Erie Indemnity Aggregation (NASDAQ:ERIE):
Erie Indemnity to host third division 2017 appointment alarm and webcast.
In the bazaar the aggregation is trading up from yesterday’s abutting of 118.73.
Additionally Erie Indemnity Aggregation declared a allotment for shareholders to be paid on Friday the 20th of October 2017. The allotment will be $0.783 per allotment for the division or $3.13 annualized. This allotment represents a crop of $2.64 which is the allotment as a allotment of the accepted allotment price. The ex-dividend date will be Wednesday the 4th of October 2017.
Erie Indemnity Company, launched on April 17, 1925, is a administration company. The Aggregation serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Allowance Exchange (Exchange). The Exchange is a alternate insurer that writes acreage and blow insurance. The Business’s action is to accomplish assertive casework for the Exchange apropos to the sales, underwriting and arising of behavior on account of the Exchange. The sales accompanying casework the Aggregation provides accommodate abettor compensation, and assertive sales and announcement abutment services. Abettor advantage includes appointed commissions to agents based aloft premiums written, as able-bodied as added commissions and bonuses to agents. The Exchange subsidiaries accommodate Erie Allowance Company, Erie Allowance Aggregation of New York, Erie Allowance Acreage and Blow Company, Flagship City Allowance Aggregation and Erie Family Life Allowance Aggregation (EFL)..
Shares of the aggregation are trading at $119.20 hardly beneath the 50 day affective boilerplate of $119.44 and a tad beneath the 200 day affective boilerplate of $121.29. The 50 day affective boilerplate was bottomward by -0.21% admitting the 200 day affective boilerplate was bottomward $-2.09 or -1.72%.
Erie Indemnity Company’s P/E arrangement is 29.80 and the bazaar cap is 5.51B. In the latest balance address the EPS was $4.00 and is estimated to be $3.95 for the accepted year with 46,189,000 shares outstanding. Analysts apprehend abutting quarter’s EPS to be $0.76 with abutting year’s EPS projected to be $4.09.
Traders are activity added bearish on the aggregation afresh if you booty agenda of the motion in abbreviate interest. The close had a acceleration in abbreviate absorption from August 31, 2017 to September 15, 2017 of 4.20%. Abbreviate absorption grew from 273,284 to 284,767 over that period. The canicule to awning decreased to 7.0 and the allotment of shorted shares was 0.95% on September 15.
Erie Life Insurance
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