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ERIE

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

351.85USD+1.05 (+0.30%)Market Closed
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Market Summary

USD351.85+1.05
Market Closed
0.30%

ERIE Stock Price

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ERIE RSI Chart

ERIE Valuation

Market Cap

16.3B

Price/Earnings (Trailing)

40.57

Price/Sales (Trailing)

5.16

EV/EBITDA

32.04

Price/Free Cashflow

45.04

ERIE Price/Sales (Trailing)

ERIE Profitability

EBT Margin

15.99%

Return on Equity

24.85%

Return on Assets

16.73%

Free Cashflow Yield

2.22%

ERIE Fundamentals

ERIE Revenue

Revenue (TTM)

3.2B

Rev. Growth (Yr)

15.88%

Rev. Growth (Qtr)

2.27%

ERIE Earnings

Earnings (TTM)

400.6M

Earnings Growth (Yr)

55.42%

Earnings Growth (Qtr)

11.19%

Breaking Down ERIE Revenue

Last 7 days

1.4%

Last 30 days

5.4%

Last 90 days

28.5%

Trailing 12 Months

50.9%

How does ERIE drawdown profile look like?

ERIE Financial Health

Current Ratio

1.28

ERIE Investor Care

Dividend Yield

1.35%

Dividend/Share (TTM)

4.76

Diluted EPS (TTM)

7.67

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.9B3.0B3.2B0
20222.7B2.7B2.8B2.8B
20212.5B2.6B2.6B2.6B
20202.5B2.5B2.5B2.5B
20192.4B2.4B2.5B2.5B
20181.9B2.0B2.2B2.4B
20171.6B1.6B1.7B1.7B
20161.5B1.6B1.6B1.6B
20151.4B1.5B1.5B1.5B
20145.0B4.0B2.8B1.4B
20135.6B5.8B5.9B6.3B
20125.0B4.9B5.6B5.5B
20115.0B5.4B4.8B4.8B
20104.8B4.5B4.6B4.9B
20093.1B3.5B3.9B4.3B
20080002.7B

Tracking the Latest Insider Buys and Sells of Erie Indemnity Co

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jan 31, 2024
feltz lorianne
acquired
1,401
345
4.054
executive vice president
Jan 31, 2024
pelkowski julie marie
acquired
1,249
345
3.613
evp & cfo
Jan 31, 2024
colaizzo louis f
acquired
0.34583
345
0.001
svp
Jan 31, 2024
smith douglas edward
acquired
605
345
1.75
evp
Dec 31, 2023
pelkowski julie marie
acquired
875
334
2.613
evp & cfo
Dec 31, 2023
smith douglas edward
acquired
38.1809
334
0.114
evp
Oct 31, 2023
smith douglas edward
acquired
51.0951
276
0.185
evp
Oct 31, 2023
pelkowski julie marie
acquired
93.076
276
0.337
evp & cfo
Oct 31, 2023
colaizzo louis f
acquired
1.10476
276
0.004
svp
Oct 31, 2023
feltz lorianne
acquired
121
276
0.439
executive vice president

1–10 of 50

Which funds bought or sold ERIE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-225,000
-
-%
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
new
-
335
335
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
2.16
448,000
3,170,000
-%
Feb 15, 2024
Farther Finance Advisors, LLC
added
62.5
6,011
13,062
-%
Feb 15, 2024
Baker Avenue Asset Management, LP
added
257,050
1,721,910
1,722,490
0.08%
Feb 15, 2024
BARCLAYS PLC
reduced
-48.47
-10,501,000
14,955,000
-%
Feb 15, 2024
Andra AP-fonden
added
33.85
2,966,680
8,607,440
0.46%
Feb 15, 2024
Tidal Investments LLC
added
26.21
430,347
1,411,020
0.03%
Feb 15, 2024
Legal & General Group Plc
added
19.8
12,920,900
48,250,600
0.01%
Feb 15, 2024
JANE STREET GROUP, LLC
reduced
-73.23
-11,878,000
5,217,380
-%

1–10 of 43

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 09, 2024
SC 13G/A
Major Ownership Report
Feb 01, 2024
4
Insider Trading
Feb 01, 2024
4
Insider Trading
Feb 01, 2024
4
Insider Trading
Feb 01, 2024
4
Insider Trading
Feb 01, 2024
4
Insider Trading
Feb 01, 2024
4
Insider Trading
Feb 01, 2024
4
Insider Trading
Feb 01, 2024
4
Insider Trading

