Erie Indemnity dividend yield calculator – Erie Indemnity Increases Dividend to $1.27
December 15, 2023
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Erie Indemnity ($NASDAQ:ERIE) Co. is a publicly-traded holding company that provides sales, underwriting, and policyholder services to its insurance company affiliates. Erie Indemnity’s long-term strategy of steady dividend growth and stock buybacks has helped the company create sustained value for shareholders over the years. This dividend increase is just the latest example of Erie Indemnity’s commitment to delivering shareholder value and is sure to be welcomed by long-term investors.
Dividends – Erie Indemnity dividend yield calculator
Erie Indemnity has recently announced a dividend increase from $4.22 per share to $1.27, making it the third consecutive year of dividend increases. Over the last three years, the company has issued annual dividends of 3.57, 4.52, and 4.22 USD. With this new increase, dividend yields for 2021 to 2023 are estimated at 2.03%, 2.44%, and 1.94%, respectively, and an average dividend yield of 2.14%.
If you’re looking for a dividend stock with consistent growth in dividend payouts, Erie Indemnity could be an option to consider. The company’s strong financial position and steady earnings suggest that future dividend increases are likely, making it attractive to potential investors.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Erie Indemnity. More…
| Total Revenues | Net Income | Net Margin |
| 3.18k | 400.62 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Erie Indemnity. More…
| Operations | Investing | Financing |
| 366.15 | -137.66 | -217.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Erie Indemnity. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.39k | 782.66 | 30.83 |
Key Ratios Snapshot
Some of the financial key ratios for Erie Indemnity are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.6% | – | 15.8% |
| FCF Margin | ROE | ROA |
| 8.6% | 20.0% | 13.2% |
Price History
This is the second increase in the dividend for the company in the last four quarters and follows the trend of a growing financial position for the company. The stock opened that day at $326.8 and closed at $322.9, down by 1.2% from prior closing price of $326.6. This decrease in stock price could be attributed to investors taking profits ahead of the dividend announcement. Despite this slight dip, the dividend increase reflects the positive outlook of Erie Indemnity Co., and it signals that it is bound to continue increasing its shareholder returns in the coming quarters. Live Quote…
Analysis – Erie Indemnity Intrinsic Value Calculation
At GoodWhale, we have conducted a fundamental analysis of ERIE INDEMNITY to assess its true value. Our proprietary Valuation Line tool estimates the intrinsic value of an ERIE INDEMNITY share to be around $247.8. The stock is currently trading at $322.9, which is overvalued by 30.3%. Thus, investors should consider whether buying at the current market price is justified, as the stock may not be likely to offer adequate returns in the long run. More…
Peers
The company has a strong presence in the US, Europe, and Asia. Erie Indemnity Co’s competitors include Transilvania Broker De Asigurare, Tian Ruixiang Holdings Ltd, and Brown & Brown Inc.
– Transilvania Broker De Asigurare ($LTS:0TCR)
Tian Ruixiang Holdings Ltd is a Chinese real estate company with a market cap of 7.61M as of 2022. The company has a Return on Equity of -4.18%. Tian Ruixiang Holdings Ltd is engaged in the development, sale, and management of real estate properties in China. The company was founded in 2003 and is headquartered in Beijing, China.
– Tian Ruixiang Holdings Ltd ($NASDAQ:TIRX)
Brown & Brown is one of the world’s largest insurance intermediaries. The company provides a wide range of insurance and risk management products and services to business, government, and individuals worldwide. Brown & Brown has over 75 years of experience in the insurance industry and is a publicly traded company listed on the New York Stock Exchange. The company has a market capitalization of over $16 billion and a return on equity of 13.61%. Brown & Brown is a diversified company with operations in numerous countries and a strong focus on customer service. The company’s products and services include property and casualty insurance, workers’ compensation, life and health insurance, and reinsurance. Brown & Brown is an industry leader and one of the largest insurance intermediaries in the world.
Summary
The latest dividend raise reflects Erie Indemnity’s solid financial performance over the past year, as well as its long-term commitment to returning value to shareholders. From a financial perspective, Erie Indemnity’s balance sheet is strong, with healthy cash flow and low debt levels. The company continues to benefit from its core business of providing administrative and management services to Erie Insurance Group. With a low payout ratio and a strong balance sheet, Erie Indemnity is an attractive investment option for those seeking a steady income and long-term growth potential.
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