Argus raises Erie Indemnity stock target to USD 246.00
Published on 10/17/2026 at 21:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly revenue
- Argus raised its Erie Indemnity target to USD 246.00 on October 7, 2026.
- Revenue rose 2.80 percent to USD 1.09 billion in the June quarter.
- Erie Indemnity stock stood at USD 243.71 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 2.10 percent on the day.
- The company traded at a 22.20 price-to-earnings ratio and a USD 11.3 billion market capitalization on October 16, 2026.
Argus raised its price target for Erie Indemnity from an earlier level to USD 246.00 on October 7, 2026, according to Yahoo Finance. At USD 243.71, the target stood 0.94 percent above the Nasdaq price on October 16, 2026. The stock gained 2.10 percent that session.
Revenue reached USD 1.09 billion
Erie Indemnity reported revenue of USD 1.09 billion for the second quarter of 2026, up 2.80 percent from the year-earlier quarter, according to Simply Wall St. The comparison gives the current valuation a concrete operating reference, while the latest quarter also included USD 180.29 million in net income and diluted earnings per share of USD 3.45.
The stock stays below its yearly high
On October 16, 2026, Erie Indemnity traded between USD 237.85 and USD 244.01 on Nasdaq. Its USD 243.71 price was 26.27 percent below the 52-week high of USD 330.54 and 19.10 percent above the USD 204.63 low. The one-year performance stood at minus 27.70 percent.
Valuation and upcoming dates
Erie Indemnity had a market capitalization of USD 11.3 billion and a price-to-earnings ratio of 22.20 on October 16, 2026. Its trailing dividend yield was 2.00 percent. A pre-recorded investor webcast was scheduled for October 30, 2026, at 10:00 a.m. ET, according to Market Chameleon.
Comparison with peers
Erie Indemnity: plus 2.10 percent, P/E 22.20, market capitalization USD 11.3 billion.
Progressive (NYSE, USD): plus 2.22 percent, P/E 11.00, market capitalization USD 127.0 billion.
Travelers (NYSE, USD): plus 1.47 percent, P/E 10.21, market capitalization USD 81.2 billion.
Nasdaq price closes the week
Erie Indemnity last stood at USD 243.71 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, up 2.10 percent on the day. The further course of trading is shown by the continuously updated real-time quote of Erie Indemnity stock.
Erie Indemnity stock at a glance
- Company: Erie Indemnity Company
- ISIN: US29530P1021
- Ticker: ERIE
- Primary exchange: Nasdaq
- Price Nasdaq (as of October 16, 2026, 4:00 p.m. ET): USD 243.71
- Change on Nasdaq: plus 2.10 percent on October 16, 2026
- Market capitalization: USD 11.3 billion (as of October 16, 2026)
- 52-week range: USD 204.63-330.54 (as of October 16, 2026)
- Sector / Industry: Financial Services / Insurance - Property and Casualty
- Dividend yield: 2.00 percent (as of October 16, 2026)
Market context: Market report Nasdaq Composite.
