Symmetry Partners LLC decreased its holdings in Erie Indemnity (NASDAQ:ERIE) by 5.9% in the third quarter, HoldingsChannel.com reports. The firm owned 2,103 shares of the financial services provider’s stock after selling 131 shares during the quarter. Symmetry Partners LLC’s holdings in Erie Indemnity were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Erie Indemnity by 65.8% during the second quarter. BlackRock Inc. now owns 1,662,853 shares of the financial services provider’s stock valued at $422,831,000 after acquiring an additional 660,031 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Erie Indemnity by 606.6% in the second quarter. Wells Fargo & Company MN now owns 218,089 shares of the financial services provider’s stock valued at $55,456,000 after purchasing an additional 187,223 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Erie Indemnity in the second quarter valued at approximately $35,854,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Erie Indemnity in the second quarter valued at approximately $30,135,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Erie Indemnity by 109.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 178,140 shares of the financial services provider’s stock valued at $45,296,000 after purchasing an additional 93,171 shares during the last quarter. 34.75% of the stock is owned by institutional investors.

In related news, Director J Ralph Borneman, Jr. sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $210.00, for a total value of $4,200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 46.87% of the company’s stock.

ERIE has been the subject of several recent research reports. BidaskClub cut Erie Indemnity from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. ValuEngine lowered Erie Indemnity from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, Zacks Investment Research upgraded Erie Indemnity from a “hold” rating to a “buy” rating and set a $209.00 price objective for the company in a research report on Thursday, October 31st.

Erie Indemnity stock traded up $3.56 during mid-day trading on Friday, hitting $179.79. The company’s stock had a trading volume of 6,484 shares, compared to its average volume of 134,069. The firm has a market capitalization of $8.40 billion, a PE ratio of 32.77 and a beta of 0.43. Erie Indemnity has a 1 year low of $123.94 and a 1 year high of $270.23. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $184.75 and its two-hundred day moving average is $214.49.

Erie Indemnity (NASDAQ:ERIE) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.12. The company had revenue of $638.74 million during the quarter, compared to analyst estimates of $639.70 million. Erie Indemnity had a return on equity of 30.65% and a net margin of 13.01%. On average, equities analysts expect that Erie Indemnity will post 6.22 EPS for the current fiscal year.

Erie Indemnity Profile

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. Its sales related services include agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing, as well as provides administrative support, information technology, and customer services.

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

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