Lighthouse Financial Advisors Inc. bought a new position in Erie Indemnity (NASDAQ:ERIE) in the fourth quarter, Holdings Channel reports. The firm bought 492 shares of the financial services provider’s stock, valued at approximately $81,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted 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 worth $422,831,000 after purchasing an additional 660,031 shares during the period. State Street Corp boosted its holdings in shares of Erie Indemnity by 1.7% during the 4th quarter. State Street Corp now owns 765,623 shares of the financial services provider’s stock valued at $127,093,000 after acquiring an additional 12,489 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Erie Indemnity by 17.6% during the 4th quarter. First Trust Advisors LP now owns 353,536 shares of the financial services provider’s stock valued at $58,687,000 after acquiring an additional 52,857 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Erie Indemnity by 12.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 200,819 shares of the financial services provider’s stock worth $37,284,000 after acquiring an additional 22,679 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Erie Indemnity by 1.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 120,340 shares of the financial services provider’s stock worth $22,341,000 after acquiring an additional 1,828 shares during the period. 36.29% of the stock is owned by institutional investors and hedge funds.

NASDAQ ERIE opened at $162.10 on Friday. Erie Indemnity has a 52 week low of $159.70 and a 52 week high of $270.23. The firm has a market capitalization of $7.50 billion, a P/E ratio of 26.53 and a beta of 0.35. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $166.20 and a 200-day moving average price of $185.98.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Tuesday, January 7th were paid a dividend of $0.965 per share. This represents a $3.86 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Monday, January 6th. This is a boost from Erie Indemnity’s previous quarterly dividend of $0.90. Erie Indemnity’s dividend payout ratio (DPR) is currently 70.05%.

Several research firms have recently weighed in on ERIE. ValuEngine raised shares of Erie Indemnity from a “sell” rating to a “hold” rating in a report on Friday, January 31st. BidaskClub cut shares of Erie Indemnity from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 4th. Finally, Zacks Investment Research downgraded shares of Erie Indemnity from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th.

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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