ERIE - Erie Indemnity Co Stock Price, Fair Value and News

404.50USD-0.94 (-0.23%)Market Closed

Market Summary

USD404.50-0.94

Market Closed

-0.23%

ERIE Alerts

Big jump in Earnings (Y/Y)

ERIE Stock Price

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ERIE RSI Chart

ERIE Valuation

Market Cap

18.7B

Price/Earnings (Trailing)

38.57

Price/Sales (Trailing)

5.5

EV/EBITDA

30.39

Price/Free Cashflow

44.45

ERIE Price/Sales (Trailing)

ERIE Profitability

EBT Margin

17.96%

Return on Equity

28.06%

Return on Assets

18.95%

Free Cashflow Yield

2.25%

ERIE Fundamentals

ERIE Revenue

Revenue (TTM)

3.4B

Rev. Growth (Yr)

17.04%

Rev. Growth (Qtr)

7.71%

ERIE Earnings

Earnings (TTM)

484.4M

Earnings Growth (Yr)

44.42%

Earnings Growth (Qtr)

12.28%

Breaking Down ERIE Revenue

Last 7 days

5.7%

Last 30 days

1.5%

Last 90 days

15.5%

Trailing 12 Months

76.6%

How does ERIE drawdown profile look like?

ERIE Financial Health

Current Ratio

1.29

ERIE Investor Care

Dividend Yield

182.82%

Dividend/Share (TTM)

739.5

Diluted EPS (TTM)

1.3K

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	3.4B	0	0	0
2023	2.9B	3.0B	3.2B	3.3B
2022	2.7B	2.7B	2.8B	2.8B
2021	2.5B	2.6B	2.6B	2.6B
2020	2.5B	2.5B	2.5B	2.5B
2019	2.4B	2.4B	2.5B	2.5B
2018	1.9B	2.0B	2.2B	2.4B
2017	1.6B	1.6B	1.7B	1.7B
2016	1.5B	1.6B	1.6B	1.6B
2015	1.4B	1.5B	1.5B	1.5B
2014	5.0B	4.0B	2.8B	1.4B
2013	5.6B	5.8B	5.9B	6.3B
2012	5.0B	4.9B	5.6B	5.5B
2011	5.0B	5.4B	4.8B	4.8B
2010	4.8B	4.5B	4.6B	4.9B
2009	0	3.2B	3.7B	4.3B
2008	0	0	0	2.7B

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Erie Indemnity Co

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 30, 2024	smith douglas edward	acquired	712	382	1.861	evp
Apr 30, 2024	feltz lorianne	acquired	1,703	382	4.451	executive vice president
Apr 30, 2024	pelkowski julie marie	acquired	1,407	382	3.677	evp & cfo
Apr 30, 2024	colaizzo louis f	acquired	1.14798	382	0.003	svp
Mar 31, 2024	feltz lorianne	acquired	144	401	0.359	executive vice president
Mar 31, 2024	smith douglas edward	acquired	38.5507	401	0.096	evp

Which funds bought or sold ERIE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Arizona State Retirement System	added	0.07	467,359	2,805,770	0.02%
May 07, 2024	Swiss National Bank	reduced	-3.91	4,035,150	30,567,500	0.02%
May 07, 2024	PANAGORA ASSET MANAGEMENT INC	unchanged	-	242,006	1,458,100	0.01%
May 07, 2024	Inspire Investing, LLC	reduced	-18.22	-8,669	436,105	0.04%
May 07, 2024	Susquehanna Portfolio Strategies, LLC	reduced	-1.03	2,912,470	18,512,400	0.43%
May 07, 2024	Illinois Municipal Retirement Fund	unchanged	-	322,000	1,940,000	0.03%
May 07, 2024	SEI INVESTMENTS CO	added	340	4,648,610	5,732,820	0.01%
May 07, 2024	Significant Wealth Partners LLC	sold off	-100	-378,615	-	-%
May 07, 2024	Allegheny Financial Group LTD	reduced	-6.55	2,838,250	26,395,000	8.15%
May 07, 2024	FORSTA AP-FONDEN	new	-	2,048,010	2,048,010	0.02%

Are Funds Buying or Selling ERIE?

