Sei Investments Co. Acquires 6,116 Shares of Erie Indemnity Company Class A (ERIE)

Sei Investments Co. raised its holdings in Erie Indemnity Company Class A (NASDAQ:ERIE) by 13.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,391 shares of the financial services provider’s stock after buying an additional 6,116 shares during the period. Sei Investments Co. owned approximately 0.11% of Erie Indemnity Company Class A worth $6,046,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ERIE. Victory Capital Management Inc. boosted its position in Erie Indemnity Company Class A by 426.7% in the 1st quarter. Victory Capital Management Inc. now owns 102,764 shares of the financial services provider’s stock valued at $12,089,000 after buying an additional 83,254 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Erie Indemnity Company Class A by 41.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 197,934 shares of the financial services provider’s stock valued at $23,285,000 after buying an additional 57,944 shares during the period. First Trust Advisors LP boosted its position in Erie Indemnity Company Class A by 8.6% in the 4th quarter. First Trust Advisors LP now owns 187,538 shares of the financial services provider’s stock valued at $22,850,000 after buying an additional 14,924 shares during the period. GWM Advisors LLC boosted its position in Erie Indemnity Company Class A by 22.5% in the 1st quarter. GWM Advisors LLC now owns 53,935 shares of the financial services provider’s stock valued at $6,188,000 after buying an additional 9,917 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Erie Indemnity Company Class A during the 4th quarter worth $914,000. 31.21% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Erie Indemnity Company Class A from a “sell” rating to a “hold” rating in a research report on Thursday, April 26th. Zacks Investment Research cut shares of Erie Indemnity Company Class A from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 25th.

In other news, SVP Louis F. Colaizzo acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The stock was acquired at an average cost of $112.00 per share, with a total value of $112,000.00. Following the transaction, the senior vice president now owns 3,178 shares in the company, valued at $355,936. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have bought 1,299 shares of company stock valued at $146,723. Corporate insiders own 46.84% of the company’s stock.

Erie Indemnity Company Class A opened at $118.47 on Thursday, MarketBeat reports. The firm has a market cap of $5.49 billion, a PE ratio of 29.99 and a beta of 0.41. Erie Indemnity Company Class A has a 12-month low of $106.63 and a 12-month high of $129.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.73 and a quick ratio of 1.73.

Erie Indemnity Company Class A (NASDAQ:ERIE) last released its quarterly earnings data on Thursday, April 26th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The business had revenue of $572.16 million during the quarter, compared to analysts’ expectations of $417.46 million. Erie Indemnity Company Class A had a net margin of 11.52% and a return on equity of 26.27%. sell-side analysts forecast that Erie Indemnity Company Class A will post 4.91 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, July 6th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $3.36 annualized dividend and a dividend yield of 2.84%. Erie Indemnity Company Class A’s dividend payout ratio (DPR) is currently 85.06%.

Erie Indemnity Company Class A Company 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.

Want to see what other hedge funds are holding ERIE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Erie Indemnity Company Class A (NASDAQ:ERIE).

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

Receive News & Ratings for Erie Indemnity Company Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Erie Indemnity Company Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply