Media headlines about Erie Indemnity (NASDAQ:ERIE) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Erie Indemnity earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.1666092867663 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, Zacks Investment Research upgraded shares of Erie Indemnity from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd.
Shares of Erie Indemnity (NASDAQ ERIE) traded down $0.15 on Friday, hitting $117.10. 27,288 shares of the stock were exchanged, compared to its average volume of 29,589. Erie Indemnity has a fifty-two week low of $106.91 and a fifty-two week high of $129.73. The firm has a market cap of $6,120.00, a price-to-earnings ratio of 29.13 and a beta of 0.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.92 and a quick ratio of 1.92.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Monday, January 8th will be paid a dividend of $0.84 per share. This is a positive change from Erie Indemnity’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a yield of 2.87%. The ex-dividend date is Friday, January 5th. Erie Indemnity’s dividend payout ratio (DPR) is currently 83.58%.
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About Erie Indemnity
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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