Erie Indemnity Stock Analysis

ERIE
 Stock
  

USD 268.83  3.90  1.43%   

The latest surge in Erie Indemnity short term price appreciation could raise concerns from shareholders as the firm is trading at a share price of 268.83 on 73,600 in volume. The company executives have successfully maneuvered the firm at convenient times to take advantage of all market conditions in October. The stock standard deviation of daily returns for 90 days investing horizon is currently 1.77. The below-average Stock volatility is a good sign for longer-term investment options and for buy-and-hold investors.
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The Erie Indemnity stock analysis report makes it easy to digest most publicly released information about Erie Indemnity and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Erie Indemnity Stock analysis module also helps to analyze the Erie Indemnity price relationship with some important fundamental indicators such as market cap and management efficiency.

Erie Indemnity Stock Analysis Notes

About 46.0% of the company shares are held by company insiders. The company recorded earning per share (EPS) of 5.88. Erie Indemnity last dividend was issued on the 4th of October 2022. The entity had 3:1 split on the 13th of May 1996. Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania. Erie Indemnity operates under Insurance Brokers classification in the United States and is traded on NASDAQ Exchange. It employs 5805 people. To learn more about Erie Indemnity call Terrence Cavanaugh at 814 870-2000 or check out www.erieinsurance.com.

Erie Indemnity Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Erie Indemnity's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Erie Indemnity or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
About 46.0% of the company shares are held by company insiders
On 20th of October 2022 Erie Indemnity paid $ 1.11 per share dividend to its current shareholders
Latest headline from news.google.com: Dont Ignore The Fact That This Insider Just Sold Some Shares In Erie Indemnity Company - Simply Wall St

Erie Indemnity Upcoming and Recent Events

Earnings reports are used by Erie Indemnity to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Erie Indemnity previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report24th of February 2022
Next Financial Report5th of May 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End24th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Erie Indemnity Largest EPS Surprises

Earnings surprises can significantly impact Erie Indemnity's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2001-02-21
2000-12-310.50.45-0.0510 
2000-04-19
2000-03-310.450.50.0511 
1999-07-20
1999-06-300.480.530.0510 
View All Earnings Estimates

Erie Indemnity SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Erie Indemnity prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Erie Indemnity investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Erie Indemnity specific information freely available to individual and institutional investors to make a timely investment decision.
28th of July 2022
Financial Statements and Exhibits. Other Events. Results of Operations and Financial Condition
View
28th of April 2022
Financial Statements and Exhibits. Other Events. Submission of Matters to a Vote of Security Holders. Results of Operations and Financial Condition
View
15th of March 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
28th of February 2022
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
24th of February 2022
Financial Statements and Exhibits. Other Events. Results of Operations and Financial Condition
View
11th of February 2022
Unclassified Corporate Event
View
10th of February 2022
Unclassified Corporate Event
View

Erie Indemnity Thematic Classifications

In addition to having Erie Indemnity stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Insurance Providers
All types of insurance and insurance brokerages

Erie Indemnity Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Erie Indemnity is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Erie Indemnity backward and forwards among themselves. Erie Indemnity's institutional investor refers to the entity that pools money to purchase Erie Indemnity's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon SharesK568 K
Zurcher Kantonalbank Zurich CantonalbankCommon SharesK521 K
Zurcher Kantonalbank Zurich CantonalbankCommon SharesK777 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.7 K837 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.7 K907 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.7 KM
Zurcher Kantonalbank Zurich CantonalbankCommon Shares4.6 K1.1 M
Note, although Erie Indemnity's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Erie Indemnity Market Capitalization

The company currently falls under 'Large-Cap' category with current market capitalization of 14.26 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Erie Indemnity's market, we take the total number of its shares issued and multiply it by Erie Indemnity's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Erie Indemnity Profitablity

Erie Indemnity's profitability indicators refer to fundamental financial ratios that showcase Erie Indemnity's ability to generate income relative to its revenue or operating costs. If, let's say, Erie Indemnity is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Erie Indemnity's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Erie Indemnity's profitability requires more research than a typical breakdown of Erie Indemnity's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 10.8 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 14.38 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.14.
Last ReportedProjected for 2022
Return on Average Assets 15.06  16.25 
Return on Average Equity 28.33  24.86 
Return on Invested Capital 0.25  0.24 
Return on Sales 0.14  0.15 

