Erie Indemnity Company (ERIE): Look at its Technical Analysis

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Erie Indemnity Company (NASDAQ:ERIE) changes shares on Tuesday trading session, with a change of -0.56% or -$1.2 shares. The trading starts at $212.80 and closed at $214.78 throughout the day. The trading session low price was $212.37 and day high was $216.00 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 46158.0 while its average volume is 72.58K. In other hand, the ERIE market cap reached to $9.82B.

On May 7, 2020, BRIEF-Erie Indemnity Q1 Earnings Per Share $1.13. According to the news reported on Reuters, * ERIE INDEMNITY-DID NOT EXPERIENCE SIGNIFICANT FINANCIAL IMPACTS ON CORE BUSINESSES OF POLICY ISSUANCE, RENEWAL SERVICES, ADMINISTRATIVE SERVICES IN Q1

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.18% and up 12.04% for month. Its quarterly performance was 18.48% above, while its half year performance is up 29.54%. ERIE yearly performance stood at positive 0.27% and rise 28.66% for year-to-date. Current recommendation for Erie Indemnity Company is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ERIE EPS (TTM) for 12-month is 5.15. EPS for this year is 9.90%, while for the next year its value is 6.00. Sales growth for the current quarter is 4.15 while its EPS Q/Q reached -6.60%. It has an EPS of 13.70% up for past five years and for the next five years will be up 10.00%.

PNC Financial Services Group, Inc., Vanguard Group, Inc. (The) and Blackrock Inc. are the top three holders in Erie Indemnity Company (ERIE) stock. On Mar 30, 2020, PNC Financial Services Group, Inc. has 4.8 million shares which valued 711.88 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 2.71 million shares which valued at 401.26 million. On Mar 30, 2020, Blackrock Inc. has a total of 1.69 million shares which valued at 250.71 million. In the end, Blackrock Inc. have 3.66% shares outstanding of Erie Indemnity Company (ERIE) on Mar 30, 2020. The insider ownership moved to 0.80% and institutional holding shifted to 35.60%.

The company posted an EPS (TTM) of 5.15. According to the most recent quarter report on (Sep 2020), 1 analysts estimated an average EPS of 1.65, while 1.8 EPS posted a year ago period. Analyst Estimated EPS for ERIE published in the report was $1.65 – $1.65 during the same period. Comparing with last year, the average estimated EPS was 1.8 which is higher than 1.57 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ERIE rise 22.62% for period of 200 days. SMA for 50 days was 11.95% which is showing green signal, while SMA-20 was 5.31%. The moving average value for Erie Indemnity Company (ERIE) is 174.61 and 196.51 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ERIE stock. On Mar 25, CONNELL EUGENE C, Director, bought 275 trading shares at the cost of $139.82, which valued at 38451.0. On Mar 12, Vorsheck Elizabeth A, Director, bought 200 shares at the cost of $135.00, with total shares of 69,716. On Sep 17, BORNEMAN J RALPH JR, Director, sold 20,000 shares at the cost of 210.00. After this transaction, BORNEMAN J RALPH JR total shares reached to 20,000 which valued at 4.2 million.