NASDAQ
ERIE

Erie Indemnity Company

Insurance Brokers
Financial Services

Prices are adjusted according to historical splits.

Erie Indemnity Company Stock Price

Vitals

Today's Low:
$283.245
Today's High:
$289.26
Open Price:
$283.96
52W Low:
$166.2955
52W High:
$283.6421
Prev. Close:
$282.94
Volume:
100430

Company Statistics

Market Cap.:
$11.27 billion
Book Value:
28.437
Revenue TTM:
$2.92 billion
Operating Margin TTM:
14.21%
Gross Profit TTM:
$376.21 million
Profit Margin:
10.83%
Return on Assets TTM:
11.67%
Return on Equity TTM:
22.42%

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 $283.96 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $283.25 - $289.26, and closed at $288.09.

This is a +1.82% increase from the previous day's closing price.

A total volume of 100,430 shares were traded at the close of the day’s session.

In the last one week, shares of Erie Indemnity Company have increased by +2.05%.

Erie Indemnity Company's Key Ratios

Erie Indemnity Company has a market cap of $11.27 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 $2.92 billion with a gross profit of $376.21 million and an EBITDA of $463.51 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 14.21% while its return on assets stood at 11.67% with a return of equity of 22.42%.

In Q1, Erie Indemnity Company’s quarterly earnings growth was a positive 26% while revenue growth was a positive 12%.

Erie Indemnity Company’s PE and PEG Ratio

Forward PE
0
Trailing PE
34.9854
PEG
3.05

Its diluted EPS in the last 12-months stands at $6.16 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 $4.6 per share, indicating a yield of 2.22% and a payout ratio of 76.16%.

Balance sheet and cash flow metrics

Total Assets
$2.22 billion
Total Liabilities
$611.57 million
Operating Cash Flow
$-12326000.00
Capital Expenditure
$19.14 million
Dividend Payout Ratio
76.16%

Erie Indemnity Company ended 2024 with $2.22 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.22 billion while shareholder equity stood at $1.49 billion.

Erie Indemnity Company ended 2024 with $28.72 million in deferred long-term liabilities, $611.57 million in other current liabilities, 2170000.00 in common stock, $2.61 billion in retained earnings and $0 in goodwill. Its cash balance stood at $122.38 million and cash and short-term investments were $179.85 million. The company’s total short-term debt was $322,910,000 while long-term debt stood at $0.

Erie Indemnity Company’s total current assets stands at $784.08 million while long-term investments were $917.51 million and short-term investments were $57.47 million. Its net receivables were $533.31 million compared to accounts payable of $491.05 million and inventory worth $0.

In 2024, Erie Indemnity Company's operating cash flow was $-12326000.00 while its capital expenditure stood at $19.14 million.

Comparatively, Erie Indemnity Company paid $0.76 in dividends in 2024.

Other key metrics

Current Trading Price
$288.09
52-Week High
$283.6421
52-Week Low
$166.2955
Analyst Target Price
$115

Erie Indemnity Company stock is currently trading at $288.09 per share. It touched a 52-week high of $283.6421 and a 52-week low of $283.6421. Analysts tracking the stock have a 12-month average target price of $115.

Its 50-day moving average was $249.79 and 200-day moving average was $239.2 The short ratio stood at 7.78 indicating a short percent outstanding of 0%.

Around 4551.4% of the company’s stock are held by insiders while 3695.6% are held by institutions.

Frequently Asked Questions About Erie Indemnity Company

The stock symbol (also called stock or share ticker) of Erie Indemnity Company is ERIE

The IPO of Erie Indemnity Company took place on 1995-10-02

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About

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.

Address

100 Erie Insurance Place, Erie, PA, United States, 16530-0001