Shares of Erie Indemnity Company Class A (NASDAQ:ERIE) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Zacks has also assigned Erie Indemnity Company Class A an industry rank of 222 out of 255 based on the ratings given to its competitors.

A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Erie Indemnity Company Class A from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. Zacks Investment Research lowered shares of Erie Indemnity Company Class A from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 25th.

In other news, SVP Louis F. Colaizzo purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, May 29th. The shares were acquired at an average cost of $112.00 per share, for a total transaction of $112,000.00. Following the completion of the purchase, the senior vice president now directly owns 3,178 shares in the company, valued at approximately $355,936. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 46.84% of the company’s stock.

Several institutional investors have recently modified their holdings of ERIE. Victory Capital Management Inc. grew its position in Erie Indemnity Company Class A by 426.7% during the first quarter. Victory Capital Management Inc. now owns 102,764 shares of the financial services provider’s stock worth $12,089,000 after buying an additional 83,254 shares during the period. Schwab Charles Investment Management Inc. grew its position in Erie Indemnity Company Class A by 41.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 197,934 shares of the financial services provider’s stock worth $23,285,000 after buying an additional 57,944 shares during the period. Renaissance Technologies LLC grew its position in Erie Indemnity Company Class A by 12.8% during the second quarter. Renaissance Technologies LLC now owns 167,400 shares of the financial services provider’s stock worth $19,629,000 after buying an additional 19,000 shares during the period. BlackRock Inc. grew its position in Erie Indemnity Company Class A by 1.6% during the second quarter. BlackRock Inc. now owns 960,736 shares of the financial services provider’s stock worth $112,654,000 after buying an additional 15,037 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Erie Indemnity Company Class A by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 261,049 shares of the financial services provider’s stock worth $30,609,000 after buying an additional 10,782 shares during the period. Institutional investors and hedge funds own 31.08% of the company’s stock.

Shares of Erie Indemnity Company Class A stock traded up $0.44 on Tuesday, reaching $126.54. 13,884 shares of the stock were exchanged, compared to its average volume of 33,412. Erie Indemnity Company Class A has a 1-year low of $106.63 and a 1-year high of $128.90. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 32.04 and a beta of 0.47.

Erie Indemnity Company Class A (NASDAQ:ERIE) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.12. Erie Indemnity Company Class A had a net margin of 11.59% and a return on equity of 28.52%. The business had revenue of $621.46 million for the quarter, compared to analyst estimates of $471.02 million. equities research analysts anticipate that Erie Indemnity Company Class A will post 4.91 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 23rd. Stockholders of record on Tuesday, October 9th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, October 8th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.66%. Erie Indemnity Company Class A’s dividend payout ratio (DPR) is 85.06%.

About Erie Indemnity Company Class A

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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