Erie Indemnity Co (ERIE): George D Dufala , Executive Vice President of Erie Indemnity Co sold 12,950 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $99.30 per share for a total value of $1,285,723.12 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 1, 2016, John F Kearns (Executive Vice President) sold 3,990 shares at $98.75 per share price.On Jun 9, 2015, Robert C Iii Ingram (Executive VP & CIO) purchased 2,500 shares at $79.90 per share price.Also, On Jun 8, 2015, George D Dufala (Executive Vice President) purchased 250 shares at $80.64 per share price.
Erie Indemnity Company: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Erie Indemnity Company which led to swings in the share price. The shares opened for trading at $97.97 and hit $98.97 on the upside , eventually ending the session at $97.81, with a gain of 0.51% or 0.5 points. The heightened volatility saw the trading volume jump to 34,150 shares. The 52-week high of the share price is $101.8 and the company has a market cap of $4,518 M . The 52-week low of the share price is at $79.39.
Erie Indemnity Company (Indemnity) is engaged in managing attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Company operates in four segments including management operations property and casualty insurance operations life insurance operations and investment operations. Management operations generate internal management fee revenue which accrues to the Indemnity shareholder interest. The Property and casualty insurance operations generate revenue which accrues to the noncontrolling interest by insuring preferred and standard risks with personal lines and commercial lines. Life insurance operations generate revenue from the sale of individual and group life insurance policies and fixed annuities. Investment operations generate revenue from its fixed maturity equity security and limited partnership investment portfolios to support its underwriting business.