Management Efficiency

The entity has return on total asset (ROA) of 9.96 % which means that it generated profit of $9.96 on every $100 spent on asset. This is normal as compared to the sector avarege. Similarly, it shows return on stockholders equity (ROE) of 22.75 %, meaning that it created $22.75 on every $100 dollars invested by stockholders. Erie Indemnity management efficiency ratios could be used to measure how well erie indemnity manages its routine affairs as well as how well it operates its assets and liabilities. Erie Indemnity Return on Sales is projected to increase slightly based on the last few years of reporting. The past year's Return on Sales was at 0.14. Erie Indemnity Current Assets are projected to increase significantly based on the last few years of reporting. The past year's Current Assets were at 763.73 Million. The current year Tax Assets is expected to grow to about 148.8 K, whereas Assets Non Current are forecasted to decline to about 1.4 B.
Last ReportedProjected for 2022
Book Value per Share 29.06  26.54 
Enterprise Value over EBIT 23.00  21.26 
Enterprise Value over EBITDA 23.01  21.36 
Price to Book Value 6.63  7.09 
Tangible Assets Book Value per Share 48.54  49.81 
Enterprise Value8.8 B7.8 B
Tangible Asset Value2.2 B2.3 B

Technical Drivers

As of the 27th of November, Erie Indemnity shows the Mean Deviation of 1.36, coefficient of variation of 494.78, and Downside Deviation of 1.78. Erie Indemnity technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Erie Indemnity, which can be compared to its rivals. Please confirm Erie Indemnity standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Erie Indemnity is priced favorably, providing market reflects its regular price of 268.83 per share. Given that Erie Indemnity has jensen alpha of 0.3183, we urge you to verify Erie Indemnity's prevailing market performance to make sure the company can sustain itself at a future point.

Erie Indemnity Price Movement Analysis

The output start index for this execution was thirty-two with a total number of output elements of twenty-nine. The MESA Adaptive Moving Average indicator adapts to Erie Indemnity price movement based on the rate change of phase as measured by the Hilbert Transform Discriminator.
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Erie Indemnity Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Erie Indemnity insiders, such as employees or executives, is commonly permitted as long as it does not rely on Erie Indemnity's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Erie Indemnity insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Correnti Salvatore over three months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Correnti Salvatore
Borneman J Ralph Jr 1 over three months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Borneman J Ralph Jr 1
Borneman J Ralph Jr 1 over three months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Borneman J Ralph Jr 1
Bolash Brian W over three months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Bolash Brian W
Elizabeth Vorsheck over three months ago via Macroaxis 
Acquisition by Elizabeth Vorsheck of tradable shares of Erie Indemnity subject to Rule 16b-3
Lorianne Feltz over three months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Lorianne Feltz
Lorianne Feltz over three months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Lorianne Feltz
Douglas Smith over three months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Douglas Smith
Douglas Smith over six months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Douglas Smith
Brian Hudson over six months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Brian Hudson
Correnti Salvatore over six months ago via Macroaxis 
Acquisition or disposition of Erie Indemnity securities by Correnti Salvatore
LuAnn Datesh over six months ago via Macroaxis 
Erie Indemnity exotic insider transaction detected

Erie Indemnity Predictive Daily Indicators

Erie Indemnity intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Erie Indemnity stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Erie Indemnity Forecast Models

Erie Indemnity time-series forecasting models is one of many Erie Indemnity's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Erie Indemnity's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Erie Indemnity Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Erie Indemnity prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Erie Indemnity shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Erie Indemnity. By using and applying Erie Indemnity Stock analysis, traders can create a robust methodology for identifying Erie Indemnity entry and exit points for their positions.
Last ReportedProjected for 2022
EBITDA Margin 0.14  0.15 
Gross Margin 0.12  0.12 
Profit Margin 10.77  8.61 

Be your own money manager

As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Erie Indemnity to your portfolios without increasing risk or reducing expected return.

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Is Erie Indemnity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erie Indemnity. If investors know Erie Indemnity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erie Indemnity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.06) 
Market Capitalization
14.1 B
Quarterly Revenue Growth YOY
0.078
Return On Assets
0.1
Return On Equity
0.22
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie Indemnity that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine Erie Indemnity value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.