Erie Indemnity (ERIE) Earns Media Impact Rating of 0.21
News stories about Erie Indemnity (NASDAQ:ERIE) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of 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 news stories about the financial services provider an impact score of 46.1839365631657 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 news stories that may have effected Accern Sentiment Analysis’s analysis:
- Erie Indemnity Company (ERIE) Director Purchases $23,740.00 in Stock (americanbankingnews.com)
- Comparing Heritage Insurance (HRTG) & Erie Indemnity (ERIE) (americanbankingnews.com)
- RSI Alert: Erie Indemnity (ERIE) Now Oversold (nasdaq.com)
- Fourth Department – Discovery: Celani v. Allstate Indemnity Company (nydailyrecord.com)
- Erie Indemnity Boosts Shareholders’ Value With Dividend Hike (finance.yahoo.com)
Shares of Erie Indemnity (NASDAQ ERIE) traded down $0.28 during midday trading on Monday, reaching $117.82. 25,904 shares of the company were exchanged, compared to its average volume of 29,958. The company has a market cap of $5,454.92, a price-to-earnings ratio of 29.38 and a beta of 0.47. Erie Indemnity has a 1-year low of $106.91 and a 1-year high of $129.73. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.
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 issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.85%. 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. Erie Indemnity’s dividend payout ratio (DPR) is 77.86%.
A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Erie Indemnity from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research upgraded shares of 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.
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