Erie Indemnity/ERIE

$367.82

-0.06%
-
1D1W1MYTD1YMAX

About Erie Indemnity

Erie Indemnity Company serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty subsidiaries, including Erie Insurance Company, Erie Insurance Company of New York, Erie Insurance Property & Casualty Company, and Flagship City Insurance Company. The Exchange also has a wholly owned life insurance company, Erie Family Life Insurance Company (EFL). Its primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. It also acts as attorney-in-fact on behalf of the subscribers at the Exchange with respect to all claims handling and investment management services, as well as the service provider for all claims handling, life insurance and investment management services for the Exchange's insurance subsidiaries (collectively, administrative services).

Ticker

ERIE

Sector

Financials

Trading on

NASDAQ

Industry

Insurance (Prop. & Casualty)

CEO

Timothy Necastro

Employees

6,481

Headquarters

Erie, United States

Erie Indemnity Metrics

BasicAdvanced
$20B
Market cap
45.56
P/E ratio
$8.29
EPS
0.48
Beta
$4.85
Dividend rate
1.35%
Dividend yield
$20B
0.48169
$420.34
$199.49
82K
$4.85
1.295
47.4%
20.27%
30.15%
28.16%
45.563
5.817
11.447
11.447
200.033
1.75%
1.28%
1.35%
16.32%
53.18%
8.82%
15.01%
7.24%

Erie Indemnity Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
14.13% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$881M
7.72%
Net income
$125M
12.26%
Profit margin
14.13%
4.2%

Erie Indemnity Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 3.93%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$2.25
$2.51
$2.12
$2.38
-
Expected
$1.91
$2.06
$2.03
$2.29
$2.58
Surprise
18.11%
22.14%
4.69%
3.93%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Erie Indemnity stock?

Erie Indemnity (ERIE) has a market cap of $20B as of May 30, 2024.

What is the P/E ratio for Erie Indemnity stock?

The price to earnings (P/E) ratio for Erie Indemnity (ERIE) stock is 45.56 as of May 30, 2024.

Does Erie Indemnity stock pay dividends?

Yes, the Erie Indemnity (ERIE) stock pays dividends to shareholders. As of May 30, 2024, the dividend rate is $4.845 and the yield is 1.35%. Erie Indemnity has a payout ratio of 47.4% on a trailing twelve-month basis.

When is the next Erie Indemnity dividend payment date?

The next Erie Indemnity (ERIE) dividend payment is scheduled for July 23, 2024.

What is the beta indicator for Erie Indemnity?

Erie Indemnity (ERIE) has a beta rating of 0.48. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Erie Indemnity stock price target?

The target price for Erie Indemnity (ERIE) stock is $, which is 100% below the current price of $367.82. This is an average based on projections from analyst, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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