Erie Indemnity Co ERIE
$
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Erie Indemnity Co (ERIE) Business Model and Operations Summary
Erie Indemnity Co mainly performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
Key Insights
Erie Indemnity Co (ERIE) Core Market Data and Business Metrics
Latest Closing Price
$415.56Market Cap
$21.73 BillionTotal Outstanding Shares
46.19 Million SharesTotal Employees
6,556Dividend
$1.36 Per Share QuarterlyIPO Date
October 2, 1995SIC Description
Insurance Agents, Brokers & ServicePrimary Exchange
NASDAQHeadquarters
100 Erie Insurance Pl, Erie, PA, 16530
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Avg Daily Volume | Days to Cover | Settlement Date | Short Interest |
|---|---|---|---|
| 139,936 Shares | 9.39 | 3/14/2025 | 1,313,552 Shares |
| 152,820 Shares | 8.91 | 2/28/2025 | 1,361,037 Shares |
| 110,523 Shares | 12.37 | 2/14/2025 | 1,367,109 Shares |
| 304,147 Shares | 3.78 | 1/31/2025 | 1,149,021 Shares |
| 86,404 Shares | 12.44 | 1/15/2025 | 1,074,756 Shares |
| 142,342 Shares | 7.5 | 12/31/2024 | 1,066,919 Shares |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Financing Activities | $-230.00 Million |
| Net Cash Flow From Investing Activities | $-226.91 Million |
| Net Cash Flow, Continuing | $154.34 Million |
| Net Cash Flow From Operating Activities, Continuing | $611.25 Million |
| Net Cash Flow From Investing Activities, Continuing | $-226.91 Million |
| Net Cash Flow From Operating Activities | $611.25 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0 |
| Income/Loss From Continuing Operations After Tax | $600.31 Million |
| Net Income/Loss | $600.31 Million |
| Revenues | $3.80 Billion |
| Costs And Expenses | $3.04 Billion |
| Net Income/Loss Available To Common Stockholders, Basic | $600.31 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Parent | $566.12 Million |
| Comprehensive Income/Loss | $566.12 Million |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Other Comprehensive Income/Loss | $566.12 Million |
| Other Comprehensive Income/Loss Attributable To Parent | $-34.19 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Equity Attributable To Parent | $1.99 Billion |
| Equity | $1.99 Billion |
| Assets | $2.89 Billion |
| Current Assets | $1.15 Billion |
| Noncurrent Liabilities | $98.84 Million |
| Noncurrent Assets | $1.74 Billion |
Historical Dividends
Current dividend: $1.36 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 20, 2025 | Apr 22, 2025 | Apr 7, 2025 | $1.365 | Quarterly |
| Dec 10, 2024 | Jan 22, 2025 | Jan 7, 2025 | $1.365 | Quarterly |
| Jul 23, 2024 | Oct 22, 2024 | Oct 7, 2024 | $1.275 | Quarterly |
| Apr 23, 2024 | Jul 23, 2024 | Jul 9, 2024 | $1.275 | Quarterly |
| Feb 22, 2024 | Apr 23, 2024 | Apr 9, 2024 | $1.275 | Quarterly |
| Dec 6, 2023 | Jan 23, 2024 | Jan 8, 2024 | $1.275 | Quarterly |