Rhumbline Advisers trimmed its holdings in shares of Erie Indemnity Company (NASDAQ:ERIE) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,482 shares of the financial services provider’s stock after selling 6,403 shares during the period. Rhumbline Advisers owned about 0.13% of Erie Indemnity worth $7,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ERIE. JPMorgan Chase & Co. grew its holdings in Erie Indemnity by 28.2% during the 1st quarter. JPMorgan Chase & Co. now owns 1,092 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 240 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Erie Indemnity by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,369 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 91 shares in the last quarter. SG Americas Securities LLC grew its holdings in Erie Indemnity by 17.7% during the 2nd quarter. SG Americas Securities LLC now owns 1,741 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 262 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Erie Indemnity during the 3rd quarter worth about $237,000. Finally, Teacher Retirement System of Texas grew its holdings in Erie Indemnity by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 2,023 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 30.90% of the company’s stock.

Several research analysts have issued reports 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.

Erie Indemnity Company (NASDAQ:ERIE) opened at $123.78 on Thursday. 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 Company has a 1-year low of $106.32 and a 1-year high of $129.73. The stock has a market cap of $5,681.26, a PE ratio of 30.60 and a beta of 0.45.

Erie Indemnity (NASDAQ:ERIE) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The business had revenue of $442.49 million during the quarter, compared to analyst estimates of $437.72 million. Erie Indemnity had a net margin of 12.62% and a return on equity of 24.98%. equities analysts anticipate that Erie Indemnity Company will post 3.9 earnings per share for the current year.

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Erie Indemnity 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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Institutional Ownership by Quarter for Erie Indemnity (NASDAQ:ERIE)

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