ERIE 📈 Erie Indemnity - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29530P1021

ERIE: Insurance, Underwriting, Sales, Customer, Administrative, IT

Erie Indemnity Company serves as the managing attorney-in-fact for the subscribers at the Erie Insurance Exchange, a role that enables it to provide a range of essential services to its clients across the United States. These services include the issuance and renewal of policies, as well as sales-related support, such as agent compensation and advertising assistance.

The company's underwriting services are a critical component of its operations, encompassing underwriting and policy processing. This involves evaluating and assuming risks, as well as processing policy applications and renewals. By providing these services, Erie Indemnity Company helps to facilitate the smooth operation of the insurance exchange.

In addition to these core services, the company offers a range of other support services, including customer services and administrative support. These services are designed to ensure that clients receive the assistance they need, when they need it. The company also provides information technology services, which enable it to stay at the forefront of the insurance industry.

With a rich history dating back to 1925, Erie Indemnity Company has established itself as a trusted and reliable partner for the Erie Insurance Exchange. Headquartered in Erie, Pennsylvania, the company remains committed to delivering exceptional service and support to its clients. For more information, please visit https://www.erieinsurance.com.

Additional Sources for ERIE Stock

ERIE Stock Overview

Market Cap in USD 22,406m
Sector Financial Services
Industry Insurance Brokers
GiC Industry Insurance
TER 0.00%
IPO / Inception 1995-10-02

ERIE Stock Ratings

Growth 5y 84.0%
Fundamental 67.4%
Dividend 51.4%
Rel. Strength Sector -14.6
Analysts 5/5
Fair Price Momentum 429.67 USD
Fair Price DCF 261.85 USD

ERIE Dividends

Dividend Yield 12m 1.24%
Yield on Cost 5y 3.36%
Annual Growth 5y 5.92%
Payout Consistency 92.50%

ERIE Growth Ratios

Growth Correlation 3m -80.4%
Growth Correlation 12m 79.7%
Growth Correlation 5y 81.5%
CAGR 5y 22.02%
CAGR/Mean DD 5y 1.76
Sharpe Ratio 12m 1.12
Alpha 24.33
Beta 0.26
Volatility 26.44%
Current Volume 125.5k
Average Volume 20d 144.4k
What is the price of ERIE stocks?
As of December 09, 2024, the stock is trading at USD 411.87 with a total of 125,482 shares traded.
Over the past week, the price has changed by -5.80%, over one month by -2.96%, over three months by -17.96% and over the past year by +36.33%.
Is Erie Indemnity a good stock to buy?
Yes, based on ValueRay Fundamental Analyses, Erie Indemnity (NASDAQ:ERIE) is currently (December 2024) a good stock to buy. It has a ValueRay Fundamental Rating of 67.43 and therefor a positive outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of ERIE as of December 2024 is 429.67. This means that ERIE is currently overvalued and has a potential downside of 4.32%.
Is ERIE a buy, sell or hold?
Erie Indemnity has received a consensus analysts rating of 5.00. Therefor, it is recommend to buy ERIE.
  • Strong Buy: 1
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0
What are the forecast for ERIE stock price target?
According to ValueRays Forecast Model, ERIE Erie Indemnity will be worth about 466.6 in December 2025. The stock is currently trading at 411.87. This means that the stock has a potential upside of +13.28%.
Issuer Forecast Upside
Wallstreet Target Price 115 -72.1%
Analysts Target Price 115 -72.1%
ValueRay Target Price 466.6 13.3%