Erie Indemnity Stock Buy Hold or Sell Recommendation
| ERIE Stock | USD 381.56 1.10 0.29% |
Given the investment horizon of 90 days and complete risk avoidance on your part, our recommendation regarding Erie Indemnity is 'Cautious Hold'. Macroaxis provides Erie Indemnity buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ERIE positions. The advice algorithm takes into account all of Erie Indemnity's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Erie Indemnity's buy or sell advice are summarized below:
Real Value 272.91 | Target Price 115 | Hype Value 378.68 | Market Value 381.56 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Erie Indemnity given historical horizon and risk tolerance towards Erie Indemnity. When Macroaxis issues a 'buy' or 'sell' recommendation for Erie Indemnity, the advice is generated through an automated system that utilizes algorithms and statistical models.
Erie |
Execute Erie Indemnity Buy or Sell Advice
The Erie recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Erie Indemnity. Macroaxis does not own or have any residual interests in Erie Indemnity or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Erie Indemnity's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Erie Indemnity Trading Alerts and Improvement Suggestions
| About 46.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: EverQuote Rallies 137.7 percent in a Year More Room to Run |
Erie Indemnity Returns Distribution Density
The distribution of Erie Indemnity's historical returns is an attempt to chart the uncertainty of Erie Indemnity's future price movements. The chart of the probability distribution of Erie Indemnity daily returns describes the distribution of returns around its average expected value. We use Erie Indemnity price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Erie Indemnity returns is essential to provide solid investment advice for Erie Indemnity.
| Mean Return | 0.20 | Value At Risk | -1.62 | Potential Upside | 1.98 | Standard Deviation | 1.77 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Erie Indemnity historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Erie Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Erie Indemnity is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Erie Indemnity backward and forwards among themselves. Erie Indemnity's institutional investor refers to the entity that pools money to purchase Erie Indemnity's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Apg All Pensions Group | 2023-12-31 | 175.9 K | Morgan Stanley - Brokerage Accounts | 2023-09-30 | 163.4 K | Amvescap Plc. | 2023-12-31 | 151.5 K | Atlantic Union Bankshares Corp | 2023-09-30 | 148.1 K | Charles Schwab Investment Management Inc | 2023-09-30 | 133 K | Legal & General Group Plc | 2023-09-30 | 120.3 K | Amundi | 2023-09-30 | 110.9 K | Jpmorgan Chase & Co | 2023-09-30 | 102.6 K | Goldman Sachs Group Inc | 2023-09-30 | 98.6 K | Pnc Financial Services Group Inc | 2023-09-30 | 4.9 M | Blackrock Inc | 2023-12-31 | 2.5 M |
Erie Indemnity Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 70.3M | (175.5M) | 22.5M | (41.6M) | 2.0M | 1.9M | |
| Free Cash Flow | (102.0M) | (55.5M) | (148.8M) | 298.9M | 288.6M | 211.4M | |
| Depreciation | 30.8M | 34.3M | 49.1M | 51.7M | 53.6M | 56.3M | |
| Other Non Cash Items | 1.4M | 462.4M | (297.9M) | 42.5M | 24.8M | 26.1M | |
| Dividends Paid | 167.7M | 272.9M | 192.8M | 206.8M | (221.7M) | (210.6M) | |
| Capital Expenditures | 102.0M | 55.5M | 148.8M | 67.2M | 92.6M | 97.3M | |
| Net Income | 316.8M | 293.3M | 297.9M | 298.6M | 446.1M | 257.4M | |
| End Period Cash Flow | 336.7M | 161.2M | 183.7M | 142.1M | 144.1M | 162.9M | |
| Investments | (23.4M) | (187.7M) | (36.7M) | (41.5M) | (137.7M) | (144.5M) | |
| Change To Netincome | (234.2M) | (253.5M) | (235.3M) | (263.5M) | (237.2M) | (225.3M) | |
| Net Borrowings | (1.9M) | (2.0M) | (2.0M) | (94.1M) | (84.7M) | (80.4M) |
Erie Indemnity Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Erie Indemnity or Insurance sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Erie Indemnity's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Erie stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.17 | |
β | Beta against NYSE Composite | 0.45 | |
σ | Overall volatility | 1.81 | |
Ir | Information ratio | 0.07 |
Erie Indemnity Volatility Alert
