Latest news with #ErieIndemnityCompany
Yahoo
2 days ago
- Business
- Yahoo
Erie Indemnity Stock: Is ERIE Underperforming the Financial Sector?
Erie, Pennsylvania-based Erie Indemnity Company (ERIE) serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange, which is a reciprocal insurer that writes property and casualty insurance. With a market cap of $16.1 billion, the company provides issuance and renewal services, sales-related services, and underwriting services. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and Erie Indemnity Company fits this description perfectly. The company offers strong customer service and a regional focus, supporting a network of independent insurance agents and providing a wide range of personal and commercial insurance products. Dear Tesla Stock Fans, Mark Your Calendars for June 30 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia Is Quickly Approaching a New Record High. Is It Too Late to Buy NVDA Stock? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Shares of Erie Indemnity have dipped 36.3% from its 52-week high of $547. ERIE stock has dropped 16.6% over the past three months, lagging behind the Financial Select Sector SPDR Fund's (XLF) 2.4% increase. In the long term, ERIE stock has dipped 15.4% on a YTD basis, whereas XLF has risen 3.9%. Additionally, over the past 52 weeks, shares of NTAP have decreased 2.3%, underperforming XLF's 21.7% return. The stock has been trading below its 50-day moving average since late April. Also, despite some fluctuations, the stock has been trading below its 200-day moving average since early December last year. Shares of ERIE tumbled 11.5% following the release of its mixed Q1 2025 results on Apr. 24. Driven by a 13.4% increase in management fee revenue and a 29% jump in investment income, its quarterly revenue rose 12.3% from the year-ago quarter to $989.4 million, exceeding Street forecasts. However, EPS came in at $2.65, a 11.3% year-over-year increase, but missed analysts' estimates, which dampened investor sentiment. Compared to its peer, Willis Towers Watson Public Limited Company (WTW) has outpaced ERIE stock. Shares of WTW have declined 5% on a YTD basis and gained 16.5% over the past 52 weeks. Although ERIE has underperformed relative to the sector, analysts are moderately optimistic about its stock's prospects. ERIE has a consensus rating of 'Moderate Buy' from the two analysts covering the stock, and as of writing, it is trading notably above the mean price target of $73. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
28-04-2025
- Business
- Yahoo
Erie Insurance to ring Nasdaq Opening Bell, celebrating 100 years in business
Times Square, New York City (WJET/WFXP) — Erie Insurance's President and CEO in Times Square this morning to celebrate a big milestone with a special event. Erie Insurance (Nasdaq: ERIE) is celebrating its 100th year in business and 30th year as a Nasdaq-listed company. At 9:30 this morning at the Nasdaq MarketSite in Times Square, New York City, Erie Insurance President and CEO Tim NeCastro will have the honor of ringing the Nasdaq Stock Market Opening Bell. The event kicks off at 9:15 and runs until the Opening Bell rings and the stock market opens at 9:30. You can watch the Nasdaq Stock Market opening live from 9:15 to 9:30 by clicking here. Erie Indemnity Company, the management company of Erie Insurance, celebrated its 100th year in business on April 20. Over the past two years, Erie Insurance has planted 100 shade trees along East 5th and 6th Streets between French and Parade Streets to mark the centennial milestone here in Erie. Since 1925, the company has committed itself to service, with the founder, H.O. Hirt, raising the letters 'ERIE' out of the word sERvIcE as a reminder to its agents, employees, and policyholders of the company's commitment. To this day, the company still holds to its original tagline, Above All in Service. According to the company, its 14,000 local agents and 6,800 employees all live by the Golden Rule — treating people the same way they'd like to be treated. Erie Insurance has grown to become a Fortune 500 company conducting business across 12 states and the District of Columbia, as the nation's 12th-largest homeowners insurer, 13th-largest automobile insurer, and 13th-largest commercial lines insurer. It took the company 60 years to reach its first million policies, and only three years to grow from six to seven million policies, reaching nearly $12 billion in premium in 2024. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-04-2025
- Business
- Yahoo
Erie Indemnity's (NASDAQ:ERIE) three-year earnings growth trails the 35% YoY shareholder returns
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can make much more than 100% if the company does well. To wit, the Erie Indemnity Company (NASDAQ:ERIE) share price has flown 135% in the last three years. Most would be happy with that. And in the last week the share price has popped 10%. But this could be related to the buoyant market which is up about 5.8% in a week. Since the stock has added US$2.0b to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. We check all companies for important risks. See what we found for Erie Indemnity in our free report. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Erie Indemnity was able to grow its EPS at 26% per year over three years, sending the share price higher. We don't think it is entirely coincidental that the EPS growth is reasonably close to the 33% average annual increase in the share price. This suggests that sentiment and expectations have not changed drastically. Quite to the contrary, the share price has arguably reflected the EPS growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). We know that Erie Indemnity has improved its bottom line lately, but is it going to grow revenue? You could check out this free report showing analyst revenue forecasts. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Erie Indemnity, it has a TSR of 147% for the last 3 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! We're pleased to report that Erie Indemnity shareholders have received a total shareholder return of 12% over one year. And that does include the dividend. However, that falls short of the 21% TSR per annum it has made for shareholders, each year, over five years. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. If you would like to research Erie Indemnity in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company. For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