Are funds buying ERIE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ERIE

No. of Funds

ERIE Alerts

Big jump in Earnings (Y/Y)

Unveiling Erie Indemnity Co's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.36%	2,476,858	SC 13G/A
Feb 09, 2024	pnc financial services group, inc.	12.52%	5,781,066	SC 13G/A
Jan 31, 2024	blackrock inc.	5.4%	2,488,620	SC 13G
Feb 10, 2023	pnc financial services group, inc.	12.52%	5,784,551	SC 13G/A
Feb 09, 2023	vanguard group inc	5.30%	2,450,196	SC 13G/A
Feb 11, 2022	pnc financial services group, inc.	12.51%	5,780,336	SC 13G/A
Feb 10, 2022	vanguard group inc	5.21%	2,406,357	SC 13G/A
Feb 12, 2021	pnc financial services group, inc.	12.53%	5,788,221	SC 13G/A
Feb 10, 2021	vanguard group inc	5.66%	2,614,144	SC 13G/A
Feb 12, 2020	vanguard group inc	5.71%	2,641,770	SC 13G/A

Recent SEC filings of Erie Indemnity Co

View All Filings

Date Filed	Form Type	Document
May 07, 2024	8-K/A	Current Report
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
May 01, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	8-K	Current Report
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading
Apr 25, 2024	4	Insider Trading

Erie Indemnity Co News

Latest updates

Erie Indemnity Co Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	7.7%	881	818	859	840	752	701	741	726	672	636	688	680	630	609	653	657	617	597	639	648	594
Operating Expenses	7.4%	742	691	710	706	642	619	635	622	588	574	593	595	554	544	557	566	531	528	533	551	508
EBITDA Margin	4.5%	0.18*	0.17*	0.16*	0.15*	0.14*	0.13*	0.13*	0.14*	0.14*	0.14*	0.15*	0.15*	0.15*	-	-	-	-	-	-	-	-
Interest Expenses	-	-	-	-	-	-	-	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	12.9%	33.00	29.00	33.00	31.00	23.00	16.00	22.00	21.00	18.00	15.00	24.00	21.00	19.00	15.00	22.00	21.00	17.00	16.00	25.00	18.00	20.00
Earnings Before Taxes	12.4%	157	140	164	149	109	82.00	106	101	87.00	70.00	114	100	93.00	78.00	112	102	76.00	76.00	120	106	96.00
EBT Margin	4.5%	0.18*	0.17*	0.16*	0.15*	0.14*	0.13*	0.13*	0.14*	0.14*	0.14*	0.15*	0.15*	0.15*	-	-	-	-	-	-	-	-
Net Income	12.3%	125	111	131	118	86.00	65.00	84.00	80.00	69.00	55.00	90.00	79.00	74.00	63.00	89.00	82.00	59.00	60.00	94.00	88.00	75.00
Net Income Margin	4.5%	0.14*	0.14*	0.13*	0.12*	0.11*	0.11*	0.10*	0.11*	0.11*	0.11*	0.12*	0.12*	0.12*	-	-	-	-	-	-	-	-
Free Cashflow	-41.3%	87.00	148	53.00	132	48.00	128	132	83.00	24.00	139	136	94.00	33.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	3.4%	2,556	2,472	2,395	2,326	2,224	2,239	2,178	2,180	2,224	2,242	2,237	2,164	2,099	2,117	2,159	2,083	1,957	2,016	1,975	1,890	1,799
Current Assets	1.2%	942	930	874	873	784	779	724	743	751	764	831	747	702	732	793	859	810	891	935	937	962
Cash Equivalents	0.6%	145	144	103	143	122	142	98.00	90.00	141	184	236	156	135	161	216	258	229	337	345	338	312
Liabilities	2.5%	830	809	783	781	737	791	821	841	890	900	950	919	891	929	912	889	841	883	855	826	786
Current Liabilities	2.6%	728	709	681	652	612	665	634	637	601	631	614	592	571	628	606	589	542	588	569	535	503
Short Term Borrowings	-	-	-	-	-	-	-	-	40.00	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	91.00	92.00	92.00	93.00	93.00	94.00	94.00	95.00	95.00	96.00	96.00	97.00	97.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	91.00	92.00	92.00	93.00	93.00	94.00	94.00	95.00	95.00	96.00	96.00	97.00	97.00
Shareholder's Equity	3.8%	1,726	1,663	1,612	1,545	1,487	1,448	1,357	1,339	1,334	1,342	1,287	1,245	1,208	1,188	1,247	1,194	1,117	1,133	1,119	1,063	1,014
Retained Earnings	2.3%	2,869	2,804	2,752	2,677	2,614	2,583	2,573	2,541	2,512	2,495	2,492	2,450	2,419	2,394	2,472	2,428	2,391	2,378	2,363	2,311	2,265
Additional Paid-In Capital	0%	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00	16.00
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46.00	46.00	46.00
Float	-	-	-	-	5,300	-	-	-	4,900	-	-	-	4,900	-	-	-	4,800	-	-	-	6,300	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-41.3%	87.00	148	53.00	132	48.00	128	132	83.00	24.00	139	136	94.00	33.00	108	107	107	20.00	127	123	90.00	24.00
Cashflow From Investing	47.9%	-27.00	-51.83	-37.47	-55.94	-12.33	-31.92	-32.80	-28.46	-13.73	-142	-7.65	-24.68	-10.83	-24.65	-103	-32.67	-82.75	-92.39	-74.46	-21.54	64.00
Cashflow From Financing	-7.1%	-59.38	-55.42	-55.42	-55.42	-55.42	-51.69	-91.69	-105	-52.22	-48.72	-48.71	-48.71	-48.70	-138	-45.43	-45.44	-45.42	-42.40	-42.38	-42.42	-42.37
Dividend Payments	7.1%	59.00	55.00	55.00	55.00	55.00	52.00	52.00	52.00	52.00	48.00	48.00	48.00	48.00	138	45.00	45.00	45.00	42.00	42.00	42.00	42.00

