ERIE
177.56
-5.52 (-3.02%)
Erie Indemnity Company (NASDAQ, USD)
Financial Services >
Insurance Brokers
Market cap
8.20B
Ent value
8.92B
Price/Sales
3.19
Price/Book
6.37
Div yield
2.50%
Div growth
7.41%
Growth years
31
FCF payout
65.86%
Trailing P/E
27.96
Forward P/E
29.30
PEG
2.80
EPS growth
13.70%
1 year return
-26.75%
3 year return
8.39%
5 year return
9.86%
10 year return
8.89%
Last updated: 2022-01-19
STOCK INFORMATION
Stock chart
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Stock price data
| Open | 182.42 |
| Daily high | 182.42 |
| Daily low | 176.71 |
| Daily Volume | 64K |
| All-time high | 268.70 |
| 1y analyst estimate | 115.00 |
| Beta | 0.44 |
| EPS (TTM) | 5.61 |
| Dividend per share | 4.44 |
| Ex-div date | 4 Jan 2022 |
| Next earnings date | 28 Oct 2021 |
Downside potential
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Downside potential data
| ERIE | S&P500 | |
| Current price drop from All-time high | -33.92% | -4.44% |
| Highest price drop | -53.40% | -56.47% |
| Date of highest drop | 5 Mar 2009 | 9 Mar 2009 |
| Avg drop from high | -16.17% | -11.36% |
| Avg time to new high | 27 days | 12 days |
| Max time to new high | 1465 days | 1805 days |
DIVIDENDS
Dividend yield - 5y
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Dividend yield data
| Dividend per share | 4.44 |
| Dividend yield | 2.50% |
| Payout frequency | Quarterly |
| Maximum yield | 3.01% |
| Average yield | 2.28% |
| Minimum yield | 1.33% |
| Discount to avg yield | 8.82% |
| Upside potential | 9.68% |
| Yield as % of max yield | 83.20% |
Yield distribution (inverse percentile) - 5y
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Yield distribution data
| Dividend yield | 2.50% |
| Current yield distribution | 39.05% |
| Yield at 100% (Min) | 1.33% |
| Yield at 90% | 1.72% |
| Yield at 80% | 1.83% |
| Yield at 50% (Median) | 2.28% |
| Yield at 20% | 2.71% |
| Yield at 10% | 2.81% |
| Yield at 0% (Max) | 3.01% |
Dividend per share
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Dividend per share data
| Years of growth | 31 years |
| CCC status | Dividend Champion |
| Dividend per share | 4.44 |
| Payout frequency | Quarterly |
| Ex-div date | 4 Jan 2022 |
| EPS (TTM) | 5.61 |
| EPS (1y forward) | 6.06 |
| EPS growth (5y) | 13.70% |
| EPS growth (5y forward) | 10.00% |
Dividend growth
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Dividend growth data
| ERIE | S&P500 | |
| DGR MR | 7.25% | 14.59% |
| DGR TTM | 10.09% | 0.48% |
| DGR 3 years | -2.33% | 3.88% |
| DGR 5 years | 7.41% | 4.73% |
| DGR 10 years | 4.19% | 8.30% |
| DGR 15 years | 5.26% | 5.82% |
| Time since last change announced | 42 days |
| EPS growth (5y) | 13.70% |
| EPS growth (5y forward) | 10.00% |
Payout ratio
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Payout ratio data
| EPS coverage | FCF coverage | |
| TTM | 93.04% | 65.86% |
| Average | 51.25% | - |
| Forward | 73.27% | - |
VALUATION
Valuation Ratios
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Valuation Ratios data
| Trailing P/E | 27.96 |
| Price to OCF | 17.45 |
| Price to FCF | 19.79 |
| Price to EBITDA | 16.22 |
| EV to EBITDA | 17.63 |
Valuation (Sales/Book Value)
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Valuation (Sales/Book Value) data
| Price to Sales | 3.19 |
| Price to Book | 6.37 |
| EV to Sales | 3.47 |
FINANCIALS
Per share
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Per share data
| Current share count | 46.19M |
| EPS (TTM) | 5.61 |
| FCF per share (TTM) | 7.92 |
Income statement
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Income statement data
| Revenue (TTM) | 2.57B |
| Gross profit (TTM) | 1.94B |
| Operating income (TTM) | 176.98M |
