Erie Indemnity Company Insiders Retain Majority Share with 41% Interest.
January 31, 2023
Trending News ☀️
Erie Indemnity ($NASDAQ:ERIE) Company is a publicly traded company, traded on the Nasdaq under the stock symbol ERIE. Erie Indemnity Company is the managing partner of the Erie Insurance Group and is responsible for their overall financial performance. It is essential to be aware of the ownership structure of Erie Indemnity Company to get an accurate idea of who is in control. The company has had some sales recently, but the insiders still possess the largest portion of ownership with 41% interest. This is a key indicator of who holds the most voting power, and what decisions are likely to be made in the future.
These shareholders have the right to vote on all major decisions made by the company and can guide the future of Erie Indemnity Company. It is important that these shareholders understand their role and importance, as they can influence the company’s direction and the value of their investment. Erie Indemnity Company has a long history of success, and the company’s management team and board of directors have consistently delivered outstanding results. With a majority of ownership retained by insiders and a strong investment outlook, investors can rest assured that the company will continue to perform well in the future.
Stock Price
Erie Indemnity Company Insiders Retain Majority Share with 41% Interest. At the time of writing, news sentiment surrounding the company is mostly positive. On Monday, ERIE INDEMNITY stock opened at $243.3 and closed at $249.8, up by 2.6% from prior closing price of 243.6. This indicates investors are confident in the company’s future prospects and are willing to buy into the stock. This is a significant level of ownership for the company, and it gives the insiders a lot of control over the direction of the company. It also gives them a vested interest in making sure the company is successful and profitable. Erie Indemnity has been in business for over a century, and has a strong reputation as a reliable provider of insurance services.
The company has been able to maintain this trustworthiness through a number of initiatives, such as providing financial planning advice and investing in new technologies to improve customer service. The company’s stock has performed well in recent months, and analysts have expressed optimism about its future prospects. The fact that insiders retain a majority share is also seen as positive news, as it indicates they are confident in the company’s future performance. This is reflected in the recent stock performance, which has been steadily increasing since Monday’s opening. With a long established reputation of reliability and positive recent stock performance, Erie looks to have a bright future ahead. Live Quote…
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% |
VI Analysis
Analysis of ERIE INDEMNITY‘s long-term potential is made easier with the VI app, which simplifies the understanding of the company’s fundamentals. The app’s VI Star Chart shows that the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Additionally, ERIE INDEMNITY is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. The type of investors who may be interested in such company are those looking for long-term dividend income and stability. ERIE INDEMNITY is strong in dividend and weak in asset, growth, and profitability. However, this does not mean that the company does not have potential for growth. Its strong cash flow and debt position means that it is well-positioned to take on additional investments and initiatives to help it expand. Overall, ERIE INDEMNITY is an attractive option for investors looking for dividend income and stability. Its cash flow and debt position indicate it is well-positioned to sustain itself during difficult times, while its track record of consistent dividend payouts means that it is likely to continue paying out dividends in the future. 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
Investors should take note of Erie Indemnity Company’s recent announcement that insiders have retained a majority 41% interest in the company. This is a sign of confidence from those with the most knowledge about the company and its operations. At time of writing, the news sentiment surrounding Erie Indemnity is mostly positive, indicating that the market may be optimistic about the company’s future. For investors looking to diversify their portfolio, Erie Indemnity may be a good long-term investment choice. The company’s strong financials, reliable shareholder base and strategic positioning suggest that it will remain competitive in the long-term.
Additionally, the fact that insiders are retaining a large portion of the company’s equity is a strong indicator of future success.
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