Erie Indemnity (ERIE) Getting Somewhat Positive Press Coverage, Study Finds

News stories about Erie Indemnity (NASDAQ:ERIE) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Erie Indemnity earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.6062116245771 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Erie Indemnity (NASDAQ ERIE) traded up $0.94 during trading on Friday, hitting $119.56. The company had a trading volume of 19,900 shares, compared to its average volume of 29,884. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $5,460.01, a PE ratio of 29.74 and a beta of 0.47. Erie Indemnity has a fifty-two week low of $106.91 and a fifty-two week high of $129.73.

Erie Indemnity (NASDAQ:ERIE) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. The firm had revenue of $442.49 million during the quarter, compared to analyst estimates of $437.72 million. Erie Indemnity had a return on equity of 24.98% and a net margin of 12.62%. equities analysts predict that Erie Indemnity will post 3.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Monday, January 8th will be given a $0.84 dividend. The ex-dividend date of this dividend is Friday, January 5th. This is a positive change from Erie Indemnity’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a dividend yield of 2.81%. Erie Indemnity’s payout ratio is currently 77.86%.

Several research analysts recently commented on ERIE shares. BidaskClub cut Erie Indemnity from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised Erie Indemnity from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd.

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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.

Insider Buying and Selling by Quarter for Erie Indemnity (NASDAQ:ERIE)

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