Erie Indemnity (ERIE) to Release Earnings on Thursday

Erie Indemnity (NASDAQ:ERIE) is scheduled to release its earnings data after the market closes on Thursday, February 22nd. Analysts expect Erie Indemnity to post earnings of $0.76 per share for the quarter.

Shares of Erie Indemnity (ERIE) opened at $113.02 on Thursday. The stock has a market cap of $5,820.00, a P/E ratio of 28.11 and a beta of 0.42. Erie Indemnity has a 1 year low of $106.63 and a 1 year high of $129.73. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Monday, January 8th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Friday, January 5th. This is an increase from Erie Indemnity’s previous quarterly dividend of $0.78. Erie Indemnity’s dividend payout ratio is 83.58%.

An institutional investor recently raised its position in Erie Indemnity stock. The Manufacturers Life Insurance Company increased its holdings in shares of Erie Indemnity (NASDAQ:ERIE) by 7.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,369 shares of the financial services provider’s stock after purchasing an additional 91 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Erie Indemnity were worth $171,000 as of its most recent filing with the SEC. 31.16% of the stock is owned by institutional investors.

Separately, BidaskClub raised shares of Erie Indemnity from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd.

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Erie Indemnity Company Profile

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.

Earnings History for Erie Indemnity (NASDAQ:ERIE)

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