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Financial Services - Insurance - Brokers - NASDAQ - US
$ 405.0
-0.273 %
$ 18.7 B
Market Cap
38.35
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one ERIE stock under the base case scenario is HIDDEN Compared to the current market price of 405 USD, Erie Indemnity Company is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ERIE

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FINANCIALS
3.27 B REVENUE
15.07%
520 M OPERATING INCOME
37.47%
446 M NET INCOME
49.40%
381 M OPERATING CASH FLOW
4.11%
-158 M INVESTING CASH FLOW
-47.36%
-222 M FINANCING CASH FLOW
26.32%
1 B REVENUE
1.18%
180 M OPERATING INCOME
-4.40%
-288 M NET INCOME
-175.99%
199 M OPERATING CASH FLOW
51.54%
-90.8 M INVESTING CASH FLOW
-72.47%
-57.8 M FINANCING CASH FLOW
-9.02%
Balance Sheet Decomposition Erie Indemnity Company
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Current Assets 930 M
Cash & Short-Term Investments 226 M
Receivables 635 M
Other Current Assets 69.3 M
Non-Current Assets 1.54 B
Long-Term Investments 963 M
PP&E 443 M
Other Non-Current Assets 136 M
Current Liabilities 709 M
Accounts Payable 171 M
Short-Term Debt 0
Other Current Liabilities 538 M
Non-Current Liabilities 100 M
Long-Term Debt 0
Other Non-Current Liabilities 100 M
EFFICIENCY
Earnings Waterfall Erie Indemnity Company
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Revenue 3.27 B
Cost Of Revenue 2.75 B
Gross Profit 520 M
Operating Expenses 0
Operating Income 520 M
Other Expenses 74.2 M
Net Income 446 M
RATIOS
15.92% GROSS MARGIN
15.92%
15.92% OPERATING MARGIN
15.92%
13.65% NET MARGIN
13.65%
26.83% ROE
26.83%
18.04% ROA
18.04%
24.84% ROIC
24.84%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Erie Indemnity Company
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Net Income 446 M
Depreciation & Amortization 53.6 M
Capital Expenditures -92.6 M
Stock-Based Compensation 0
Change in Working Capital -148 M
Others -125 M
Free Cash Flow 289 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Erie Indemnity Company
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ERIE has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.24% DIVIDEND YIELD
1.27 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Erie Indemnity Company
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Sold
0-3 MONTHS
243 K USD 1
3-6 MONTHS
227 K USD 1
6-9 MONTHS
4.07 M USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Aug 27, 2024
Sell 243 K USD
HARTZ CHARLES SCOTT
Director
- 500
485.8288 USD
3 months ago
Aug 13, 2024
Sell 227 K USD
HARTZ CHARLES SCOTT
Director
- 500
453.2643 USD
8 months ago
Feb 29, 2024
Sell 4.07 M USD
BORNEMAN J RALPH JR
Director
- 10000
407.3766 USD
1 year ago
Aug 18, 2023
Sell 565 K USD
Cipriani Marc
Senior Vice President
- 2000
282.522 USD
1 year ago
Mar 17, 2023
Bought 0 USD
Hagen Thomas B
Director
+ 20
0 USD
2 years ago
Nov 11, 2022
Sell 190 K USD
Cipriani Marc
Senior Vice President
- 750
252.715 USD
3 years ago
Sep 22, 2021
Bought 74.1 K USD
Hagen Thomas B
Director
+ 400
185.1607 USD
7. News
Erie Indemnity Q3 Earnings Top on Higher Management Fee Revenues ERIE's Q3 results reflect higher management fees and increased net investment income, offset by higher expenses. zacks.com - 1 week ago
Erie Indemnity Company (ERIE) Q3 2024 Earnings Call Transcript Erie Indemnity Company (NASDAQ:ERIE ) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Scott Beilharz - VP, IR Tim NeCastro - President and CEO Julie Pelkowski - EVP and CFO Operator Good morning, and welcome to the Erie Indemnity Company Third Quarter 2024 Earnings Conference Call. This call was prerecorded, and there will be no question-and-answer session following the recording. seekingalpha.com - 2 weeks ago
Erie Indemnity (ERIE) Q3 Earnings and Revenues Beat Estimates Erie Indemnity (ERIE) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $2.51 per share a year ago. zacks.com - 2 weeks ago
