Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.
No risks detected for ERIE from our risk checks.
Erie Indemnity Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$184.06|
|52 Week High||US$168.87|
|52 Week Low||US$266.77|
|1 Month Change||6.49%|
|3 Month Change||-4.26%|
|1 Year Change||-9.47%|
|3 Year Change||45.50%|
|5 Year Change||80.72%|
|Change since IPO||1,038.51%|
Recent News & Updates
|ERIE||US Insurance||US Market|
Return vs Industry: ERIE underperformed the US Insurance industry which returned 36.3% over the past year.
Return vs Market: ERIE underperformed the US Market which returned 31.5% over the past year.
Stable Share Price: ERIE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ERIE's weekly volatility (3%) has been stable over the past year.
About the Company
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. Its sales related services include 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 Fundamentals Summary
|ERIE fundamental statistics|
Is ERIE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ERIE income statement (TTM)|
|Cost of Revenue||US$2.25b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||5.83|
|Net Profit Margin||11.84%|
How did ERIE perform over the long term?See historical performance and comparison
2.2%Current Dividend Yield
Does ERIE pay a reliable dividends?See ERIE dividend history and benchmarks
|Erie Indemnity dividend dates|
|Ex Dividend Date||Oct 04 2021|
|Dividend Pay Date||Oct 20 2021|
|Days until Ex dividend||10 days|
|Days until Dividend pay date||26 days|
Does ERIE pay a reliable dividends?See ERIE dividend history and benchmarks
Is Erie Indemnity undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ERIE ($184.06) is trading above our estimate of fair value ($133.11)
Significantly Below Fair Value: ERIE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ERIE is poor value based on its PE Ratio (27.9x) compared to the US Insurance industry average (9.4x).
PE vs Market: ERIE is poor value based on its PE Ratio (27.9x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: ERIE is poor value based on its PEG Ratio (5.4x)
Price to Book Ratio
PB vs Industry: ERIE is overvalued based on its PB Ratio (6.8x) compared to the US Insurance industry average (1.1x).
How is Erie Indemnity forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ERIE's forecast earnings growth (5.2% per year) is above the savings rate (2%).
Earnings vs Market: ERIE's earnings (5.2% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: ERIE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ERIE's revenue (4% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: ERIE's revenue (4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ERIE's Return on Equity is forecast to be high in 3 years time
How has Erie Indemnity performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ERIE has high quality earnings.
Growing Profit Margin: ERIE's current net profit margins (11.8%) are higher than last year (11.8%).
Past Earnings Growth Analysis
Earnings Trend: ERIE's earnings have grown by 10.7% per year over the past 5 years.
Accelerating Growth: ERIE's earnings growth over the past year (3.2%) is below its 5-year average (10.7% per year).
Earnings vs Industry: ERIE earnings growth over the past year (3.2%) underperformed the Insurance industry 76%.
Return on Equity
High ROE: ERIE's Return on Equity (24.5%) is considered high.
How is Erie Indemnity's financial position?
Financial Position Analysis
Short Term Liabilities: ERIE's short term assets ($746.8M) exceed its short term liabilities ($591.9M).
Long Term Liabilities: ERIE's short term assets ($746.8M) exceed its long term liabilities ($326.7M).
Debt to Equity History and Analysis
Debt Level: ERIE's debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ERIE's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ERIE's debt is well covered by operating cash flow (361.6%).
Interest Coverage: ERIE earns more interest than it pays, so coverage of interest payments is not a concern.
What is Erie Indemnity current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ERIE's dividend (2.25%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: ERIE's dividend (2.25%) is low compared to the top 25% of dividend payers in the US market (3.67%).
Stability and Growth of Payments
Stable Dividend: ERIE's dividends per share have been stable in the past 10 years.
Growing Dividend: ERIE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (69.9%), ERIE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim NeCastro (61 yo)
Mr. Timothy Gerard NeCastro, also known as Tim, CPA, CIC, is President of Erie Indemnity Company since January 1, 2017 and its Chief Executive Officer since August 2016. Mr. NeCastro is President and Chief...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD5.26M) is about average for companies of similar size in the US market ($USD6.52M).
Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.
Experienced Management: ERIE's management team is seasoned and experienced (5.9 years average tenure).
Experienced Board: ERIE's board of directors are considered experienced (8.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Erie Indemnity Company's employee growth, exchange listings and data sources
- Name: Erie Indemnity Company
- Ticker: ERIE
- Exchange: NasdaqGS
- Founded: 1925
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Market Cap: US$8.502b
- Shares outstanding: 46.19m
- Website: https://www.erieinsurance.com
Number of Employees
- Erie Indemnity Company
- 100 Erie Insurance Place
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 22:34|
|End of Day Share Price||2021/09/22 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.