Discover What You Need To Know About Erie Indemnity’s Ex-Dividend Date on Wednesday
January 4, 2023
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Erie Indemnity Intrinsic Value – Erie Indemnity ($NASDAQ:ERIE) is a publicly-traded insurance holding company, headquartered in Erie, Pennsylvania. The company provides services to customers, insurance agents and agencies, and other insurance companies. It provides administrative services to its affiliated insurance companies, including the underwriting and sale of insurance policies, processing claims, adjusting losses and providing customer service. On Wednesday, investors will want to pay close attention to Erie Indemnity’s ex-dividend date. Dividends are usually paid on the same day that the company’s shares go ex-dividend. This means that investors who purchase shares of Erie Indemnity on or after Wednesday will not receive the dividend. If you already own shares of Erie Indemnity, you will be eligible to receive the dividend on Wednesday. Investors should be aware that stock prices often fall when a company goes ex-dividend. This is because the stock price has already been adjusted for the upcoming dividend. Investors who purchase shares of Erie Indemnity on or after Wednesday will not benefit from this price adjustment. It’s important to note that Erie Indemnity has a history of paying a dividend. If you already own shares of Erie Indemnity, you will be eligible to receive the dividend on Wednesday.
However, if you purchase shares of Erie Indemnity on or after Wednesday, you will miss out on the dividend.
Additionally, stock prices may also be affected by the ex-dividend date, so it’s important to be aware of this before purchasing shares of Erie Indemnity.
Dividends
ERIE INDEMNITY is set to have an ex-dividend date this Wednesday, and if you’re looking for dividend stocks, this could be a good option. For the fiscal year 2022 Q3, the company has issued a dividend per share of 4.44 USD, which is an increase from their dividends of 4.22 USD and 3.93 USD issued in the last two years. If you’re looking to invest in ERIE INDEMNITY, it’s important to keep an eye on the ex-dividend date this Wednesday so you can make sure you’re eligible for the dividends. The company’s strong dividend history suggests that it could be a good investment for those looking for a reliable dividend income stream, so it may be worth considering.
However, it’s important to do your own research and consider all the risks before investing in any stock.
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 |
| 2.79k | 288.12 | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Erie Indemnity. More…
| Operations | Investing | Financing |
| – | -217.33 | -297.87 |
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 |
| 2.18k | 821.17 | 25.94 |
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 |
| 3.8% | – | 13.2% |
| FCF Margin | ROE | ROA |
| 7.7% | 17.0% | 10.5% |
Price History
This is because the stock’s price will be adjusted with respect to the dividend payout. On Friday, Erie Indemnity’s stock opened at $249.9 and closed at $248.7, down by 0.5% from previous closing price of 249.9. The ex-dividend date is the day on which the stock begins trading without the dividend attached to it. Any person who buys a stock on or after the ex-dividend date will not be eligible to receive the dividend. Instead, the dividend is paid to the person who owned the stock on the day before the ex-dividend date. The ex-dividend date is important for investors because it affects their decision on when to buy and sell stocks. If an investor believes a stock is going to increase in value, they may want to buy it before the ex-dividend date in order to receive the dividend payment. Conversely, if an investor believes a stock will decrease in value, they may want to sell it before the ex-dividend date in order to avoid the dividend payment. Investors should do their research and decide whether or not they want to buy or sell Erie Indemnity stock before Wednesday’s ex-dividend date. They should consider the current market price of the stock, as well as any potential news or events that could affect the stock’s price.
Additionally, they should also consider their own financial goals and risk tolerance when making their decision. In conclusion, investors need to be aware of Erie Indemnity’s ex-dividend date on Wednesday and make sure they understand how it will affect their buying and selling decisions. Doing research and taking into account current market conditions, news events, and personal financial goals are all important factors to consider when investing in Erie Indemnity stock. Live Quote…
VI Analysis – Erie Indemnity Intrinsic Value Calculator
ERIE INDEMNITY is a company whose fundamentals reflect its long term potential. According to analysis done by the VI app, the fair value of its shares is $217.9. Currently, the stock is trading at $248.7, which is 14% higher than the fair price. This means that the stock is currently overvalued and investors should be careful when considering an investment in the company. Investors should consider the company’s financial statements, competitive landscape, and overall market conditions when making decisions about whether to invest in ERIE INDEMNITY. They should also look for potential catalysts that could drive the stock price up in the near future. For example, a strong earnings report or a positive market trend could lead to increased demand for the stock and a potential increase in its valuation. Ultimately, it is up to each investor to decide whether ERIE INDEMNITY is a good investment for them or not. However, it is important to remember that the stock’s current valuation is higher than what it is worth based on the company’s fundamentals. Therefore, investors should be aware of this discrepancy before deciding on whether to invest in the company or not. More…
VI Peers
The company has a strong presence in the US, Europe, and Asia. Erie Indemnity Co’s competitors include Transilvania Broker De Asigurare, Tian Ruixiang Holdings Ltd, and Brown & Brown Inc.
– Transilvania Broker De Asigurare ($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
Erie Indemnity is a publicly traded insurance holding company that provides services to the policyholders of Erie Insurance Exchange. The company has a strong financial position, with solid profits and a strong balance sheet. Investors may be interested in the company’s ex-dividend date on Wednesday, which is the date on which it will pay out its dividend. Investors must purchase the stock before this date in order to be eligible to receive the dividend. The company’s stock is highly liquid, providing investors with a good opportunity to buy and sell the stock quickly and easily.
In addition, the company’s long-term prospects remain positive, and its low debt levels offer stability. Erie Indemnity is an attractive investment for those who are looking for an income stream from a strong, stable company.
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