Erie Indemnity Stock Today


USD 215.24  1.36  0.63%   

Market Performance
13 of 100
Odds Of Distress
Less than 34
Erie Indemnity is trading at 215.24 as of the 27th of September 2022, a -0.63% down since the beginning of the trading day. The stock's lowest day price was 213.78. Erie Indemnity has about a 34 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Erie Indemnity are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of June 2022 and ending today, the 27th of September 2022. Click here to learn more.
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. The company has 46.19 M outstanding shares of which 644.26 K shares are currently shorted by private and institutional investors with about 11.81 trading days to cover. More on Erie Indemnity

Moving together with Erie Indemnity

+0.67AAPLApple Inc Fiscal Year End 27th of October 2022 PairCorr
+0.8DISWalt Disney Fiscal Year End 9th of November 2022 PairCorr
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Erie Indemnity Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Erie Indemnity's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Erie Indemnity or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
About 46.0% of the company shares are held by company insiders
Latest headline from With stock up 3.4, Insiders of Erie Indemnity Company must be wishing they had bought more last year - Simply Wall St
CEOTerrence Cavanaugh
Thematic IdeaInsurance Providers (view all)
Average Analyst Recommendation
Analysts covering Erie Indemnity report their recommendations after researching Erie Indemnity's financial statements, talking to executives and customers, or listening in on Erie Indemnity's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Erie Indemnity. The Erie Indemnity consensus assessment is calculated by taking the average forecast from all of the analysts covering Erie Indemnity.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Erie Indemnity's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Erie Indemnity (ERIE) is traded on NASDAQ Exchange in USA and employs 5,805 people. The company currently falls under 'Large-Cap' category with current market capitalization of 11.42 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 conducts business under Financial Services sector and is part of Insurance Brokers industry. The entity has 46.19 M outstanding shares of which 644.26 K shares are currently shorted by private and institutional investors with about 11.81 trading days to cover. Erie Indemnity currently holds about 147.47 M in cash with 381.35 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.82.
Check Erie Indemnity Probability Of Bankruptcy
Erie Indemnity retains a total of 46.19 Million outstanding shares. Erie Indemnity retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check Erie Indemnity Ownership Details

Erie Indemnity Stock Price Odds Analysis

What are Erie Indemnity's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Erie Indemnity jumping above the current price in 90 days from now is about 29.53%. The Erie Indemnity probability density function shows the probability of Erie Indemnity stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Erie Indemnity has a beta of 0.4986 suggesting as returns on the market go up, Erie Indemnity average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Erie Indemnity will be expected to be much smaller as well. Additionally, the company has an alpha of 0.2898, implying that it can generate a 0.29 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 215.24HorizonTargetOdds Above 215.24
70.29%90 days
Based on a normal probability distribution, the odds of Erie Indemnity to move above the current price in 90 days from now is about 29.53 (This Erie Indemnity probability density function shows the probability of Erie Indemnity Stock to fall within a particular range of prices over 90 days) .

Erie Indemnity Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Erie Indemnity that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Erie Indemnity's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Erie Indemnity's value.
InstituionSecurity TypeTotal SharesValue
Pnc Financial Services Group IncCommon Shares4.9 M945.1 M
Vanguard Group IncCommon Shares2.4 M462.2 M
View Erie Indemnity Diagnostics

Erie Indemnity Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Erie Indemnity market risk premium is the additional return an investor will receive from holding Erie Indemnity long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Erie Indemnity. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Erie Indemnity's alpha and beta are two of the key measurements used to evaluate Erie Indemnity's performance over the market, the standard measures of volatility play an important role as well.

Erie Indemnity Stock Against Markets

Picking the right benchmark for Erie Indemnity stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Erie Indemnity stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Erie Indemnity is critical whether you are bullish or bearish towards Erie Indemnity at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Erie Indemnity without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Optimization Now


Portfolio Optimization

Compute new portfolio that will generate highest expected return given your specified tolerance for risk
All  Next Launch Module

Erie Indemnity Corporate Directors

Erie Indemnity corporate directors refer to members of an Erie Indemnity board of directors. The board of directors generally takes responsibility for the Erie Indemnity's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Erie Indemnity's board members must vote for the resolution. The Erie Indemnity board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Claude Lilly - Independent DirectorProfile
George Lucore - Independent DirectorProfile
Elizabeth Vorsheck - Independent DirectorProfile
Jonathan Hagen - Independent DirectorProfile

Invested in Erie Indemnity?

The danger of trading Erie Indemnity is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Erie Indemnity is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Erie Indemnity. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Erie Indemnity is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for analysis

When running Erie Indemnity price analysis, check to measure Erie Indemnity's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Erie Indemnity is operating at the current time. Most of Erie Indemnity's value examination focuses on studying past and present price action to predict the probability of Erie Indemnity's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Erie Indemnity's price. Additionally, you may evaluate how the addition of Erie Indemnity to your portfolios can decrease your overall portfolio volatility.
Stock Screener
Find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
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.
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.