?

ERIE stock was sold by a variety of institutional investors in the last quarter, including IFM Investors Pty Ltd. 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 $192.00.

How big of a company is Erie Indemnity?

Erie Indemnity has a market capitalization of $8.87 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 7/13/2020 by MarketBeat.com Staff

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