Janus Henderson Group PLC lifted its stake in shares of Erie Indemnity Company (NASDAQ:ERIE) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,510 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the quarter. Janus Henderson Group PLC owned about 0.19% of Erie Indemnity worth $10,672,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake 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 valued at $171,000 after purchasing an additional 91 shares during the period. SG Americas Securities LLC boosted its stake 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 valued at $218,000 after purchasing an additional 262 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Erie Indemnity during the 3rd quarter valued at approximately $237,000. Teacher Retirement System of Texas boosted its stake 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 valued at $253,000 after purchasing an additional 22 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Erie Indemnity by 16.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,611 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 509 shares during the period. Institutional investors own 30.90% of the company’s stock.

Shares of Erie Indemnity Company (NASDAQ ERIE) opened at $119.56 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.06. Erie Indemnity Company has a 52-week low of $106.91 and a 52-week high of $129.73. The company has a market capitalization of $5,522.37, a P/E ratio of 29.74 and a beta of 0.47.

Erie Indemnity (NASDAQ:ERIE) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. Erie Indemnity had a return on equity of 24.98% and a net margin of 12.62%. The company had revenue of $442.49 million during the quarter, compared to the consensus estimate of $437.72 million. sell-side analysts expect that Erie Indemnity Company will post 3.9 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Monday, January 8th will be issued a $0.84 dividend. The ex-dividend date is Friday, January 5th. This is a boost from Erie Indemnity’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.81%. Erie Indemnity’s dividend payout ratio is presently 77.86%.

Separately, Zacks Investment Research upgraded Erie Indemnity from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd.

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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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