Erie Indemnity has relatively low volatility with skewness of 2.88 and kurtosis of 14.06. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Erie Indemnity's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Erie Indemnity's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Erie Indemnity Fundamentals Vs Peers
Comparing Erie Indemnity's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Erie Indemnity's direct or indirect competition across all of the common fundamentals between Erie Indemnity and the related equities. This way, we can detect undervalued stocks with similar characteristics as Erie Indemnity or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Erie Indemnity's fundamental indicators could also be used in its relative valuation, which is a method of valuing Erie Indemnity by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Erie Indemnity to competition |
| Fundamentals | Erie Indemnity | Peer Average |
| Return On Equity | 0.29 | -0.31 |
| Return On Asset | 0.15 | -0.14 |
| Profit Margin | 0.14 % | (1.27) % |
| Operating Margin | 0.17 % | (5.51) % |
| Current Valuation | 19.67 B | 16.62 B |
| Shares Outstanding | 46.19 M | 571.82 M |
| Shares Owned By Insiders | 45.51 % | 10.09 % |
| Shares Owned By Institutions | 36.86 % | 39.21 % |
| Number Of Shares Shorted | 775.7 K | 4.71 M |
| Price To Earning | 46.37 X | 28.72 X |
| Price To Book | 11.99 X | 9.51 X |
| Price To Sales | 6.10 X | 11.42 X |
| Revenue | 3.26 B | 9.43 B |
| Gross Profit | 376.21 M | 27.38 B |
| EBITDA | 568.01 M | 3.9 B |
| Net Income | 446.06 M | 570.98 M |
| Cash And Equivalents | 147.47 M | 2.7 B |
| Cash Per Share | 2.82 X | 5.01 X |
| Debt To Equity | 0.03 % | 48.70 % |
| Current Ratio | 1.17 X | 2.16 X |
| Book Value Per Share | 31.80 X | 1.93 K |
| Cash Flow From Operations | 381.2 M | 971.22 M |
| Short Ratio | 6.43 X | 4.00 X |
| Earnings Per Share | 8.52 X | 3.12 X |
| Price To Earnings To Growth | 3.05 X | 4.89 X |
| Target Price | 115.0 | |
| Number Of Employees | 6.48 K | 18.84 K |
| Beta | 0.41 | -0.15 |
| Market Capitalization | 19.89 B | 19.03 B |
| Total Asset | 2.51 B | 29.47 B |
| Retained Earnings | 2.8 B | 9.33 B |
| Working Capital | 189.45 M | 1.48 B |
| Current Asset | 635.15 M | 9.34 B |
Note: Acquisition by Elizabeth Vorsheck of tradable shares of Erie Indemnity subject to Rule 16b-3 [view details]
Erie Indemnity Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Erie . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Erie Indemnity Buy or Sell Advice
When is the right time to buy or sell Erie Indemnity? Buying financial instruments such as Erie Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 93.8M | 107.9M | 76.9M | Total Assets | 2.2B | 2.5B | 4.6B |
Use Investing Ideas to Build Portfolios
In addition to having Erie Indemnity in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Adviser Favorites Thematic Idea Now
Adviser Favorites
Financial advisors frequently recommend that individuals diversify their investment portfolios with a mix of different types of stocks. These can include blue-chip stocks, growth stocks, and dividend stocks. The Adviser Favorites theme has 17 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Adviser Favorites Theme or any other thematic opportunities.
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Check out Erie Indemnity Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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When running Erie Indemnity's price analysis, check to measure Erie Indemnity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erie Indemnity is operating at the current time. Most of Erie Indemnity's value examination focuses on studying past and present price action to predict the probability of Erie Indemnity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erie Indemnity's price. Additionally, you may evaluate how the addition of Erie Indemnity to your portfolios can decrease your overall portfolio volatility.
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Is Erie Indemnity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erie Indemnity. If investors know Erie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erie Indemnity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.697 | Dividend Share 4.845 | Earnings Share 8.52 | Revenue Per Share 70.773 | Quarterly Revenue Growth 0.167 |
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.