Erie Indemnity (ERIE) Getting Somewhat Favorable Media Coverage, Analysis Finds
News articles about Erie Indemnity (NASDAQ:ERIE) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Erie Indemnity earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.4847307901449 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Fourth Department – Discovery: Celani v. Allstate Indemnity Company (nydailyrecord.com)
- Erie Indemnity Boosts Shareholders’ Value With Dividend Hike (finance.yahoo.com)
- Erie Indemnity Boosts Shareholders' Value With Dividend Hike (finance.yahoo.com)
- Analysts Expect Erie Indemnity Company (ERIE) to Announce $0.76 EPS (americanbankingnews.com)
- Erie Indemnity (ERIE) Raises Quarterly Dividend 7.3% to $0.84, 2.8% Yield; Announces Management Fee Increase (streetinsider.com)
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Erie Indemnity from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub cut shares of Erie Indemnity from a “hold” rating to a “sell” rating in a report on Friday, August 25th.
Shares of Erie Indemnity (NASDAQ ERIE) traded down $1.44 during trading on Thursday, reaching $116.09. 38,325 shares of the company’s stock traded hands, compared to its average volume of 29,865. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06. Erie Indemnity has a one year low of $106.91 and a one year high of $129.73. The company has a market cap of $6,120.00, a PE ratio of 29.89 and a beta of 0.47.
Erie Indemnity (NASDAQ:ERIE) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. Erie Indemnity had a net margin of 12.62% and a return on equity of 24.98%. The company had revenue of $442.49 million for the quarter, compared to analysts’ expectations of $437.72 million. research analysts predict that Erie Indemnity will post 3.9 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Monday, January 8th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.89%. This is a boost from Erie Indemnity’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, January 5th. Erie Indemnity’s dividend payout ratio is presently 77.86%.
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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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