NasdaqGS:ERIE

Stock Analysis Report

Executive Summary

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Rewards

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Risk Analysis

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Snowflake Analysis

Outstanding track record average dividend payer.


Similar Companies

Share Price & News

How has Erie Indemnity's share price performed over time and what events caused price changes?


Latest Share Price and Events

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Market Performance


7 Day Return

-0.1%

ERIE

0%

US Insurance

0%

US Market


1 Year Return

28.6%

ERIE

0%

US Insurance

0%

US Market

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Shareholder returns

ERIEIndustryMarket
7 Day-0.1%0%0%
30 Day-6.1%0%0%
90 Day-21.4%0%0%
1 Year31.3%28.6%0%0%0%0%
3 Year59.0%47.5%0%0%0%0%
5 Year113.4%86.2%0%0%0%0%

Price Volatility Vs. Market

How volatile is Erie Indemnity's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Erie Indemnity undervalued compared to its fair value and its price relative to the market?

27.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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Price To Earnings Ratio

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Price to Earnings Growth Ratio

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Price to Book Ratio

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Next Steps

Future Growth

How is Erie Indemnity forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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Earnings per Share Growth Forecasts


Future Return on Equity

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Next Steps

Past Performance

How has Erie Indemnity performed over the past 5 years?

13.5%

Historical annual earnings growth


Earnings and Revenue History

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Past Earnings Growth Analysis

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Return on Equity

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Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Erie Indemnity's financial position?


Financial Position Analysis

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Debt to Equity History and Analysis

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Balance Sheet

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Next Steps

Dividend

What is Erie Indemnity's current dividend yield, its reliability and sustainability?

2.13%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%0%markettop25%0%industryaverage0%forecastin3Years2.1%

Current dividend yield vs market & industry

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Stability and Growth of Payments

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Current Payout to Shareholders

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Future Payout to Shareholders

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Next Steps

Management

What is the CEO of Erie Indemnity's salary, the management and board of directors tenure and is there insider trading?

4.2yrs

Average management tenure


CEO

Tim NeCastro (59yo)

3.3yrs

Tenure

US$3,495,963

Compensation

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

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Management Age and Tenure

4.2yrs

Average Tenure

56yo

Average Age

Information is not available.


Board Age and Tenure

9.6yrs

Average Tenure

66yo

Average Age

Information is not available.


Insider Trading

Information is not available.


Recent Insider Transactions

SellUS$4,200,06618 Sep 19
John Borneman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceUS$210.00
BuyUS$165,02413 Jun 19
Elizabeth Ann Vorsheck
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares686
Max PriceUS$240.56
SellUS$1,764,71027 Mar 19
John Borneman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$176.60
BuyUS$20,01425 Mar 19
Brian Hudson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares115
Max PriceUS$174.03
BuyUS$99,75002 Jan 19
Louis Colaizzo
EntityIndividual
Shares750
Max PriceUS$133.00
BuyUS$40,57828 Dec 18
Salvatore Correnti
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares320
Max PriceUS$126.81

Ownership Breakdown

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Management Team

  • Tim NeCastro (59yo)

    President & CEO

    • Tenure: 3.3yrs
    • Compensation: US$3.50m
  • Brad Postema

    Senior VP & Chief Investment Officer

    • Tenure: 7.5yrs
    • Compensation: US$1.04m
  • Charles Fletcher

    Senior Vice President of Sales & Marketing

    • Tenure: 0yrs
  • Bob Ingram (60yo)

    Executive VP & Chief Information Officer

    • Tenure: 7.3yrs
    • Compensation: US$1.33m
  • Doug Smith (45yo)

    Executive Vice President of Sales & Products

    • Tenure: 3.1yrs
  • Greg Gutting (56yo)

    Executive VP & CFO

    • Tenure: 4.2yrs
    • Compensation: US$1.13m
  • Bill Matrogran

    Vice President of Construction Management & Operations

    • Tenure: 0yrs
  • Scott Beilharz

    Vice President of Capital Management & Investor Relations

    • Tenure: 7.9yrs
  • Julie Pelkowski (49yo)

    Senior VP & Controller

    • Tenure: 0yrs
  • Sheryl Rucker

    Senior Vice President of Law Division

    • Tenure: 1.7yrs

Board Members

  • Eugene Connell (64yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$157.50k
  • George Lucore (68yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$153.00k
  • Tom Hagen (83yo)

    Chairman of the Board

    • Tenure: 12.3yrs
    • Compensation: US$254.28k
  • John Borneman (80yo)

    Director

    • Tenure: 27.7yrs
    • Compensation: US$154.00k
  • Sal Correnti (58yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$123.00k
  • Charles Hartz (73yo)

    Independent Director

    • Tenure: 16.7yrs
    • Compensation: US$147.00k
  • Jonathan Hagen (56yo)

    Vice Chairman of the Board

    • Tenure: 6.9yrs
    • Compensation: US$172.00k
  • Thomas Palmer (71yo)

    Independent Director

    • Tenure: 13.7yrs
    • Compensation: US$189.00k
  • Elizabeth Ann Vorsheck (63yo)

    Independent Director

    • Tenure: 12.7yrs
    • Compensation: US$156.63k
  • Brian Hudson (64yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$178.50k

Company Information

Erie Indemnity Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Erie Indemnity Company
  • Ticker: ERIE
  • Exchange: NasdaqGS
  • Founded: 1925
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$7.739b
  • Shares outstanding: 46.19m
  • Website: https://www.erieinsurance.com

Number of Employees


Location

  • Erie Indemnity Company
  • 100 Erie Insurance Place
  • Erie
  • Pennsylvania
  • 16530
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ERIENasdaqGS (Nasdaq Global Select)YesClass A Non-Voting Common StockUSUSDOct 1995

Biography

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, and policy issuance service ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/08 23:35
End of Day Share Price2019/12/06 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.