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

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Deadly floods in Southern California have caused at least three deaths, widespread destruction, and a state of emergency. The floods have exacerbated the insurance crisis in the state, with insurers like Allstate Corp, State Farm, and Kemper Corp reducing their presence due to high costs from natural disasters. Despite the crisis, insurance stock prices and ETFs like SPDR S&P Insurance ETF, iShares US Insurance ETF, and Invesco KBW Property & Casualty Insurance ETF have shown minimal impact.

Portfolio Pulse from Natan Ponieman

February 06, 2024 | 9:10 pm

Erie Indemnity (NASDAQ:ERIE) is distributing a dividend of $1.27 per share today, with an annualized yield of 1.67%. Shareholders eligible for the dividend owned the stock before the ex-dividend date of January 5, 2024. The company has shown a positive trend in dividend growth from $4.21 in 2021 to $4.84 in 2023, and earnings per share growth from $5.55 to $7.66 over the same period. This suggests a strong financial position and potential to sustain dividends. Fidelity National Finl (NYSE:FNF) has the highest annualized dividend yield among peers at 3.85%.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 3:05 pm

Erie Indemnity (NASDAQ:ERIE) has declared a quarterly dividend of $1.275 per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday's session will be eligible for the dividend, which will be paid on January 23, 2024. The stock is expected to open $1.275 lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 2:45 pm

Erie Indemnity Company (NASDAQ:ERIE) has maintained its management fee rate at 25% for Erie Insurance Exchange and increased its quarterly cash dividend from $1.19 to $1.275 per Class A share and from $178.50 to $191.25 per Class B share, effective January 1, 2024. The next dividend is payable on January 23, 2024, to shareholders of record as of January 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:42 pm

During Friday's intraday session, insurance stocks saw significant movement. Gainers included Reliance Global Group (RELI), Kingstone Companies (KINS), Global Indemnity Group (GBLI), GoHealth (GOCO), SelectQuote (SLQT), and Abacus Life (ABL). Losers included Hallmark Financial Servs (HALL), Root (ROOT), Erie Indemnity (ERIE), Kingsway Financial Servs (KFS), Aon (AON), and United Fire Gr (UFCS).

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 5:40 pm

Erie Indemnity has reported its Q3 financial results, following which its shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:04 pm

Erie Indemnity reported Q3 earnings of $2.51 per share, beating the analyst consensus estimate of $2.06 by 21.84%. This is a 55.9% increase from the same period last year. The company also reported quarterly sales of $858.94 million, beating the analyst consensus estimate of $830.02 million by 3.48%. This is a 15.88% increase from the same period last year.

Portfolio Pulse from Happy Mohamed

October 26, 2023 | 8:27 pm

Erie Indemnity (NASDAQ:ERIE) has announced a quarterly dividend of $1.19 per share. The stock will go ex-dividend on Wednesday, meaning it will likely open $1.19 lower than usual. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 20, 2023.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 2:46 pm

Major US stock indices, monitored through ETFs SPY, DIA, QQQ, and IWM, are set to end the month with losses, marking the first month of losses after a 5-month winning streak. However, some industry ETFs like XOP, KIE, and IBB managed to achieve positive performance in August 2023. On the other hand, PBW, TAN, JETS, KRE, and GDX were among the worst-performing ETFs.

Portfolio Pulse from Piero Cingari

August 31, 2023 | 4:49 pm

The article lists five financial stocks that are considered overbought and may be worth selling this quarter. These include First Northwest Bancorp (FNWB), UBS Group AG (UBS), Riverview Bancorp, Inc. (RVSB), Barings BDC, Inc. (BBDC), and Erie Indemnity Company (ERIE). The Relative Strength Index (RSI) of these stocks is above 70, indicating they may be overvalued.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 12:02 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.