What is the Fair Value of ERIE?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

Erie Indemnity Co News

Latest updates
Simply Wall St21 Feb 202412:00 pm
Yahoo Finance04 Jan 202408:00 am

Erie Indemnity Co Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue2.3%859840752701741726672636688680630609653657617597639648594576612
Operating Expenses0.7%710706642619635622588574593595554544557566531528533551508502515
EBITDA Margin8.6%0.16*0.15*0.14*0.13*0.13*0.14*0.14*0.14*0.15*0.15*0.15*----------
Interest Expenses-----0.001.001.001.001.001.001.001.000.000.000.000.000.000.000.001.001.00
Income Taxes4.8%33.0031.0023.0016.0022.0021.0018.0015.0024.0021.0019.0015.0022.0021.0017.0016.0025.0018.0020.0020.0024.00
Earnings Before Taxes9.8%16414910982.0010610187.0070.0011410093.0078.0011210276.0076.0012010696.0083.00104
EBT Margin8.6%0.16*0.15*0.14*0.13*0.13*0.14*0.14*0.14*0.15*0.15*0.15*----------
Net Income11.2%13111886.0065.0084.0080.0069.0055.0090.0079.0074.0063.0089.0082.0059.0060.0094.0088.0075.0062.0080.00
Net Income Margin9.0%0.13*0.12*0.11*0.11*0.10*0.11*0.11*0.11*0.12*0.12*0.12*----------
Free Cashflow-60.0%53.0013248.0012813283.0024.0013913694.0033.00----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets3.0%2,3952,3262,2242,2392,1782,1802,2242,2422,2372,1642,0992,1172,1592,0831,9572,0161,9751,8901,7991,7781,760
  Current Assets0.1%8748737847797247437517648317477027327938598108919359379621,169889
    Cash Equivalents-28.1%10314312214298.0090.00141184236156135161216258229337345338312266245
Liabilities0.3%783781737791821841890900950919891929912889841883855826786805838
  Current Liabilities4.4%681652612665634637601631614592571628606589542588569535503547545
  Short Term Borrowings------40.00---------------
  Long Term Debt-------91.0092.0092.0093.0093.0094.0094.0095.0095.0096.0096.0097.0097.0098.0098.00
    LT Debt, Current-------2.002.002.002.002.002.002.002.002.002.002.002.002.002.001.00
    LT Debt, Non Current-------91.0092.0092.0093.0093.0094.0094.0095.0095.0096.0096.0097.0097.0098.0098.00
Shareholder's Equity4.3%1,6121,5451,4871,4481,3571,3391,3341,3421,2871,2451,2081,1881,2471,1941,1171,1331,1191,0631,014974921
  Retained Earnings2.8%2,7522,6772,6142,5832,5732,5412,5122,4952,4922,4502,4192,3942,4722,4282,3912,3782,3632,3112,2652,2312,211
  Additional Paid-In Capital0%16.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.0016.00
Shares Outstanding-----------------46.0046.0046.00--
Float------4,900---4,900---4,800---6,300---
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-60.0%53.0013248.0012813283.0024.0013913694.0033.0010810710720.0012712390.0024.0089.00133
Cashflow From Investing33.0%-37.47-55.94-12.33-31.92-32.80-28.46-13.73-142-7.65-24.68-10.83-24.65-103-32.67-82.75-92.39-74.46-21.5464.00-28.42-47.32
Cashflow From Financing0.0%-55.42-55.42-55.42-51.69-91.69-105-52.22-48.72-48.71-48.71-48.70-138-45.43-45.44-45.42-42.40-42.38-42.42-42.37-39.12-39.12
  Dividend Payments0.0%55.0055.0055.0052.0052.0052.0052.0048.0048.0048.0048.0013845.0045.0045.0042.0042.0042.0042.0039.0039.00

