OxFORD Asset Management LLP increased its holdings in shares of Erie Indemnity Company (NASDAQ:ERIE) by 30.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,658 shares of the financial services provider’s stock after acquiring an additional 3,166 shares during the quarter. OxFORD Asset Management LLP’s holdings in Erie Indemnity were worth $1,649,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ERIE. The Manufacturers Life Insurance Company increased its position in Erie Indemnity by 7.1% during the second 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 during the period. SG Americas Securities LLC increased its position in Erie Indemnity by 17.7% during the second 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 during the period. Crossmark Global Holdings Inc. bought a new position in Erie Indemnity during the third quarter worth about $237,000. Teacher Retirement System of Texas increased its position in Erie Indemnity by 1.1% during the second 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 during the period. Finally, Pacer Advisors Inc. increased its position in Erie Indemnity by 16.4% during the second quarter. Pacer Advisors Inc. now owns 3,611 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 509 shares during the period. 30.91% of the stock is currently owned by institutional investors and hedge funds.

Erie Indemnity Company (NASDAQ:ERIE) opened at $118.10 on Friday. Erie Indemnity Company has a 1 year low of $106.91 and a 1 year high of $129.73. The company has a market cap of $5,454.92, a PE ratio of 29.38 and a beta of 0.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.92 and a current ratio of 1.92.

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, topping analysts’ consensus estimates of $1.11 by $0.01. Erie Indemnity had a net margin of 12.62% and a return on equity of 24.98%. The business had revenue of $442.49 million for the quarter, compared to analyst estimates of $437.72 million. analysts anticipate that Erie Indemnity Company will post 3.9 EPS for the current year.

The company 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 $0.84 dividend. 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 2.85%. The ex-dividend date of this dividend is Friday, January 5th. Erie Indemnity’s dividend payout ratio (DPR) is currently 77.86%.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Erie Indemnity from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Erie Indemnity from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.

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

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