Erie Indemnity (NASDAQ:ERIE) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Shares of Erie Indemnity (NASDAQ ERIE) opened at $113.92 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.92 and a quick ratio of 1.92. Erie Indemnity has a 1 year low of $106.63 and a 1 year high of $129.73. The company has a market cap of $5,204.58, a P/E ratio of 28.34 and a beta of 0.42.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Erie Indemnity by 0.5% in the 4th quarter. BlackRock Inc. now owns 947,391 shares of the financial services provider’s stock worth $115,430,000 after purchasing an additional 4,936 shares during the period. State Street Corp grew its position in shares of Erie Indemnity by 3.9% during the 2nd quarter. State Street Corp now owns 358,213 shares of the financial services provider’s stock valued at $44,808,000 after acquiring an additional 13,608 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Erie Indemnity by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 248,060 shares of the financial services provider’s stock valued at $29,907,000 after acquiring an additional 1,876 shares during the period. New York State Common Retirement Fund grew its position in shares of Erie Indemnity by 8.1% during the 3rd quarter. New York State Common Retirement Fund now owns 206,114 shares of the financial services provider’s stock valued at $24,851,000 after acquiring an additional 15,506 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Erie Indemnity by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 197,777 shares of the financial services provider’s stock valued at $24,098,000 after acquiring an additional 622 shares during the period. 31.18% of the stock is owned by institutional investors and hedge funds.

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About Erie Indemnity

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.

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