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Erie Indemnity Co Class A ERIE

Morningstar Rating
$381.24 −0.93 (0.24%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

ERIE is trading at a 547% premium.
Price
$381.41
Fair Value
$617.00
Uncertainty
Medium
1-Star Price
$548.34
5-Star Price
$229.58
Economic Moat
Lgpb
Capital Allocation
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News

Trading Information

Previous Close Price
$382.17
Day Range
$381.05385.47
52-Week Range
$203.83420.34
Bid/Ask
$153.24 / $606.17
Market Cap
$19.93 Bil
Volume/Avg
39,824 / 67,273

Key Statistics

Price/Earnings (Normalized)
40.54
Price/Sales
5.47
Dividend Yield (Trailing)
1.32%
Dividend Yield (Forward)
1.34%
Total Yield
1.32%

Company Profile

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.
Sector
Financial Services
Industry
Insurance Brokers
Stock Style Box
Mid Growth
Total Number of Employees
6,556

Comparables

Valuation

Metric
ERIE
CINF
MKL
Price/Earnings (Normalized)
40.5418.3425.80
Price/Book Value
11.551.561.39
Price/Sales
5.471.861.29
Price/Cash Flow
16.126.85
Price/Earnings
ERIE
CINF
MKL

Financial Strength

Metric
ERIE
CINF
MKL
Quick Ratio
Current Ratio
Interest Coverage
56.8719.35
Quick Ratio
No chart available

Profitability

Metric
ERIE
CINF
MKL
Return on Assets (Normalized)
20.23%3.40%4.87%
Return on Equity (Normalized)
30.15%9.48%18.75%
Return on Invested Capital (Normalized)
30.15%9.15%14.58%
Return on Assets
ERIE
CINF
MKL
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