5 Best 52-Week Low Stocks to Buy Now

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1. Erie Indemnity Company (NASDAQ: ERIE)

Number of Hedge Fund Holders: 12
Price as of August 1, 2021: $184.89

Erie Indemnity Company (NASDAQ: ERIE) is ranked first on our list of 10 best 52-week low stocks to buy now. The stock has declined in value by 12% over the course of the past twelve months. The firm operates in the property and casualty insurance sector and is based in Pennsylvania. It has a market cap of over $8 billion and posted more than $2.5 billion in revenue last year. Some of the services it provides include sales, underwriting, policy issuance, and renewal services, among others, for policyholders. 

In earnings results for the second quarter, posted on July 29, Erie Indemnity Company (NASDAQ: ERIE) reported earnings per share of $1.51, in line with market predictions. The revenue over the period was more than $680 million, beating estimates by close to $13 million.

At the end of the first quarter of 2021, 12 hedge funds in the database of Insider Monkey held stakes worth $616 million in Erie Indemnity Company (NASDAQ: ERIE), up from 7 in the previous quarter worth $448 million.

You can also take a peek at 10 Stocks Reddit’s WallStreetBets is Buying in July 2021 and Top Robinhood Stocks Popular on Reddit.

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