Erie Indemnity Company
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- Market Cap.:
- $11.99 billion
- Book Value:
- Revenue TTM:
- $2.84 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $376.21 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Erie Indemnity Company had its IPO on 1995-10-02 under the ticker symbol ERIE.
The company operates in the Financial Services sector and Insurance Brokers industry. Erie Indemnity Company has a staff strength of 5,970 employees.
Shares of Erie Indemnity Company opened at $233.94 at the start of the last trading session i.e. 2023-03-19.
The stocks traded within a range of $228.06 - $233.94, and closed at $229.23.
This is a -1.38% slip from the previous day's closing price.
A total volume of 164,300 shares were traded at the close of the day’s session.
In the last one week, shares of Erie Indemnity Company have slipped by -0.19%.
Erie Indemnity Company's Key Ratios
Erie Indemnity Company has a market cap of $11.99 billion, indicating a price to book ratio of 10.2878 and a price to sales ratio of 5.1216.
In the last 12-months Erie Indemnity Company’s revenue was $2.84 billion with a gross profit of $376.21 million and an EBITDA of $428.41 million. The EBITDA ratio measures Erie Indemnity Company's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Erie Indemnity Company’s operating margin was 13.46% while its return on assets stood at 10.66% with a return of equity of 21.4%.
In Q4, Erie Indemnity Company’s quarterly earnings growth was a positive 18.5% while revenue growth was a positive 10.2%.
Erie Indemnity Company’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $5.45 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 3.05. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Erie Indemnity Company’s profitability.
Erie Indemnity Company stock is trading at a EV to sales ratio of 4.9706 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 5.1216.
Erie Indemnity Company stock pays annual dividends of $4.52 per share, indicating a yield of 2.04% and a payout ratio of 80.7%.
Balance sheet and cash flow metrics
- Total Assets
- $2.24 billion
- Total Liabilities
- $665.11 million
- Operating Cash Flow
- Capital Expenditure
- $16.32 million
- Dividend Payout Ratio
Erie Indemnity Company ended 2023 with $2.24 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.24 billion while shareholder equity stood at $1.45 billion.
Erie Indemnity Company ended 2023 with $27.80 million in deferred long-term liabilities, $665.11 million in other current liabilities, 1992000.00 in common stock, $2.58 billion in retained earnings and $0 in goodwill. Its cash balance stood at $142.09 million and cash and short-term investments were $166.36 million. The company’s total short-term debt was $300,028,000 while long-term debt stood at $0.
Erie Indemnity Company’s total current assets stands at $778.80 million while long-term investments were $930.93 million and short-term investments were $24.27 million. Its net receivables were $524.94 million compared to accounts payable of $233.37 million and inventory worth $0.
In 2023, Erie Indemnity Company's operating cash flow was $-31925000.00 while its capital expenditure stood at $16.32 million.
Comparatively, Erie Indemnity Company paid $0.81 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Erie Indemnity Company stock is currently trading at $229.23 per share. It touched a 52-week high of $285.1003 and a 52-week low of $285.1003. Analysts tracking the stock have a 12-month average target price of $115.
Its 50-day moving average was $241.22 and 200-day moving average was $228.54 The short ratio stood at 8.89 indicating a short percent outstanding of 0%.
Around 4554.6% of the company’s stock are held by insiders while 3695.1% are held by institutions.
Frequently Asked Questions About Erie Indemnity Company
Similar Industry Stocks (Insurance Brokers)
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.