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

380.54USD+2.35 (+0.62%)Market Closed

Market Summary

USD380.54+2.35

Market Closed

0.62%

ERIE Stock Price

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ERIE RSI Chart

ERIE Valuation

Market Cap

17.6B

Price/Earnings (Trailing)

39.41

Price/Sales (Trailing)

5.38

EV/EBITDA

31.02

Price/Free Cashflow

46.11

ERIE Price/Sales (Trailing)

ERIE Profitability

EBT Margin

17.19%

Return on Equity

26.83%

Return on Assets

18.04%

Free Cashflow Yield

2.17%

ERIE Fundamentals

ERIE Revenue

Revenue (TTM)

3.3B

Rev. Growth (Yr)

16.7%

Rev. Growth (Qtr)

-4.8%

ERIE Earnings

Earnings (TTM)

446.1M

Earnings Growth (Yr)

69.38%

Earnings Growth (Qtr)

-15.35%

Breaking Down ERIE Revenue

Last 7 days

-3.7%

Last 30 days

-7.9%

Last 90 days

10.5%

Trailing 12 Months

58.6%

How does ERIE drawdown profile look like?

ERIE Financial Health

Current Ratio

1.31

ERIE Investor Care

Dividend Yield

237.57%

Dividend/Share (TTM)

904.06

Diluted EPS (TTM)

2.0K

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
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
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
Mar 31, 2024	pelkowski julie marie	acquired	287	401	0.716	evp & cfo
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
Feb 29, 2024	borneman j ralph jr	sold	-4,073,770	407	-10,000	-
Jan 31, 2024	colaizzo louis f	acquired	0.34583	345	0.001	svp
Jan 31, 2024	pelkowski julie marie	acquired	1,249	345	3.613	evp & cfo
Jan 31, 2024	smith douglas edward	acquired	605	345	1.75	evp
Jan 31, 2024	feltz lorianne	acquired	1,401	345	4.054	executive vice president
Dec 31, 2023	smith douglas edward	acquired	38.1809	334	0.114	evp
Dec 31, 2023	pelkowski julie marie	acquired	875	334	2.613	evp & cfo

Which funds bought or sold ERIE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	sold off	-100	-1,708,000	-	-%
Apr 16, 2024	Stratos Wealth Advisors, LLC	sold off	-100	-245,921	-	-%
Apr 16, 2024	COURIER CAPITAL LLC	unchanged	-	199,950	1,204,710	0.09%
Apr 16, 2024	Atlantic Union Bankshares Corp	unchanged	-	9,767,690	58,850,900	4.96%
Apr 15, 2024	JANICZEK WEALTH MANAGEMENT, LLC	added	29.36	43,371	122,078	0.03%
Apr 15, 2024	EXCHANGE TRADED CONCEPTS, LLC	reduced	-24.99	-68,228	609,985	0.02%
Apr 15, 2024	ATLAS CAPITAL ADVISORS LLC	new	-	5,621	5,621	-%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	added	3.42	58,526	303,849	-%
Apr 15, 2024	THOMPSON INVESTMENT MANAGEMENT, INC.	unchanged	-	4,265	25,700	-%
Apr 12, 2024	FCF Advisors LLC	reduced	-14.41	32,957	1,288,240	0.32%

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

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
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Mar 22, 2024	ARS	ARS
Mar 22, 2024	DEF 14C	DEF 14C
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading
Feb 26, 2024	10-K	Annual Report
Feb 26, 2024	8-K	Current Report

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-4.8%	818	859	840	752	701	741	726	672	636	688	680	630	609	653	657	617	597	639	648	594	576
Operating Expenses	-2.8%	691	710	706	642	619	635	622	588	574	593	595	554	544	557	566	531	528	533	551	508	502
EBITDA Margin	7.5%	0.17*	0.16*	0.15*	0.14*	0.13*	0.13*	0.14*	0.14*	0.14*	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	1.00
Income Taxes	-11.4%	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	20.00
Earnings Before Taxes	-14.6%	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	83.00
EBT Margin	7.5%	0.17*	0.16*	0.15*	0.14*	0.13*	0.13*	0.14*	0.14*	0.14*	0.15*	0.15*	-	-	-	-	-	-	-	-	-	-
Net Income	-15.3%	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	62.00
Net Income Margin	7.4%	0.14*	0.13*	0.12*	0.11*	0.11*	0.10*	0.11*	0.11*	0.11*	0.12*	0.12*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	181.3%	148	53.00	132	48.00	128	132	83.00	24.00	139	136	94.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	3.2%	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	1,778
Current Assets	6.5%	930	874	873	784	779	724	743	751	764	831	747	702	732	793	859	810	891	935	937	962	1,169
Cash Equivalents	40.0%	144	103	143	122	142	98.00	90.00	141	184	236	156	135	161	216	258	229	337	345	338	312	266
Liabilities	3.4%	809	783	781	737	791	821	841	890	900	950	919	891	929	912	889	841	883	855	826	786	805
Current Liabilities	4.1%	709	681	652	612	665	634	637	601	631	614	592	571	628	606	589	542	588	569	535	503	547
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	98.00
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	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	98.00
Shareholder's Equity	3.2%	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	974
Retained Earnings	1.9%	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	2,231
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	181.3%	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	89.00
Cashflow From Investing	-38.4%	-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	-28.42
Cashflow From Financing	0%	-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	-39.12
Dividend Payments	0%	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	39.00

