NASDAQ:ERIE Erie Indemnity (ERIE) Stock Price, News & Analysis → Move Your Money Before May 1 (From Stansberry Research) (Ad) Free ERIE Stock Alerts $382.43 +2.17 (+0.57%) (As of 03:32 PM ET) Add Compare Share Share Today's Range$371.31▼$386.6750-Day Range$349.51▼$417.3552-Week Range$199.49▼$420.34Volume35,354 shsAverage Volume104,892 shsMarket Capitalization$20.00 billionP/E Ratio44.83Dividend Yield1.33%Price TargetN/A Stock AnalysisStock AnalysisChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Erie Indemnity alerts: Email Address Erie Indemnity MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy2.70% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.90Upright™ Environmental ScoreNews Sentiment0.24Based on 10 Articles This WeekInsider TradingSelling Shares$4.07 M Sold Last QuarterProj. Earnings Growth12.29%From $10.09 to $11.33 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.50 out of 5 starsFinance Sector536th out of 864 stocksInsurance Agents, Brokers, & Service Industry11th out of 16 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Erie Indemnity. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.70% of the float of Erie Indemnity has been sold short.Short Interest Ratio / Days to CoverErie Indemnity has a short interest ratio ("days to cover") of 6.1.Change versus previous monthShort interest in Erie Indemnity has recently decreased by 12.38%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldErie Indemnity pays a meaningful dividend of 1.33%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthErie Indemnity has been increasing its dividend for 34 years.Dividend CoverageThe dividend payout ratio of Erie Indemnity is 59.79%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Erie Indemnity will have a dividend payout ratio of 45.01% next year. This indicates that Erie Indemnity will be able to sustain or increase its dividend. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreErie Indemnity has received a -121.74% net impact score from Upright. Erie Insurance uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Physical diseases". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Vehicle insurance services for individuals", "Home insurance services for individuals", and "Pension funding services" products. See details.Environmental SustainabilityThe Environmental Impact score for Erie Indemnity is -0.90. Previous Next 2.4 News and Social Media Coverage News SentimentErie Indemnity has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.45 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Erie Indemnity this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for ERIE on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat Follows2 people have added Erie Indemnity to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Erie Indemnity insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,073,800.00 in company stock.Percentage Held by Insiders45.79% of the stock of Erie Indemnity is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 33.67% of the stock of Erie Indemnity is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Erie Indemnity are expected to grow by 12.29% in the coming year, from $10.09 to $11.33 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Erie Indemnity is 44.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.89.Price to Earnings Ratio vs. SectorThe P/E ratio of Erie Indemnity is 44.87, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 55.25.Price to Book Value per Share RatioErie Indemnity has a P/B Ratio of 12.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Stansberry ResearchMove Your Money Before May 1Did you know that the IRS has allegedly been using AI to spy on the bank accounts of American citizens? Click here to get the full story before May 1. About Erie Indemnity Stock (NASDAQ:ERIE)Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. It provides issuance and renewal services; sales related services, including agent compensation, and sales and advertising support services; underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. The company was incorporated in 1925 and is based in Erie, Pennsylvania.Read More ERIE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ERIE Stock News HeadlinesApril 25, 2024 | markets.businessinsider.comErie Indemnity Co Q1 Income Rises, Beats estimatesApril 25, 2024 | investorplace.comERIE Stock Earnings: Erie Indemnity Beats EPS, Beats Revenue for Q1 2024April 26, 2024 | Weiss Ratings (Ad)Protect Yourself While There’s Still Time …The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.April 25, 2024 | gurufocus.comErie Indemnity Co (ERIE) Surpasses Analyst Earnings Estimates in Q1 2024April 25, 2024 | prnewswire.comErie Indemnity Reports First Quarter 2024 ResultsApril 25, 2024 | markets.businessinsider.comWest Pharmaceutical Services Q1 Net Income Declines; Increases 2024 Adj. EPS GuidanceApril 24, 2024 | msn.comErie Indemnity Q1 2024 Earnings PreviewApril 24, 2024 | markets.businessinsider.comErie Indemnity earnings: here's what Wall Street expectsApril 26, 2024 | Weiss Ratings (Ad)Protect Yourself While There’s Still Time …The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.April 20, 2024 | finance.yahoo.comErie Indemnity Company (ERIE)April 17, 2024 | nasdaq.comRSI Alert: Erie Indemnity Now OversoldApril 17, 2024 | finance.yahoo.comWhy We Think Shareholders May Be Considering Bumping Up Erie Indemnity Company's (NASDAQ:ERIE) CEO CompensationApril 12, 2024 | prnewswire.comErie Indemnity to host first quarter 2024 pre-recorded conference call and webcastApril 11, 2024 | finance.yahoo.comErie Indemnity (NASDAQ:ERIE) shareholders have earned a 20% CAGR over the last five yearsApril 9, 2024 | uk.finance.yahoo.comErie Indemnity Company (ERIE) stock price, news, quote & history – Yahoo FinanceApril 1, 2024 | finance.yahoo.comShould Distracted Driving Laws Apply to Your Dog? Erie Insurance Survey Shows Americans Equally Divided on the IssueMarch 22, 2024 | msn.comErie Insurance will support Renaissance Centre hotel project with $11 million in loansMarch 21, 2024 | finance.yahoo.comIn spite of recent selling, insiders still have the largest holding in Erie Indemnity Company (NASDAQ:ERIE) with a 41% ownershipMarch 15, 2024 | wsj.comErie Indemnity Co. Cl AMarch 14, 2024 | money.usnews.comErie Indemnity Co. - Ordinary Shares - Class AMarch 13, 2024 | msn.com4 Mid-Caps Ready to Soar as Markets Attempt Another ATH After CPI ReportMarch 4, 2024 | finanznachrichten.deErie Indemnity Company: Erie Indemnity Reports Full Year and Fourth Quarter 2023 ResultsMarch 3, 2024 | finance.yahoo.comERIE Apr 2024 390.000 callMarch 3, 2024 | finance.yahoo.comERIE Mar 2024 420.000 callFebruary 29, 2024 | seekingalpha.comErie Indemnity Company (ERIE) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | finance.yahoo.comQ4 2023 Erie Indemnity Co Earnings Call (Pre-recorded)February 28, 2024 | finance.yahoo.comErie Indemnity Company (NASDAQ:ERIE) Q4 2023 Earnings Call TranscriptSee More Headlines Receive ERIE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Erie Indemnity and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 4/23 Dividend4/08/2024Dividend Payable4/23/2024Last Earnings4/25/2024Today4/26/2024Next Earnings (Estimated)7/25/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Insurance agents, brokers, & service Sub-IndustryProperty & Casualty Insurance Current SymbolNASDAQ:ERIE CUSIP29530P10 CIK922621 Webwww.erieinsurance.com Phone(814) 870-2000Fax814-870-4040Employees6,556Year Founded1925Profitability EPS (Most Recent Fiscal Year)$8.53 Trailing P/E Ratio44.86 Forward P/E Ratio37.93 P/E GrowthN/ANet Income$446.06 million Net Margins13.65% Pretax Margin17.19% Return on Equity28.29% Return on Assets18.95% Debt Debt-to-Equity RatioN/A Current Ratio1.47 Quick Ratio1.47 Sales & Book Value Annual Sales$3.27 billion Price / Sales6.12 Cash Flow$9.56 per share Price / Cash Flow40.05 Book Value$31.79 per share Price / Book12.04Miscellaneous Outstanding Shares52,300,000Free Float28,352,000Market Cap$20.01 billion OptionableOptionable Beta0.43 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Timothy Gerard NeCastro C.I.C. (Age 64)CPA, President & CEO Comp: $2.76MMs. Julie Marie Pelkowski CPA (Age 54)Executive VP & CFO Comp: $817.97kMr. Parthasarathy Srinivasa (Age 52)Executive VP & Chief Information Officer Comp: $1.01MMr. Douglas Edward Smith C.P.C.U. (Age 50)FCAS, MAAA, Executive Vice President of Sales & Products Comp: $880.78kMs. Lorianne Feltz-Upperman C.P.C.U. (Age 54)Executive Vice President of Claims & Customer Service Comp: $896.55kMr. Bill MatrogranVice President of Construction Management & OperationsMr. Ronald Steven HaburskySenior VP & Chief Investment OfficerMr. Scott W. BeilharzVice President of Capital Management & Investor RelationsMr. Brian William Bolash Esq. (Age 58)Executive VP, Corporate Secretary & General Counsel Mr. Charles Michael Fletcher C.I.C.Senior Vice President of Sales & MarketingMore ExecutivesKey CompetitorsBrown & BrownNYSE:BROWillis Towers Watson PublicNASDAQ:WTWRyan SpecialtyNYSE:RYANEquitableNYSE:EQHArthur J. Gallagher & Co.NYSE:AJGView All CompetitorsInsiders & InstitutionsFjarde AP Fonden Fourth Swedish