Erie Indemnity Company

(NASDAQ:ERIE)

$507.78

Created with Raphaël 2.1.2-77-100100
STRONG SELL

Latest On Erie Indemnity Company (ERIE):

About Erie Indemnity Company (ERIE):

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 Company was incorporated in 1925 and is based in Erie, Pennsylvania.

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General

  • Name Erie Indemnity Company
  • Symbol ERIE
  • Type Common Stock
  • Exchange NASDAQ
  • Currency USD
  • Country USA
  • SectorFinancial Services
  • IndustryInsurance Brokers
  • Full Time Employees 5,849
  • Last Split Factor3:1
  • Last Split Date1996-05-13
  • Fiscal Year EndDecember
  • IPO Date1995-10-02
  • Gic SectorFinancials
  • Gic GroupInsurance
  • Gic IndustryInsurance
  • Gic SubIndustryProperty & Casualty Insurance
  • Web URLhttp://www.erieinsurance.com
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Valuation

  • Trailing PE 40.87
  • Price/Sales (Trailing 12 Mt.) 5.32
  • Price/Book (Most Recent Quarter) 10.3
  • Enterprise Value Revenue 4.74
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Financials

  • Most Recent Quarter 2020-12-31
  • Current Year EPS Estimate $5.93
  • Next Year EPS Estimate $6.44
  • Next Quarter EPS Estimate $1.41
  • Profit Margin 12%
  • Operating Margin 13%
  • Return on Assets 10%
  • Return on Equity 25%
  • Revenue 2.54 billion
  • Earnings Per Share $5.61
  • Revenue Per Share $48.51
  • Gross Profit 338.16 million
  • Quarterly Earnings Growth 2.1%
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ESG Rating

  • Rating Date 2019-01-01
  • ESG Score 27.66
  • Environment Score 5.43
  • Social Score 9.39
  • Governance Score 17.84
  • Controversy Level 2
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Highlights

  • Market Capitalization 11.99 billion
  • EBITDA 359.35 million
  • PE Ratio 44.26
  • PEG Ratio 3.05
  • Analyst Target Price $115
  • Book Value Per Share $22.72
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Share Statistics

  • Shares Outstanding 46.19 million
  • Shares Float 25.13 million
  • % Held by Insiders 4553%
  • % Held by Institutions 35.65%
  • Shares Short 963440
  • Shares Short Prior Month 922781
  • Short Ratio 16.68
  • Short % of Float 4%
  • Short % of Shares Outstanding 2%
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Technicals

  • Beta 0.42
  • 52 Week High $266.77
  • 52 Week Low $133.32
  • 50 Day Moving Average 245.93
  • 200 Day Moving Average 235.06
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Dividends

  • Forward Annual Dividend Rate $4.14
  • Forward Annual Dividend Yield 1.77%
  • Payout Ratio 91%
  • Dividend Date 2021-04-20
  • ExDividend Date 2021-04-05
  • Dividend Per Share $3.93
  • Dividend Yield 0.98%
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Erie Indemnity Company (ERIE) Dividend Calendar:

Erie Indemnity Company pays an annual dividend of $4.14 per share, with a dividend yield of 0.98%.
ERIE's last dividend payment was made to shareholders on April 20, 2021.
Erie Indemnity Company pays out 91% of its earnings out as a dividend.

Erie Indemnity Company (ERIE) Earnings History:

Companies typically report earnings on both a quarterly and annual basis. Earnings reported that deviate from analysts' expectations can have a large impact on a stock's price.


Erie Indemnity Company (ERIE) Company Financial Statements:

Financial statements are reports prepared by a company's management to present their financial performance and position at a point in time. A general-purpose set of financial statements usually includes a balance sheet, income statements, and statement of cash flows.