ERIE Income Statement

2023-09-30
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenue    
Total operating revenue$ 858,938$ 741,236$ 2,451,273$ 2,139,489
Operating expenses    
Total operating expenses710,467634,7642,058,1011,844,705
Operating income148,471106,472393,172294,784
Investment income    
Net investment income14,6425,83430,36024,606
Net realized and unrealized investment losses(2,227)(6,230)(9,246)(23,833)
Net impairment losses recognized in earnings(113)(175)(1,917)(429)
Total investment income (loss)12,302(571)19,197344
Interest expense011502,009
Other income3,0015629,6431,372
Income before income taxes163,774106,348422,012294,491
Income tax expense32,73422,03586,87961,412
Net income$ 131,040$ 84,313$ 335,133$ 233,079
Class A common stock    
Earnings per share - Basic and diluted:    
Common stock - basic (in dollars per share)$ 2.81$ 1.81$ 7.20$ 5.00
Common stock - diluted (in dollars per share)$ 2.51$ 1.61$ 6.41$ 4.46
Weighted average shares outstanding – Basic    
Common stock - basic (in shares)46,189,03746,189,02546,188,96246,188,878
Weighted average shares outstanding – Diluted    
Common stock - diluted (in shares)52,299,36952,296,41152,298,65552,297,685
Dividends declared per share    
Dividends declared (in dollars per share)$ 1.19$ 1.11$ 3.57$ 3.33
Class B common stock    
Earnings per share - Basic and diluted:    
Common stock - basic (in dollars per share)4222721,079751
Common stock - diluted (in dollars per share)$ 422$ 272$ 1,079$ 751
Weighted average shares outstanding – Basic    
Common stock - basic (in shares)2,5422,5422,5422,542
Weighted average shares outstanding – Diluted    
Common stock - diluted (in shares)2,5422,5422,5422,542
Dividends declared per share    
Dividends declared (in dollars per share)$ 178.50$ 166.50$ 535.50$ 499.50
Management fee revenue - policy issuance and renewal services    
Operating revenue    
Total operating revenue$ 649,049$ 551,666$ 1,840,478$ 1,584,213
Operating expenses    
Total operating expenses523,349466,1111,513,6901,352,050
Management fee revenue - administrative services    
Operating revenue    
Total operating revenue16,15114,65746,97643,446
Administrative services reimbursement revenue    
Operating revenue    
Total operating revenue187,118168,653544,411492,655
Operating expenses    
Total operating expenses187,118168,653544,411492,655
Service agreement revenue    
Operating revenue    
Total operating revenue$ 6,620$ 6,260$ 19,408$ 19,175

ERIE Balance Sheet

2023-09-30
STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 102,873$ 142,090
Available-for-sale securities69,82224,267
Receivables from Erie Insurance Exchange and affiliates, net620,683524,937
Prepaid expenses and other current assets71,48079,201
Accrued investment income8,9688,301
Total current assets873,826778,796
Available-for-sale securities, net845,415870,394
Equity securities79,51672,560
Fixed assets, net434,975413,874
Agent loans, net59,54460,537
Defined benefit pension plan65,1630
Other assets36,11043,295
Total assets2,394,5492,239,456
Current liabilities:  
Commissions payable357,614300,028
Agent bonuses50,25295,166
Accounts payable and accrued liabilities165,797165,915
Dividends payable55,41955,419
Contract liability40,83136,547
Deferred executive compensation11,00012,036
Total current liabilities680,913665,111
Defined benefit pension plans27,74451,224
Contract liability19,65317,895
Deferred executive compensation18,54713,724
Deferred income taxes, net11,04514,075
Other long-term liabilities24,75829,019
Total liabilities782,660791,048
Shareholders’ equity  
Additional paid-in-capital16,46616,481
Accumulated other comprehensive loss(12,794)(7,414)
Retained earnings2,752,1372,583,261
Total contributed capital and retained earnings2,757,9792,594,498
Treasury stock, at cost; 22,110,132 shares held(1,168,761)(1,168,949)
Deferred compensation22,67122,859
Total shareholders’ equity1,611,8891,448,408
Total liabilities and shareholders’ equity2,394,5492,239,456
Class A common stock  
Shareholders’ equity  
Common stock1,9921,992
Class B common stock  
Shareholders’ equity  
Common stock$ 178$ 178
ERIE
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
 WEBSITEwww.erieinsurance.com
 EMPLOYEES5970

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 Thu Feb 22 2024, market cap of Erie Indemnity Co is 16.25 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 Thu Feb 22 2024, ERIE's PE ratio (Price to Earnings) is 40.57 and Price to Sales (PS) ratio is 5.16. 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 0.207 (multiply by 100 for percentage) rate of return.