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How to Buy Erie Indemnity Co Stock

Erie Indemnity Co

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Erie Indemnity Co stock last closed at $378.87, down 0.6% from the previous day, and has increased 61.89% in one year. It has overperformed other stocks in the Insurance Brokers industry by 0.46 percentage points. Erie Indemnity Co stock is currently +89.92% from its 52-week low of $199.49, and -9.87% from its 52-week high of $420.34.

At the moment, there are 46.19M shares of ERIE outstanding. The market capitalization of ERIE is $17.50B. In the last 24 hours, 41,371 ERIE shares were traded.

How to Buy Erie Indemnity Co Stock

Wondering how to invest in Erie Indemnity Co stock? Here's how.
  1. Figure out where to buy Erie Indemnity Co stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Erie Indemnity Co stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Choose your method of payment and add your details.
  4. Research Erie Indemnity Co stock: The Erie Indemnity Co ticker symbol is ERIE. Is Erie Indemnity Co stock a good investment? Should you buy shares of ERIE? How do ERIE's underlying business fundamentals look? Do top analysts think Erie Indemnity Co is a good buy? Why has ERIE's stock price moved recently? (Hint: Our stock research tools can help you figure out if ERIE is a good stock to buy).
  5. Execute your ERIE trade: Decide if you will purchase ERIE shares at the current market price or use a limit order to buy ERIE stock at a given price.
  6. Keep an eye on your ERIE position: Create a watchlist to important notifications about your new investment in Erie Indemnity Co stock.

Step 1: Figure out where to buy Erie Indemnity Co stock

You need an online brokerage account to access the NASDAQ market and buy ERIE shares.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've selected your brokerage, the next step is to fill out some personal information so you can buy ERIE stock today.

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Step 3: Deposit money your investment account

Now that you've filled out your info on the best stock market app, you need to deposit funds:

Watch the tutorial below for more details transferring money into your new investment account.

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Step 4: Research Erie Indemnity Co stock

After you have decided on the best place to buy Erie Indemnity Co stock, it's very important to evaluate their stock before you buy, so you can understand the risk as well as the opportunity.

Erie Indemnity Co stock at a glance

ERIE Price
$378.87
1w %
-4.92%
1y %
61.89%
5y %
113.83%
P/E
39.55x
P/B
10.52x
P/S
5.35x
PEG
5.94x
Revenue
$3.27B
Earnings
$446.06M
Fore. Rev. Growth
11.43%
Fore. Earn. Growth
N/A
Market Cap
$17.50B
Next Earnings
Apr 26, 2024
Next Dividend
Apr 23, 2024

Erie Indemnity Co Overview

WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on ERIE's stock page.

Is ERIE stock overvalued?

You can use many financial metrics, analyses, models, and charts to gauge ERIE's true value.

Using relative valuations methods:

  • ERIE may be overvalued based on its P/E ratio of 39.55x, relative to Insurance Brokers industry P/E ratio of 30.73x
  • ERIE could be overvalued based on its P/B ratio of 10.52x, relative to Insurance Brokers industry P/B ratio of 6.8x
  • ERIE may be overvalued based on its PEG ratio of 5.94x

You can access more valuation research on ERIE's stock here.

How do ERIE Financials look?

Signs that ERIE is financially healthy:

  • ERIE earnings of $561.94M is not sufficient to cover its interest payments.
  • There are more short-term assets than short-term liabilities on the ERIE balance sheet.
  • Total ERIE debt is lower than 5 years ago, relative to shareholder equity.
  • ERIE profit margin has gone up from 10.5% to 13.6% in the past year.
  • There are more short-term assets than long-term liabilities on the ERIE balance sheet.
  • ERIE's operating cash flow of $381.21M allows it to safely service it's debt of $0.00.

Signs that ERIE is not financially healthy:

  • ERIE has a relatively high debt to equity ratio of 0.49.

You can dive deeper into what analysts are saying on the Erie Indemnity Co stock forecast page.

Metrics for Advanced ERIE Traders

SMA10
392.57
SMA20
399.26
SMA50
386.71
SMA100
354.95
SMA200
312.02
MACD
-2
MACD Signal
2.03
MACD Histogram
-4.03
RSI
35.47
Stochastic %K
3.3
Stochastic %D
5.03
StochRSI %K
0
StochRSI %D
1.77

ERIE Earnings

Last year, ERIE earnings were $446.06M. During the last 5 year, ERIE's earnings have grown by 9.13% per year. This was slower than the Insurance Brokers industry average of 15.63%.

Last year, ERIE revenue was $3.27B. In the past 5 year, ERIE's revenue has increased by 6.53% per year. This was slower than the Insurance Brokers industry average of 8.18%.

Learn more about ERIE's earnings and revenue performance here.

What are ERIE insiders up to?

In the past 12 months, insiders at ERIE have sold more shares than they have bought.

J. Ralph Jr 1. Borneman, Director of ERIE, was the latest ERIE insider to sell. They sold $4,073,770.00 worth of ERIE shares on Feb 29, 2024.

Research more about who owns ERIE stock here.

Does ERIE provide a stable income stream?

Erie Indemnity Co pays a dividend of 1.3%, compared to the Insurance Brokers industry's average dividend yield of 0.87%. If you owned $1,000 worth of ERIE stock, you would have received $13.01 last year.

Erie Indemnity Co dividend payments have consistently grown over the past decade but have not remained stable.

Get more info about Erie Indemnity Co dividend yield and history here.

ERIE Social Trading Data

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Step 5: Execute your ERIE trade

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a particular price, place a limit order.

Click the Open button and eToro will execute the order.

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Step 6: Keep an eye on your ERIE position

Now that you own some shares in ERIE, you'll want to stay up-to-date on your stock purchase.

Put ERIE on a watchlist to get the latest updates about your ERIE stock.

ERIE Feed

How to Buy Stock in Erie Indemnity Co

To reiterate, here are the 6 steps for buying Erie Indemnity Co stock:

  1. Figure out where to buy Erie Indemnity Co stock
  2. Sign up for a brokerage account
  3. Deposit money your investment account
  4. Research Erie Indemnity Co stock
  5. Execute your ERIE trade
  6. Keep an eye on your ERIE position

If you need a brokerage, eToro is our recommended option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your investment in Erie Indemnity Co, add ERIE to your watchlist below.

NASDAQ: ERIE
$378.87-2.28 (-0.6%)
Updated Apr 15, 2024
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NASDAQ: ERIE
$378.87-2.28 (-0.6%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Erie Indemnity Co share?

As of Apr 15, 2024, it costs $378.87 to buy one share of Erie Indemnity Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.264 shares of ERIE.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Erie Indemnity Co stock?

One way to place an order for Erie Indemnity Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.