Erie Indemnity (NASDAQ:ERIE) Director Luann Datesh bought 210 shares of Erie Indemnity stock in a transaction that occurred on Friday, March 9th. The stock was purchased at an average cost of $119.87 per share, for a total transaction of $25,172.70. Following the acquisition, the director now owns 410 shares of the company’s stock, valued at $49,146.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Luann Datesh also recently made the following trade(s):
- On Monday, December 18th, Luann Datesh acquired 200 shares of Erie Indemnity stock. The shares were bought at an average cost of $118.70 per share, for a total transaction of $23,740.00.
Shares of Erie Indemnity (NASDAQ ERIE) traded up $0.74 during midday trading on Friday, hitting $119.87. 293,674 shares of the company’s stock traded hands, compared to its average volume of 35,261. Erie Indemnity has a 52 week low of $106.63 and a 52 week high of $129.73. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.09. The stock has a market cap of $5,517.17, a price-to-earnings ratio of 30.24 and a beta of 0.44.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 6th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, April 5th. Erie Indemnity’s payout ratio is 89.36%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in shares of Erie Indemnity during the 4th quarter valued at about $161,000. The Manufacturers Life Insurance Company increased its stake in shares of 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 valued at $171,000 after acquiring an additional 91 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Erie Indemnity by 100.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,559 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 783 shares during the last quarter. Keybank National Association OH acquired a new position in shares of Erie Indemnity during the 4th quarter valued at about $201,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Erie Indemnity during the 4th quarter valued at about $231,000. 31.04% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on ERIE shares. Zacks Investment Research upgraded shares of Erie Indemnity from a “hold” rating to a “strong-buy” rating and set a $131.00 price objective on the stock in a research report on Tuesday, February 27th. BidaskClub upgraded shares of Erie Indemnity from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th.
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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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