What’s in Erie Indemnity Company – Class A (NASDAQ:ERIE) After Decline in Shorted Shares?

May 26, 2018 - By Adrian Mccoy

Erie Indemnity Company (NASDAQ:ERIE) Logo

Investors sentiment increased to 1.71 in Q4 2017. Its up 0.57, from 1.14 in 2017Q3. It improved, as 5 investors sold Erie Indemnity Company shares while 33 reduced holdings. 21 funds opened positions while 44 raised stakes. 14.27 million shares or 0.24% more from 14.23 million shares in 2017Q3 were reported.
Advsrs Asset Mngmt reported 0.03% in Erie Indemnity Company (NASDAQ:ERIE). Jefferies Group Limited Liability Company, a New York-based fund reported 4,515 shares. Amalgamated Commercial Bank reported 4,883 shares. Credit Suisse Ag, Switzerland-based fund reported 16,004 shares. 3,708 are held by Principal Group Inc. Martingale Asset Management Limited Partnership has invested 0.07% in Erie Indemnity Company (NASDAQ:ERIE). State Of Wisconsin Invest Board holds 0% of its portfolio in Erie Indemnity Company (NASDAQ:ERIE) for 5,088 shares. Savings Bank Of Ny Mellon has invested 0.01% in Erie Indemnity Company (NASDAQ:ERIE). Us Bancorp De holds 625 shares or 0% of its portfolio. The Missouri-based Natl Bank has invested 0.01% in Erie Indemnity Company (NASDAQ:ERIE). Price T Rowe Associates Md, a Maryland-based fund reported 53,458 shares. Blackrock Inc holds 0.01% in Erie Indemnity Company (NASDAQ:ERIE) or 947,391 shares. Meeder Asset Mngmt Incorporated holds 146 shares. The Ohio-based Huntington Natl Bank has invested 0.01% in Erie Indemnity Company (NASDAQ:ERIE). Proshare Advisors Ltd Liability Company holds 2,692 shares.

Since December 18, 2017, it had 7 buys, and 0 insider sales for $265,213 activity. Hudson Brian Arden Sr. bought $20,754 worth of stock or 180 shares. The insider Datesh LuAnn bought 210 shares worth $25,173.

The stock of Erie Indemnity Company – Class A (NASDAQ:ERIE) registered a decrease of 15.02% in short interest. ERIE’s total short interest was 117,700 shares in May as published by FINRA. Its down 15.02% from 138,500 shares, reported previously. With 23,300 shares average volume, it will take short sellers 5 days to cover their ERIE’s short positions. The short interest to Erie Indemnity Company – Class A’s float is 0.48%.

The stock increased 0.48% or $0.55 during the last trading session, reaching $114.15. About 21,154 shares traded. Erie Indemnity Company (NASDAQ:ERIE) has declined 6.61% since May 26, 2017 and is downtrending. It has underperformed by 18.16% the S&P500.

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company has market cap of $5.97 billion. The firm provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. It has a 30.36 P/E ratio. The Company’s 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.

More news for Erie Indemnity Company (NASDAQ:ERIE) were recently published by: Globenewswire.com, which released: “New Research Coverage Highlights Erie Indemnity, Merit Medical, Destination Maternity, Perry Ellis International …” on May 03, 2018. Seekingalpha.com‘s article titled: “Erie Indemnity’s (ERIE) CEO Tim NeCastro on Q1 2018 Results – Earnings Call Transcript” and published on April 27, 2018 is yet another important article.

Erie Indemnity Company (NASDAQ:ERIE) Institutional Positions Chart

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