Erie Indemnity Reports Third Quarter 2024 Results Net Income per Diluted Share was $3.06 for the Quarter and $8.57 for the Nine Months of 2024 ERIE, Pa. , Oct. 31, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter and nine months ending September 30, 2024. prnewswire.com - 2 weeks ago
Erie Indemnity Set to Report Q3 Earnings: What to Expect ERIE's third-quarter results are likely to benefit from improved performance at both the personal and commercial lines. zacks.com - 2 weeks ago
What To Expect From Erie Indemnity Ahead Of Q3 2024 Earnings Erie Indemnity's Q2 results were strong, with EPS of $3.13 beating estimates and revenue increasing by 17.9% year-over-year to $990.44 million. Despite recent stock resistance, Erie's strong management fee revenue and customer retention highlight its robust business model and growth potential. More recently, ERIE stock fell: investors may have reacted to potential higher operational costs and Federal Reserve interest rate concerns, causing recent stock price fluctuations. seekingalpha.com - 2 weeks ago
Erie Indemnity's run is run by the algorithm, says Herb Greenberg Herb Greenberg, Herb Greenberg on the street editor, joins 'Power Lunch' to discuss the risks and rewards of Erie Indemnity. youtube.com - 1 month ago
Erie Indemnity to host third quarter 2024 pre-recorded conference call and webcast ERIE, Pa. , Oct. 2, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the third quarter on Friday, Nov 1 st, at 10 a.m. Eastern Time. prnewswire.com - 1 month ago
Jim Cramer analyzes the top performers of Q3 'Mad Money' host Jim Cramer looks back at the third quarter's top performers. youtube.com - 1 month ago
Cramer reviews the S&P 500's top ten performers during the third quarter On Tuesday, CNBC's Jim Cramer told investors to remember the market's solid performance over the past quarter, suggesting things have broadened considerably beyond Big Tech. He reviewed the top performers on the S&P 500 over the past three months, including Kellanova, GE Vernova and Palantir. cnbc.com - 1 month ago
Cramer reviews the S&P 500's top ten performers during the third quarter On Tuesday, CNBC's Jim Cramer told investors to remember the market's solid performance over the past quarter, suggesting things have broadened considerably beyond Big Tech. He reviewed the top performers on the S&P 500 over the past three months, including Kellanova, GE Vernova and Palantir. cnbc.com - 1 month ago
Palantir and Dell Are Set to Join the S&P 500 Monday. Here's What That Means. The S&P 500 gets three new members Monday, with Palantir Technologies (PLTR), Dell Technologies (DELL) and Erie Indemnity (ERIE) set to join the benchmark index. investopedia.com - 1 month ago
Buy 4 Low-Beta Stocks & Forget About Volatility: ERIE, SFM, AVO, ABL It is imperative to build a portfolio of low-beta stocks to sail through a volatile market. ERIE, SFM, AVO & ABL are well-poised to gain. zacks.com - 1 month ago
8. Profile Summary

Erie Indemnity Company ERIE

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COUNTRY US
INDUSTRY Insurance - Brokers
MARKET CAP $ 18.7 B
Dividend Yield 0.24%
Description 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.
Contact 100 Erie Insurance Place, Erie, PA, 16530-0001 https://www.erieinsurance.com
IPO Date Oct. 2, 1995
Employees 6481
Officers Mr. Charles Michael Fletcher C.I.C. Senior Vice President of Sales & Marketing Ms. Julie Marie Pelkowski CPA Executive Vice President & Chief Financial Officer Mr. Ronald Steven Habursky Senior Vice President & Chief Investment Officer Mr. Timothy Gerard NeCastro C.I.C., CPA President & Chief Executive Officer Mr. Scott W. Beilharz Vice President of Capital Management & Investor Relations Mr. Brian William Bolash Esq. Executive Vice President, Corporate Secretary & General Counsel Mr. Bill Matrogran Vice President of Construction Management & Operations Mr. Parthasarathy Srinivasa Executive Vice President & Chief Information Officer Mr. Sean David Dugan AU, C.I.C., C.P.C.U. Executive Vice President of Human Resources & Corporate Services Mr. Douglas Edward Smith C.P.C.U., FCAS, MAAA Executive Vice President of Sales & Products