ERIE Stock Summary and Trading Ideas (Erie Indemnity Company - Class A | NASDAQ:ERIE)

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.

Erie Indemnity Company - Class A trades on the NASDAQ stock market under the symbol ERIE.

As of May 16, 2024, ERIE stock price climbed to $396.27 with 57,015 million shares trading.

ERIE has a beta of -0.20, meaning it tends to be less sensitive to market movements. ERIE has a correlation of 0.01 to the broad based SPY ETF.

ERIE has a market cap of $20.72 billion. This is considered a Large Cap stock.

Last quarter Erie Indemnity Company - Class A reported $881 million in Revenue and $2.38 earnings per share. This beat revenue expectation by $45 million and exceeded earnings estimates by $.09.

In the last 3 years, ERIE stock traded as high as $420.34 and as low as $158.46.

The top ETF exchange traded funds that ERIE belongs to (by Net Assets): IJH, VTI, VB, VXF, VBK.

ERIE has outperformed the market in the last year with a return of +73.4%, while the SPY ETF gained +29.6%. In the last 3 month period, ERIE beat the market returning +11.8%, while SPY returned +5.6%. However, in the most recent 2 weeks ERIE has underperformed the stock market by returning +3.5%, while SPY returned +5.7%.

ERIE support price is $387.98 and resistance is $401.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERIE stock will trade within this expected range on the day.