National Pension FundBought 200 shares on 4/25/2024Ownership: 0.032%CENTRAL TRUST CoBought 200 shares on 4/24/2024Ownership: 0.000%Amalgamated BankBought 243 shares on 4/23/2024Ownership: 0.023%Louisiana State Employees Retirement SystemBought 200 shares on 4/23/2024Ownership: 0.014%TriaGen Wealth Management LLCSold 26 shares on 4/23/2024Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions ERIE Stock Analysis - Frequently Asked Questions How have ERIE shares performed in 2024? Erie Indemnity's stock was trading at $334.92 on January 1st, 2024. Since then, ERIE shares have increased by 14.3% and is now trading at $382.76. View the best growth stocks for 2024 here. Are investors shorting Erie Indemnity? Erie Indemnity saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 679,700 shares, a decline of 12.4% from the March 31st total of 775,700 shares. Based on an average daily volume of 111,500 shares, the short-interest ratio is presently 6.1 days. Approximately 2.7% of the shares of the company are short sold. View Erie Indemnity's Short Interest. When is Erie Indemnity's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024. View our ERIE earnings forecast. How were Erie Indemnity's earnings last quarter? Erie Indemnity (NASDAQ:ERIE) announced its quarterly earnings results on Thursday, April, 25th. The financial services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.33 by $0.05. The financial services provider earned $880.70 million during the quarter, compared to analyst estimates of $835.61 million. Erie Indemnity had a net margin of 13.65% and a trailing twelve-month return on equity of 28.29%. How often does Erie Indemnity pay dividends? What is the dividend yield for Erie Indemnity? Erie Indemnity announced a quarterly dividend on Thursday, February 22nd. Shareholders of record on Tuesday, April 9th will be paid a dividend of $1.275 per share on Tuesday, April 23rd. This represents a $5.10 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, April 8th. Read our dividend analysis for ERIE. Is Erie Indemnity a good dividend stock? Erie Indemnity (NASDAQ:ERIE) pays an annual dividend of $5.10 per share and currently has a dividend yield of 1.33%. The company has been increasing its dividend for 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 59.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERIE will have a dividend payout ratio of 45.01% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ERIE. What ETFs hold Erie Indemnity's stock? ETFs with the largest weight of Erie Indemnity (NASDAQ:ERIE) stock in their portfolio include ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Formidable Fortress ETF (KONG), SPDR S&P Insurance ETF (KIE), Invesco S&P MidCap Quality ETF (XMHQ), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Invesco Dorsey Wright Financial Momentum ETF (PFI), iShares U.S. Insurance ETF (IAK) and Invesco S&P MidCap Momentum ETF (XMMO). What is Timothy G. NeCastro's approval rating as Erie Indemnity's CEO? 88 employees have rated Erie Indemnity Chief Executive Officer Timothy G. NeCastro on Glassdoor.com. Timothy G. NeCastro has an approval rating of 96% among the company's employees. This puts Timothy G. NeCastro in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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), Boeing (BA), Cisco Systems (CSCO), Union Pacific (UNP), AbbVie (ABBV) and Skyworks Solutions (SWKS). Who are Erie Indemnity's major shareholders? Erie Indemnity's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.12%), Fort Pitt Capital Group LLC (0.07%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%), Los Angeles Capital Management LLC (0.03%), Amalgamated Bank (0.02%) and Louisiana State Employees Retirement System (0.01%). Insiders that own company stock include J Ralph Borneman Jr, Marc Cipriani and Thomas B Hagen. View institutional ownership trends. How do I buy shares of Erie Indemnity? Shares of ERIE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:ERIE) was last updated on 4/26/2024 by MarketBeat.com Staff From Our PartnersThese AI trades triggered this morning (545% return)Prosper Trading AcademyThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsRed Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!Priority GoldExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersThe A.I. story nobody is telling you (Read ASAP)TradeSmithDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTrump is sounding the alarmPreserve Gold Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Erie Indemnity Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
