News articles about Erie Indemnity (NASDAQ:ERIE) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Erie Indemnity earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.5938048518568 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Erie Indemnity (NASDAQ:ERIE) traded down 0.14% during trading on Tuesday, reaching $125.30. The company had a trading volume of 37,050 shares. The firm has a 50-day moving average of $123.13 and a 200-day moving average of $119.24. Erie Indemnity has a 1-year low of $96.01 and a 1-year high of $129.15. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 30.94 and a beta of 0.43.
Erie Indemnity (NASDAQ:ERIE) last announced its quarterly earnings data on Monday, May 1st. The financial services provider reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by $0.04. The firm had revenue of $399.32 million during the quarter, compared to analyst estimates of $394.47 million. Erie Indemnity had a net margin of 13.10% and a return on equity of 25.80%. During the same quarter in the previous year, the business earned $0.87 EPS. On average, analysts anticipate that Erie Indemnity will post $4.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, July 6th were given a $0.7825 dividend. The ex-dividend date was Monday, July 3rd. This represents a $3.13 dividend on an annualized basis and a yield of 2.50%. Erie Indemnity’s payout ratio is currently 77.48%.
A number of equities analysts recently weighed in on the company. BidaskClub raised Erie Indemnity from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Zacks Investment Research raised Erie Indemnity from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th.
In other news, CEO Timothy G. Necastro acquired 430 shares of Erie Indemnity stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $116.24 per share, for a total transaction of $49,983.20. Following the completion of the transaction, the chief executive officer now directly owns 11,644 shares in the company, valued at $1,353,498.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 46.79% of the stock is owned by company insiders.
About Erie Indemnity
Erie 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.
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