Erie Indemnity (ERIE) Director Luann Datesh Purchases 210 Shares
Erie Indemnity (NASDAQ:ERIE) Director Luann Datesh bought 210 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were acquired at an average cost of $119.87 per share, with a total value of $25,172.70. Following the completion of the transaction, the director now owns 410 shares in the company, valued at $49,146.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Luann Datesh also recently made the following trade(s):
- On Monday, December 18th, Luann Datesh acquired 200 shares of Erie Indemnity stock. The stock was purchased at an average cost of $118.70 per share, with a total value of $23,740.00.
Shares of Erie Indemnity (NASDAQ ERIE) traded up $0.93 on Friday, reaching $118.78. The company had a trading volume of 28,948 shares, compared to its average volume of 27,072. Erie Indemnity has a 52 week low of $106.63 and a 52 week high of $129.73. The stock has a market cap of $5,486.69, a price-to-earnings ratio of 30.07 and a beta of 0.44. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.09.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Friday, April 6th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, April 5th. Erie Indemnity’s dividend payout ratio (DPR) is currently 89.36%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in Erie Indemnity by 7.1% in 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 during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Erie Indemnity by 10.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 5,486 shares of the financial services provider’s stock worth $661,000 after acquiring an additional 516 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Erie Indemnity by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 197,777 shares of the financial services provider’s stock worth $24,098,000 after acquiring an additional 622 shares during the last quarter. Commerce Bank increased its holdings in Erie Indemnity by 8.1% in the 4th quarter. Commerce Bank now owns 9,250 shares of the financial services provider’s stock worth $1,127,000 after acquiring an additional 690 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in Erie Indemnity by 100.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,559 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 783 shares during the last quarter. 31.04% of the stock is owned by institutional investors.
Several brokerages recently weighed in on ERIE. BidaskClub raised Erie Indemnity from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research raised Erie Indemnity from a “hold” rating to a “strong-buy” rating and set a $131.00 price objective for the company in a report on Tuesday, February 27th.
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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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