Media stories about Erie Indemnity (NASDAQ:ERIE) have been trending somewhat positive on Monday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Erie Indemnity earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.2540101578717 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Head-To-Head Comparison: The Automobile Association (AATDF) vs. Erie Indemnity (ERIE) (americanbankingnews.com)
- Erie Indemnity (ERIE) Downgraded to Strong Sell at BidaskClub (americanbankingnews.com)
- Erie Insurance names Palczer to claims vice president role (finance.yahoo.com)
- Four Things to Think About When Planning Your Wedding (finance.yahoo.com)
- Head-To-Head Analysis: Fanhua (FANH) & Erie Indemnity (ERIE) (americanbankingnews.com)
ERIE has been the topic of a number of recent analyst reports. BidaskClub raised Erie Indemnity from a “sell” rating to a “hold” rating in a research report on Thursday, April 26th. Zacks Investment Research downgraded Erie Indemnity from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 25th.
Shares of NASDAQ ERIE opened at $111.75 on Monday. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 28.29 and a beta of 0.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.73 and a current ratio of 1.73. Erie Indemnity has a twelve month low of $106.63 and a twelve month high of $129.73.
Erie Indemnity (NASDAQ:ERIE) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.04. Erie Indemnity had a return on equity of 26.27% and a net margin of 11.52%. The company had revenue of $401.40 million during the quarter. analysts anticipate that Erie Indemnity will post 4.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, July 6th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, July 5th. Erie Indemnity’s dividend payout ratio is presently 85.06%.
In other news, CEO Timothy G. Necastro acquired 493 shares of Erie Indemnity stock in a transaction dated Tuesday, February 27th. The stock was bought at an average price of $115.18 per share, for a total transaction of $56,783.74. Following the completion of the acquisition, the chief executive officer now directly owns 12,006 shares in the company, valued at approximately $1,382,851.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Luann Datesh acquired 210 shares of Erie Indemnity stock in a transaction dated Friday, March 9th. The shares were purchased at an average price of $119.87 per share, with a total value of $25,172.70. Following the acquisition, the director now owns 410 shares of the company’s stock, valued at $49,146.70. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,027 shares of company stock valued at $119,651. Corporate insiders own 46.79% of the company’s stock.
Erie Indemnity Company Profile
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.
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