Income Statement:
Date Dec 31 2020 Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019
Research Development N/A N/A N/A N/A N/A
Income Before Tax N/A N/A 102.48 million N/A 75.65 million
Selling General Administrative N/A N/A N/A N/A 1.25 million
Gross Profit N/A N/A N/A N/A 68.7 million
Ebit N/A N/A N/A N/A 67.45 million
Operating Income N/A N/A N/A N/A 67.45 million
Income Tax Expense 15.43 million 22.48 million N/A 16.8 million 16.06 million
Total Revenue N/A N/A 670.9 million N/A 596.74 million
Cost of Revenue N/A N/A N/A N/A 528.04 million
Total Other Income Expense Net N/A N/A 158.41 million N/A 8.2 million
Net Income From Continuing Operations N/A N/A 81.98 million N/A 59.59 million
Net Income Applicable to Common Shares 62.79 million 89.22 million N/A 59.33 million 59.59 million
Cash Flow:
Date Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019 Sep 30 2019
Investments N/A N/A N/A -60.46 million -32.66 million
Change to Liabilities N/A N/A N/A N/A N/A
Total Cash Flow from Investing Activities -103.15 million N/A -82.75 million -92.39 million -74.46 million
Net Borrowings -491000 N/A -481000 -487000 -471000
Total Cash Flow from Financial Activities N/A N/A N/A -42.4 million -42.38 million
Change to Operating Activities N/A N/A N/A N/A N/A
Change in Cash N/A N/A N/A -8.13 million 6.61 million
Total Cash from Operating Activities 107.2 million N/A 20.08 million 126.66 million 123.45 million
Depreciation N/A N/A N/A N/A N/A
Other Cash Flow from Investing Activities N/A N/A N/A N/A N/A
Change to Inventory N/A N/A N/A N/A N/A
Change to Account Receivables N/A N/A N/A N/A N/A
Other Cash Flow from Financing Activities -44.94 million N/A N/A -41.91 million N/A
Change to Net Income 17.98 million N/A -39.25 million 67.07 million 29.28 million
Capital Expenditures N/A N/A N/A 33.68 million 34.1 million
Balance Sheet:
Date Dec 31 2020 Sep 30 2020 Jun 30 2020 Mar 31 2020 Dec 31 2019
Total Liabailities 929.07 million N/A 888.72 million N/A 882.99 million
Total Stockholder Equity 1.19 billion N/A 1.19 billion N/A 1.13 billion
Other Current Liabilities 147.08 million 82.36 million N/A N/A 80.88 million
Total Assets 2.12 billion N/A 2.08 billion N/A 2.02 billion
Common Stock 2.17 million 2.17 million N/A 2.17 million 2.17 million
Other Current Assets 211.16 million N/A N/A N/A N/A
Retained Earnings 2.39 billion 2.47 billion N/A 2.39 billion 2.38 billion
Other Liabilities N/A 211.33 million N/A 203.44 million 199.43 million
Other Assets N/A 112.45 million N/A 111.78 million 114.04 million
Cash N/A N/A 257.74 million N/A 336.74 million
Total Current Liabilities 627.67 million 606.46 million N/A N/A 587.71 million
Other Stockholder Equity -1.22 billion -80.7 million N/A -132.85 million -104.05 million
Property, Plant & Equipment N/A 254.91 million N/A 238.3 million 221.38 million
Total Current Assets 732.3 million 792.92 million N/A N/A 891.4 million
Long Term Investments 972.99 million N/A 895.68 million N/A 789.42 million
Net Tangible Assets 1.19 billion 1.25 billion N/A 1.12 billion 1.13 billion
Short Term Investments 17.7 million N/A 27.41 million N/A 35.19 million
Long Term Debt 93.83 million N/A 94.85 million N/A 95.84 million
Inventory N/A N/A N/A N/A N/A
Accounts Payable 216.23 million 148.08 million 420.18 million N/A 134.96 million

Erie Indemnity Company (ERIE) Chart:

Erie Indemnity Company (ERIE) News:

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Erie Indemnity Company (ERIE) Options:

A stock option is a contract between two parties in which the stock option buyer (holder) purchases the right (but not the obligation) to buy/sell 100 shares of an underlying stock at a predetermined price from/to the option seller (writer) within a fixed period of time.

Latest ERIE Trades:

Erie Indemnity Company (ERIE) SEC Filings:

An SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). Public companies, certain insiders, and broker-dealers are required to make regular SEC filings.

Erie Indemnity Company (ERIE) Insider Transactions:

Here you will find a list of insider trading activities (stock purchases, sales, and option exercises) reported by insiders of Erie Indemnity Company (ERIE). Company insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
Insider Ownership: 4553%
Institutional Ownership: 3565%