Streetbeat News

ERIE

Erie Indemnity Company

https://www.erieinsurance.com

Industry

Insurance - Brokers

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, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.

Open

420.93

Mkt cap

20B

Volume

143K

High

426.54

P/E Ratio

39.72

52-wk high

547.00

Low

417.35

Div yield

0.01

52-wk low

282.27

The article discusses the worst-performing S&P 500 stocks during Biden's first year in office and speculates on potential trends if Kamala Harris wins the 2024 election. It highlights the underperformance of financials and casino stocks in 2021 and suggests these sectors might continue to struggle under Democratic leadership.

Portfolio Pulse from Chris Katje

November 02, 2024 | 12:58 pm

Erie Indemnity shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 2:56 pm

Erie Indemnity reported Q3 2024 earnings per share of $3.06, surpassing the analyst estimate of $2.99. The company's sales reached $999.886 million, exceeding the expected $985.103 million and marking a 16.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:16 pm

The article highlights significant options activity in the financial sector, with whale alerts indicating potential trading opportunities. Notable options trades include bearish puts for COIN, GS, and GPN, and bullish calls for LC, SCHW, and HOOD.

Portfolio Pulse from Benzinga Insights

October 23, 2024 | 5:35 pm

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Portfolio Pulse from Lekha Gupta

October 20, 2024 | 8:04 pm

The article highlights unusual options activity for several financial stocks, indicating potential trading opportunities. Notable mentions include bearish sentiment for SOFI, WFC, AFRM, GS, ERIE, and BLK, while AIG, COIN, MS, and C show bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 5:35 pm

Spruce Point Management has issued a report stating a short position on Erie Indemnity Company's shares, suggesting potential negative sentiment towards the company's stock.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 1:03 pm

Insurance companies' shares are declining as Hurricane Milton, a Category 5 storm, approaches Florida, which is still recovering from Hurricane Helene.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:33 pm

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Portfolio Pulse from Shanthi Rexaline

September 23, 2024 | 11:03 am

Dell Technologies will be added to the S&P 500 Index, replacing Etsy. This inclusion is expected to boost Dell's stock due to increased trading volume and liquidity. Despite recent declines, analysts generally rate Dell as 'Outperform'.

Portfolio Pulse from Erica Kollmann

September 09, 2024 | 2:07 pm

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