Erie Indemnity Net Worth
Erie Indemnity Net Worth Breakdown | ERIE |
Erie Indemnity Net Worth Analysis
Erie Indemnity's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Erie Indemnity's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Erie Indemnity's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Erie Indemnity's net worth analysis. One common approach is to calculate Erie Indemnity's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Erie Indemnity's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Erie Indemnity's net worth. This approach calculates the present value of Erie Indemnity's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Erie Indemnity's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Erie Indemnity's net worth. This involves comparing Erie Indemnity's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Erie Indemnity's net worth relative to its peers.
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To determine if Erie Indemnity is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Erie Indemnity's net worth research are outlined below:
| Erie Indemnity generated a negative expected return over the last 90 days | |
| About 46.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: AM Best Assigns Credit Ratings to The Japan Ship Owners Mutual Protection Indemnity Association |
Erie Indemnity uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Erie Indemnity. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Erie Indemnity's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Know Erie Indemnity's Top 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 originate 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 | Dimensional Fund Advisors, Inc. | 2024-09-30 | 184.8 K | Northern Trust Corp | 2024-09-30 | 163.9 K | Charles Schwab Investment Management Inc | 2024-09-30 | 142.6 K | Bank Of New York Mellon Corp | 2024-09-30 | 132.6 K | Legal & General Group Plc | 2024-09-30 | 122.2 K | Atlantic Union Bankshares Corp | 2024-09-30 | 112.4 K | Goldman Sachs Group Inc | 2024-09-30 | 102.3 K | Barclays Plc | 2024-09-30 | 89.6 K | Swiss National Bank | 2024-09-30 | 75.1 K | Pnc Financial Services Group Inc | 2024-09-30 | 4.9 M | Vanguard Group Inc | 2024-09-30 | 2.9 M |
Follow Erie Indemnity's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 21.93 B.Market Cap |
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Project Erie Indemnity's profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.18 | 0.10 | |
| Return On Capital Employed | 0.30 | 0.15 | |
| Return On Assets | 0.18 | 0.19 | |
| Return On Equity | 0.27 | 0.17 |
When accessing Erie Indemnity's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Erie Indemnity's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Erie Indemnity's profitability and make more informed investment decisions.
Please note, the presentation of Erie Indemnity's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Erie Indemnity's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Erie Indemnity's management manipulating its earnings.
Evaluate Erie Indemnity's management efficiency
Erie Indemnity has return on total asset (ROA) of 0.1575 % which means that it generated a profit of $0.1575 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3142 %, meaning that it created $0.3142 on every $100 dollars invested by stockholders. Erie Indemnity's management efficiency ratios could be used to measure how well Erie Indemnity manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Assets is expected to grow to 0.19, whereas Return On Tangible Assets are forecasted to decline to 0.1. At present, Erie Indemnity's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 1.5 B, whereas Other Assets are forecasted to decline to about 36.7 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 36.00 | 27.66 | |
| Tangible Book Value Per Share | 37.07 | 24.73 | |
| Enterprise Value Over EBITDA | 25.72 | 27.01 | |
| Price Book Value Ratio | 9.30 | 9.77 | |
| Enterprise Value Multiple | 25.72 | 27.01 | |
| Price Fair Value | 9.30 | 9.77 | |
| Enterprise Value | 15.4 B | 16.2 B |
The operational strategies employed by Erie Indemnity management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Enterprise Value Revenue 5.7054 | Revenue 3.7 B | Quarterly Revenue Growth 0.164 | Revenue Per Share 79.861 | Return On Equity 0.3142 |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Erie Indemnity insiders, such as employees or executives, is commonly permitted as long as it does not rely on Erie Indemnity's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Erie Indemnity insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Erie Indemnity Corporate Filings
8K | 17th of December 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
| 4th of November 2024 Other Reports | ViewVerify | |
F4 | 1st of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
Erie Indemnity Earnings per Share Projection vs Actual
Erie Indemnity Corporate Management
| CPCU CPA | Ex CFO | Profile | |
| Marc CIC | Senior Underwriting | Profile | |
| Charles CIC | Senior Marketing | Profile | |
| Jeffrey CPCU | Senior Services | Profile | |
| CPCU FCAS | Ex Products | Profile | |
| Ronald Habursky | Senior Officer | Profile | |
| Bill Matrogran | Vice Operations | Profile |
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 closely tied 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Property & Casualty Insurance space 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 0.22 | Dividend Share 5.1 | Earnings Share 10.69 | Revenue Per Share 79.861 | Quarterly Revenue Growth 0.164 |
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.