| Net income (TTM) | 293.30M |
| EPS (TTM) | 5.61 |
| EPS (1y forward) | 6.06 |
Margins
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Margins data
| Gross margin (TTM) | 75.49% |
| Operating margin (TTM) | 6.89% |
| Profit margin (TTM) | 11.42% |
Balance Sheet
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Balance Sheet data
| Cash | 236.00M |
| Net receivables | 503.41M |
| Total current assets | 831.15M |
| Goodwill | 0.00 |
| Intangible assets | 0.00 |
| Property, plant and equipment | 0.00 |
| Total assets | 2.24B |
| Accounts payable | 148.28M |
| Short/Current long term debt | 94.35M |
| Total current liabilities | 614.26M |
| Total liabilities | 949.70M |
| Shareholder's equity | 1.29B |
| Net tangible assets | 1.29B |
Cash flow
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Cash flow data
| Operating cash flow (TTM) | 469.88M |
| Capital expenditures (TTM) | 55.53M |
| Free cash flow (TTM) | 414.35M |
| Dividends paid (TTM) | 272.90M |
Financial returns
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Financial returns data
| Return on Equity | 24.69% |
| Return on Assets | 13.85% |
| Return on Invested Capital | 22.84% |
| Cash Return on Invested Capital | 32.27% |
COMPANY DETAILS
Marketcap
8.20B
Marketcap category
Mid-cap
Description
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.
Employees
5849
Website
Investor relations
SEC filings
CEO
Timothy NeCastro
Country
USA
City
Erie
Stock type
Common stock
CCC status
Dividend Champion
Dividend Frequency
Quarterly
EVENTS AND PRESENTATIONS
EventsPresentations
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UNDERSTAND THE BUSINESS
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COMPANY NEWS
All newsPress releases
Erie Indemnity Company ( NASDAQ:ERIE ) has announced that it will be increasing its dividend on the 20th of January to...
January 3, 2022
10 Candle Safety Tips for a Safe Holiday from Erie InsurancePR NewswireERIE, Pa. 17, 2021 /PRNewswire/ -- From pumpkin spice to winter pine, there are a plethora of candle scents to choose from—not to...
December 17, 2021
The board of directors of American Financial (AFG) approves a special cash dividend of $2.00 per share, banking on its solid financial position, which reflects its commitment to boost shareholders' va...
December 14, 2021
Erie Indemnity's (ERIE) recent dividend hike and special dividend reflect its intention to enhance shareholders' value supported by its strong financial position.
December 10, 2021
At its regular meeting held Dec. 7, 2021, the Board of Directors of Erie Indemnity Company (NASDAQ: ERIE) appointed a new executive vice president, set the management fee rate charged to Erie Insuranc...
December 9, 2021
Investment company O'Shares U.S. Small-Cap Quality Dividend ETF (Current Portfolio) buys Cboe Global Markets Inc, SEI Investments Co, Juniper Networks Inc, Amdocs, The Carlyle Group Inc, sells MSC Ind...
December 8, 2021
Winterizing your home can help to lower your energy bills, prevent bigger more costly repairs in the future, and reduce the risk of accidents like a home heating fire.
November 24, 2021
If you want to know who really controls Erie Indemnity Company ( NASDAQ:ERIE ), then you'll have to look at the makeup...
November 15, 2021
Now I'd like to introduce your host for the call, Vice President of Investor Relations, Scott Beilharz. This recording will include remarks from Tim NeCastro, President and Chief Executive Officer; a...
October 29, 2021
Erie Indemnity (ERIE) delivered earnings and revenue surprises of -0.58% and 0.57%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
October 28, 2021
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