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ERIE Income Statement

2024-03-31

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating revenue
Total operating revenue	$ 880,701	$ 752,465
Operating expenses
Total operating expenses	741,889	641,922
Operating income	138,812	110,543
Investment income
Net investment income	15,903	2,183
Net realized and unrealized investment gains (losses)	1,853	(5,282)
Net impairment losses recognized in earnings	(2,677)	(1,633)
Total investment income (loss)	15,079	(4,732)
Other income	3,411	3,337
Income before income taxes	157,302	109,148
Income tax expense	32,750	22,907
Net income	$ 124,552	$ 86,241
Class A common stock
Earnings per share - Basic and diluted:
Common stock - basic (in dollars per share)	$ 2.67	$ 1.85
Common stock - diluted (in dollars per share)	$ 2.38	$ 1.65
Weighted average shares outstanding – Basic
Common stock - basic (in shares)	46,189,014	46,188,819
Weighted average shares outstanding – Diluted
Common stock - diluted (in shares)	52,301,803	52,296,621
Dividends declared per share
Dividends declared (in dollars per share)	$ 1.275	$ 1.19
Class B common stock
Earnings per share - Basic and diluted:
Common stock - basic (in dollars per share)	401	278
Common stock - diluted (in dollars per share)	$ 401	$ 278
Weighted average shares outstanding – Basic
Common stock - basic (in shares)	2,542	2,542
Weighted average shares outstanding – Diluted
Common stock - diluted (in shares)	2,542	2,542
Dividends declared per share
Dividends declared (in dollars per share)	$ 191.25	$ 178.50
Management fee revenue - policy issuance and renewal services
Operating revenue
Total operating revenue	$ 665,686	$ 558,090
Operating expenses
Total operating expenses	550,322	469,095
Management fee revenue - administrative services
Operating revenue
Total operating revenue	16,934	15,189
Administrative services reimbursement revenue
Operating revenue
Total operating revenue	191,567	172,827
Operating expenses
Total operating expenses	191,567	172,827
Service agreement revenue
Operating revenue
Total operating revenue	$ 6,514	$ 6,359

