Erie Indemnity Stock Today

ERIE Stock  USD 401.57  6.60  1.62%   

Performance

13 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 10

 
100  
 
Zero
Low
Erie Indemnity is trading at 401.57 as of the 28th of March 2024, a -1.62 percent decrease since the beginning of the trading day. The stock's lowest day price was 401.28. Erie Indemnity has less than a 10 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Erie Indemnity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Insurance
IPO Date
2nd of October 1995
Category
Financial Services
Classification
Financials
Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania. Erie Indemnity operates under Insurance Brokers classification in the United States and is traded on NASDAQ Exchange. The company has 46.19 M outstanding shares of which 813.72 K shares are currently shorted by private and institutional investors with about 6.81 trading days to cover. More on Erie Indemnity

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Erie Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Erie Indemnity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Erie Indemnity or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Erie Indemnity's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Erie Indemnity's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
President CEOCPA CIC
Thematic IdeaInsurance (View all Themes)
Business ConcentrationProperty & Casualty Insurance, Insurance Brokers, Financial Services, Insurance, Financials, Insurance, Insurance Brokers, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Erie Indemnity report their recommendations after researching Erie Indemnity's financial statements, talking to executives and customers, or listening in on Erie Indemnity's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Erie Indemnity. The Erie consensus assessment is calculated by taking the average forecast from all of the analysts covering Erie Indemnity.
Erie Indemnity's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Erie Indemnity's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Erie Indemnity's financial leverage. It provides some insight into what part of Erie Indemnity's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Erie Indemnity's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Erie Indemnity deploys its capital and how much of that capital is borrowed.
Liquidity
Erie Indemnity cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has a current ratio of 1.15, suggesting that it is not liquid enough and may have problems paying out its financial obligations when due. Debt can assist Erie Indemnity until it has trouble settling it off, either with new capital or with free cash flow. So, Erie Indemnity's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Erie Indemnity sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Erie to invest in growth at high rates of return. When we think about Erie Indemnity's use of debt, we should always consider it together with cash and equity.

Stock Based Compensation

5.84 Million
Erie Indemnity (ERIE) is traded on NASDAQ Exchange in USA. It is located in 100 Erie Insurance Place, Erie, PA, United States, 16530-0001 and employs 6,481 people. Erie Indemnity is listed under Property & Casualty Insurance category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 21 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Erie Indemnity's market, we take the total number of its shares issued and multiply it by Erie Indemnity's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Erie Indemnity conducts business under Insurance sector and is part of Financials industry. The entity has 46.19 M outstanding shares of which 813.72 K shares are currently shorted by private and institutional investors with about 6.81 trading days to cover. Erie Indemnity currently holds about 147.47 M in cash with 381.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.82.
Check Erie Indemnity Probability Of Bankruptcy
Ownership Allocation
Erie Indemnity retains a total of 46.19 Million outstanding shares. Erie Indemnity retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Erie Ownership Details

Erie Stock Price Odds Analysis

What are Erie Indemnity's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Erie Indemnity jumping above the current price in 90 days from now is about 13.11%. The Erie Indemnity probability density function shows the probability of Erie Indemnity stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Erie Indemnity has a beta of 0.3825 suggesting as returns on the market go up, Erie Indemnity average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Erie Indemnity will be expected to be much smaller as well. Additionally, erie Indemnity has an alpha of 0.2478, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 401.57HorizonTargetOdds Above 401.57
86.81%90 days
 401.57 
13.11%
Based on a normal probability distribution, the odds of Erie Indemnity to move above the current price in 90 days from now is about 13.11 (This Erie Indemnity probability density function shows the probability of Erie Stock to fall within a particular range of prices over 90 days) .

Erie Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Erie Indemnity that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Erie Indemnity's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Erie Indemnity's value.
InstituionRecorded OnShares
Apg All Pensions Group2023-12-31
175.9 K
Morgan Stanley - Brokerage Accounts2023-09-30
163.4 K
Amvescap Plc.2023-12-31
151.5 K
Atlantic Union Bankshares Corp2023-09-30
148.1 K
Charles Schwab Investment Management Inc2023-09-30
133 K
Legal & General Group Plc2023-09-30
120.3 K
Amundi2023-09-30
110.9 K
Jpmorgan Chase & Co2023-09-30
102.6 K
Goldman Sachs Group Inc2023-09-30
98.6 K
Pnc Financial Services Group Inc2023-09-30
4.9 M
Blackrock Inc2023-12-31
2.5 M
View Erie Indemnity Diagnostics

Erie Indemnity Historical Income Statement

Erie Indemnity Income Statement is one of the three primary financial statements used for reporting Erie's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Erie Indemnity revenue and expense. Erie Indemnity Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Erie Indemnity's EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Net Income is expected to grow to about 468.4 M, whereas Total Revenue is forecasted to decline to about 2.2 B. View More Fundamentals

Erie Stock Against Markets

Picking the right benchmark for Erie Indemnity stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Erie Indemnity stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Erie Indemnity is critical whether you are bullish or bearish towards Erie Indemnity at a given time. Please also check how Erie Indemnity's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Erie Indemnity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Erie Indemnity Corporate Directors

Erie Indemnity corporate directors refer to members of an Erie Indemnity board of directors. The board of directors generally takes responsibility for the Erie Indemnity's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Erie Indemnity's board members must vote for the resolution. The Erie Indemnity board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Claude LillyIndependent DirectorProfile
George LucoreIndependent DirectorProfile
Elizabeth VorsheckIndependent DirectorProfile
Jonathan HagenIndependent DirectorProfile

How to buy Erie Stock?

Before investing in Erie Indemnity, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Erie Indemnity. To buy Erie Indemnity stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Erie Indemnity. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Erie Indemnity stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Erie Indemnity stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Erie Indemnity stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Erie Indemnity, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Erie Stock please use our How to Invest in Erie Indemnity guide.

Already Invested in Erie Indemnity?

The danger of trading Erie Indemnity is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Erie Indemnity is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Erie Indemnity. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Erie Indemnity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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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
8.55
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.