Erie Indemnity (ERIE) Getting Somewhat Favorable News Coverage, Study Shows

Headlines about Erie Indemnity (NASDAQ:ERIE) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Erie Indemnity earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.6773110277 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have effected Accern’s rankings:

Shares of Erie Indemnity (NASDAQ:ERIE) traded up $1.01 during midday trading on Friday, hitting $112.73. 24,863 shares of the stock were exchanged, compared to its average volume of 28,265. The stock has a market capitalization of $5,950.00, a P/E ratio of 28.47 and a beta of 0.42. Erie Indemnity has a 1-year low of $106.62 and a 1-year high of $129.73. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.06.

Separately, BidaskClub upgraded shares of Erie Indemnity from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th.

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Erie Indemnity Company Profile

Erie Indemnity Company is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Company’s function is to perform certain services for the Exchange relating to the sales, underwriting and issuance of policies on behalf of the Exchange.

Insider Buying and Selling by Quarter for Erie Indemnity (NASDAQ:ERIE)

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