What Makes Erie Indemnity ERIE a Good Fit for ‘Trend Investing’ September 13, 2023

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This indicates that the brokerage community is highly optimistic about the stock’s near-term price performance. There are several stocks that passed through the screen and Erie Indemnity (ERIE Quick QuoteERIE – Free Report) is one of them. Here are the key reasons why this stock is a solid choice for “trend” investing. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

Erie Indemnity’s stock is owned by a number of retail and institutional investors. Insiders that own company stock include Marc Cipriani and Thomas B Hagen. View stock charts, dividend history, key ratios, earnings estimates and an analyst list.

Information for Investors

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

It covers policies in auto and leisure, home and property, life, and business insurance. The company was founded by Henry Orth Hirt and Ollie Grover Crawford on April 4, 1925, and is headquartered in Erie, PA. Build conviction from in-depth coverage of the best dividend stocks. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. Another factor that confirms the company’s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy).

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business. Our Quantitative Research team models direct competitors or comparable companies
from a bottom-up perspective to find companies describing their business in a
similar fashion. © Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. The Gap, Campbell Soup Company and Bristol-Myers, among companies going ex-dividend next week. See Best Financial Dividend Stocks Model Portfolio for our top income & growth blend ideas in Financial. See Best Dividend Stocks Model Portfolio for our top income & growth blend ideas.

Key Stock Data

The company operates exclusively in the United States. Schedule monthly income from dividend stocks with a monthly payment frequency. Our “Recent Price Strength” screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard.

• See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas.
• One share of ERIE stock can currently be purchased for approximately $288.67.
• That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
• We’d like to share more about how we work and what drives our day-to-day business.
• So, it’s important to ensure that there are enough factors — such as sound fundamentals, positive earnings estimate revisions, etc. — that could keep the momentum in the stock going.

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. 88 employees have rated Erie Indemnity Chief Executive Officer Timothy G. NeCastro on Glassdoor.com. Timothy G. NeCastro has an approval rating of 96% among the company’s employees. This puts Timothy G. NeCastro in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Read our current annual report or access reports from past years.

Research & Ratings Erie Indemnity Co. Cl A(ERIE)

This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. Erie Indemnity announced a quarterly dividend on Tuesday, July 25th. Stockholders of record on Thursday, October 5th will be paid a dividend of $1.19 per share on Friday, October 20th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 4th.

• Dividend capture strategy is based on ERIE’s historical data.
• High-growth stocks tend to represent the technology, healthcare, and communications sectors.
• Compare
  ERIE’s historical performance
  against its industry peers and the overall market.
• These returns cover a period from January 1, 1988 through July 31, 2023.
• The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

Customized to investor preferences for risk tolerance and income vs returns mix. In addition to ERIE, there are several other stocks that currently pass through our “Recent Price Strength” screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

Erie Indemnity Hikes Dividend 7% Amid Ongoing Growth

A price increase of 1% over the past four weeks ensures that the trend is still in place for the stock of this insurance company. Often, the direction of a stock’s price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it’s important to ensure that there are enough factors — such as sound fundamentals, positive earnings estimate revisions, etc. — that could keep the momentum in the stock going. Erie Indemnity saw a decline in short interest in the month of August.

Data may be intentionally delayed pursuant to supplier requirements. Compare
ERIE’s historical performance
against its industry peers and the overall market. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. (“Mergent”) Copyright © 2014. Reproduction of such information in any form is prohibited. All stock quotes on this website should be considered as having a 24-hour delay.

ERIE’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of functions of financial intermediaries the overall market. Following is a snapshot of the 13 major stocks that increased dividends for… Dividend capture strategy is based on ERIE’s historical data.

Use these ten stocks to generate a safe and reliable source of investment income. Best is a respected provider of financial ratings for insurance organizations. Such rating refers only to the overall financial status and is not a recommendation of the company. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

Erie Indemnity Company’s Stock Transfer Agent is Broadridge Corporate Issuer Solutions, Inc.  Broadridge manages and maintains records of Indemnity stock owned by shareholders of record. If you own shares through a bank or in a brokerage account, you are considered a beneficial owner and will need to contact your bank or broker directly for information regarding your shares. Review a summary of the earnings estimates from our analysts.

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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend.

Learn from industry thought leaders and expert market participants. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend.

See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard.

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ERIE is quite a good fit in this regard, gaining 36.5% over this period. When it comes to short-term investing or trading, they say “the trend is your friend.” https://1investing.in/ And there’s no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.

So, the price trend in ERIE may not reverse anytime soon. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023. Sign-up to receive the latest news and ratings for Erie Indemnity and its competitors with MarketBeat’s FREE daily newsletter.