ERIE Income Statement

2023-12-31

STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating revenue
Total operating revenue	$ 3,268,940	$ 2,840,124	$ 2,633,977
Operating expenses
Total operating expenses	2,748,684	2,463,910	2,315,880
Operating income	520,256	376,214	318,097
Investment income
Net investment income	44,572	28,585	62,177
Net realized and unrealized investment (losses) gains	(5,838)	(27,286)	4,946
Net impairment (losses) recoveries recognized in earnings	(9,766)	(667)	209
Total investment income	28,968	632	67,332
Interest expense, net	0	2,009	4,132
Other income (expense)	12,712	1,615	(4,893)
Income before income taxes	561,936	376,452	376,404
Income tax expense	115,875	77,883	78,544
Net income	$ 446,061	$ 298,569	$ 297,860
Class A common stock
Earnings per share - Basic and diluted:
Common stock - basic (in dollars per share)	$ 9.58	$ 6.41	$ 6.40
Common stock - diluted (in dollars per share)	$ 8.53	$ 5.71	$ 5.69
Weighted average shares outstanding – Basic
Common stock - basic (in shares)	46,188,981	46,188,916	46,188,806
Weighted average shares outstanding – Diluted
Common stock - diluted (in shares)	52,299,411	52,297,990	52,307,302
Class B common stock
Earnings per share - Basic and diluted:
Common stock - basic (in dollars per share)	$ 1,437	$ 962	$ 959
Common stock - diluted (in dollars per share)	$ 1,437	$ 962	$ 959
Weighted average shares outstanding – Basic
Common stock - basic (in shares)	2,542	2,542	2,542
Weighted average shares outstanding – Diluted
Common stock - diluted (in shares)	2,542	2,542	2,542
Management fee revenue - policy issuance and renewal services
Operating revenue
Total operating revenue	$ 2,442,073	$ 2,087,846	$ 1,913,166
Operating expenses
Total operating expenses	2,011,545	1,795,642	1,677,397
Management fee revenue - administrative services
Operating revenue
Total operating revenue	63,669	58,323	58,286
Administrative services reimbursement revenue
Operating revenue
Total operating revenue	737,139	668,268	638,483
Operating expenses
Total operating expenses	737,139	668,268	638,483
Service agreement revenue
Operating revenue
Total operating revenue	$ 26,059	$ 25,687	$ 24,042

ERIE Balance Sheet

2023-12-31

STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents (includes restricted cash of $12,542 and $11,932, respectively)	$ 144,055	$ 142,090
Available-for-sale securities	82,017	24,267
Receivables from Erie Insurance Exchange and affiliates, net	625,338	524,937
Prepaid expenses and other current assets	69,321	79,201
Accrued investment income	9,458	8,301
Total current assets	930,189	778,796
Available-for-sale securities, net	879,224	870,394
Equity securities	84,253	72,560
Fixed assets, net	442,610	413,874
Agent loans, net	58,434	60,537
Defined benefit pension plan	34,320	0
Other assets, net	42,934	43,295
Total assets	2,471,964	2,239,456
Current liabilities:
Commissions payable	353,709	300,028
Agent incentive compensation	68,077	95,166
Accounts payable and accrued liabilities	175,622	165,915
Dividends payable	59,377	55,419
Contract liability	41,210	36,547
Deferred executive compensation	10,982	12,036
Total current liabilities	708,977	665,111
Defined benefit pension plans	26,260	51,224
Contract liability	19,910	17,895
Deferred executive compensation	20,936	13,724
Deferred income taxes, net	11,481	14,075
Other long-term liabilities	21,565	29,019
Total liabilities	809,129	791,048
Shareholders' equity
Additional paid-in-capital	16,466	16,481
Accumulated other comprehensive loss	(13,400)	(7,414)
Retained earnings	2,803,689	2,583,261
Total contributed capital and retained earnings	2,808,925	2,594,498
Treasury stock, at cost; 22,110,132 shares held	(1,169,165)	(1,168,949)
Deferred compensation	23,075	22,859
Total shareholders' equity	1,662,835	1,448,408
Total liabilities and shareholders' equity	2,471,964	2,239,456
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 Apr 17 2024, market cap of Erie Indemnity Co is 17.5 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 Apr 17 2024, ERIE's PE ratio (Price to Earnings) is 39.22 and Price to Sales (PS) ratio is 5.35. 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 0.213 (multiply by 100 for percentage) rate of return.