Erie Indemnity (ERIE)

• Market cap: $22.2B
• 1 day: 0.36%
• 5 days: 5.38%
• 1 month: -3.27%
• 3 months: -21.15%
• 6 months: 18.14%
• Year to date: 26.61%
• 1 year: 28.17%
• 5 years: 153.69%
• 10 years: 372.26%
• Sector: Financials
• Industry: Insurance Agents, Brokers & Service

About: 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.

Employees: 6,556

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

265% more call options, than puts

Call options by funds: $37.6M | Put options by funds: $10.3M

193% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 30

47% more capital invested

Capital invested by funds: $6.13B [Q2] → $9.03B (+$2.9B) [Q3]

20% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]

19% more funds holding

Funds holding: 305 [Q2] → 363 (+58) [Q3]

1.35% more ownership

Funds ownership: 36.64% [Q2] → 37.99% (+1.35%) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 122