Erie Indemnity Company

Company Profile

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.

Stock update

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

0

Trailing PE

42.0606

PEG

3.05

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

$-31925000.00

Capital Expenditure

$16.32 million

Dividend Payout Ratio

80.7%

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

$229.23

52-Week High

$285.1003

52-Week Low

$156.0283

Analyst Target Price

$115

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.