ERIE
183.53
+0.31 (0.17%)
Erie Indemnity Company (NASDAQ, USD)
Financial Services >
Insurance Brokers
Market cap
8.48B
Ent value
9.23B
Price/Sales
3.30
Price/Book
7.02
Div yield
2.26%
Div growth
2.25%
Growth years
31
FCF payout
65.86%
Trailing P/E
28.90
Forward P/E
29.79
PEG
2.89
EPS growth
13.70%
1 year return
-16.73%
3 year return
12.45%
5 year return
13.30%
10 year return
9.62%
Last updated: 2021-09-20
STOCK INFORMATION
Stock chart
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Stock price data
| Open | 182.67 |
| Daily high | 183.75 |
| Daily low | 180.11 |
| Daily Volume | 115K |
| All-time high | 268.70 |
| 1y analyst estimate | 115.00 |
| Beta | 0.40 |
| EPS (TTM) | 5.61 |
| Dividend per share | 4.14 |
| Ex-div date | 4 Oct 2021 |
| 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 | -31.70% | -4.23% |
| Highest price drop | -53.40% | -56.47% |
| Date of highest drop | 5 Mar 2009 | 9 Mar 2009 |
| Avg drop from high | -16.04% | -11.47% |
| 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 | 4.14 |
| Dividend yield | 2.26% |
| Payout frequency | Quarterly |
| Maximum yield | 3.12% |
| Average yield | 2.33% |
| Minimum yield | 1.33% |
| Discount to avg yield | -3.38% |
| Upside potential | -3.27% |
| Yield as % of max yield | 72.21% |
Yield distribution (inverse percentile) - 5y
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Yield distribution data
| Dividend yield | 2.26% |
| Current yield distribution | 57.62% |
| Yield at 100% (Min) | 1.33% |
| Yield at 90% | 1.72% |
| Yield at 80% | 1.84% |
| Yield at 50% (Median) | 2.38% |
| Yield at 20% | 2.77% |
| Yield at 10% | 2.86% |
| Yield at 0% (Max) | 3.12% |
Dividend per share
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Dividend per share data
| Years of growth | 31 years |
| CCC status | Dividend Champion |
| Dividend per share | 4.14 |
| Payout frequency | Quarterly |
| Ex-div date | 4 Oct 2021 |
| EPS (TTM) | 5.61 |
| EPS (1y forward) | 6.16 |
| 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 | 8.13% | 7.68% |
| DGR TTM | 7.91% | -2.66% |
| DGR 3 years | 7.24% | 5.82% |
| DGR 5 years | 2.25% | 6.23% |
| DGR 10 years | 10.27% | 9.64% |
| DGR 15 years | 7.47% | 6.71% |
| Time since last change announced | 288 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 | 52.87% | 34.04% |
| Forward | 67.21% | - |
VALUATION
Valuation Ratios
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Valuation Ratios data
| Trailing P/E | 28.90 |
| Price to OCF | 18.04 |
| Price to FCF | 20.46 |
| Price to EBITDA | 16.76 |
| EV to EBITDA | 18.26 |
Valuation (Sales/Book Value)
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Valuation (Sales/Book Value) data
| Price to Sales | 3.30 |
| Price to Book | 7.02 |
| EV to Sales | 3.59 |
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) | 6.16 |
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 | 135.19M |
| Net receivables | 481.48M |
| Total current assets | 701.93M |
| Goodwill | 0.00 |
| Intangible assets | 0.00 |
| Property, plant and equipment | 282.27M |
| Total assets | 2.10B |
| Accounts payable | 230.15M |
| Short/Current long term debt | 95.36M |
| Total current liabilities | 571.44M |
| Total liabilities | 890.97M |
| Shareholder's equity | 1.21B |
| Net tangible assets | 1.21B |
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
8.48B
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
September 3, 2021
It's back to school time for many states across the U.S. More pedestrians and vehicles will hit the streets, so it's important for drivers to slow down and keep an eye out for kids around schools and ...
August 27, 2021
It is hard to get excited after looking at Erie Indemnity's (NASDAQ:ERIE) recent performance, when its stock has...
August 6, 2021
We know driving hazards exist during the day, but driving at night adds a completely new set of challenges. Why? It all comes down to visibility. During a clear day, you might be able to see thousands...
August 2, 2021
In this article, we discuss the 10 best 52-week low stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best 52-Week Low Stocks to Buy Now. What makes an...
July 30, 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...
July 29, 2021
Erie Indemnity (ERIE) delivered earnings and revenue surprises of 0.00% and 1.92%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
July 29, 2021
Erie Indemnity Company (NASDAQ: ERIE) today announced financial results for the quarter and six months ending June 30, 2021. Net income was $79.0 million, or $1.51 per diluted share, in the second qua...
July 22, 2021
Erie Indemnity (ERIE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
July 9, 2021
Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the second quarter on Friday, July 30th, at 10 a.m. Eastern Ti...
June 29, 2021
Erie Insurance is sharing tips for new RVers in light of industry data showing RV ownership is at a record high and almost a third of owners are new. According to a study by the RV Industry Associatio...
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