ERIE Balance Sheet

2024-03-31

STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents (includes restricted cash of $13,331 and $12,542, respectively)	$ 144,872	$ 144,055
Available-for-sale securities	76,693	82,017
Receivables from Erie Insurance Exchange and affiliates, net	641,691	625,338
Prepaid expenses and other current assets	69,050	69,321
Accrued investment income	9,465	9,458
Total current assets	941,771	930,189
Available-for-sale securities, net	892,952	879,224
Equity securities	86,578	84,253
Fixed assets, net	461,914	442,610
Agent loans, net	57,470	58,434
Defined benefit pension plan	66,270	34,320
Other assets, net	48,839	42,934
Total assets	2,555,794	2,471,964
Current liabilities:
Commissions payable	384,613	353,709
Agent incentive compensation	26,968	68,077
Accounts payable and accrued liabilities	213,062	175,622
Dividends payable	59,377	59,377
Contract liability	40,555	41,210
Deferred executive compensation	2,941	10,982
Total current liabilities	727,516	708,977
Defined benefit pension plan	23,792	26,260
Contract liability	20,000	19,910
Deferred executive compensation	23,216	20,936
Deferred income taxes, net	6,593	11,481
Other long-term liabilities	28,497	21,565
Total liabilities	829,614	809,129
Shareholders’ equity
Additional paid-in-capital	16,466	16,466
Accumulated other comprehensive loss	(15,230)	(13,400)
Retained earnings	2,868,864	2,803,689
Total contributed capital and retained earnings	2,872,270	2,808,925
Treasury stock, at cost; 22,110,132 shares held	(1,169,317)	(1,169,165)
Deferred compensation	23,227	23,075
Total shareholders’ equity	1,726,180	1,662,835
Total liabilities and shareholders’ equity	2,555,794	2,471,964
Class A common stock
Shareholders’ equity
Common stock	1,992	1,992
Class B common stock
Shareholders’ equity
Common stock	$ 178	$ 178

About Erie Indemnity Co

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, policy issuance, and renewal services for the policyholders on behalf of the Erie Insurance Exchange. It also offers sales related services, including agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing; and other services consist of customer services and administrative support services, as well as information technology services. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania.

CEO	Mr. Timothy Gerard NeCastro C.I.C., C.P.A.
WEBSITE	erieinsurance.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	5970

Erie Indemnity Co Frequently Asked Questions

What is the ticker symbol for Erie Indemnity Co? What does ERIE stand for in stocks?

ERIE is the stock ticker symbol of Erie Indemnity Co. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Erie Indemnity Co (ERIE)?

As of Wed May 08 2024, market cap of Erie Indemnity Co is 18.68 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ERIE stock?

You can check ERIE's fair value in chart for subscribers.

What is the fair value of ERIE stock?

You can check ERIE's fair value in chart for subscribers. The fair value of Erie Indemnity Co is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Erie Indemnity Co is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ERIE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Erie Indemnity Co a good stock to buy?

The fair value guage provides a quick view whether ERIE is over valued or under valued. Whether Erie Indemnity Co is cheap or expensive depends on the assumptions which impact Erie Indemnity Co's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ERIE.

What is Erie Indemnity Co's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, ERIE's PE ratio (Price to Earnings) is 38.57 and Price to Sales (PS) ratio is 5.5. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ERIE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Erie Indemnity Co's stock?

In the past 10 years, Erie Indemnity Co has provided 0.211 (multiply by 100 for percentage) rate of return.