+Compare
ERIE
Stock ticker: NASDAQ
AS OF
Loading...
Price
Loading...
Change
Loading...
Capitalization
15.46B

ERIE Erie Indemnity Company Forecast, Technical & Fundamental Analysis

a provider of insurance services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for ERIE with price predictions
08:00 PM EDT Sep 25, 2023

ERIE sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for ERIE moved above the 200-day moving average on August 30, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 11, 2023. You may want to consider a long position or call options on ERIE as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERIE advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 275 cases where ERIE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for ERIE moved out of overbought territory on September 20, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 29 similar instances where the indicator moved out of overbought territory. In of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Moving Average Convergence Divergence Histogram (MACD) for ERIE turned negative on August 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ERIE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ERIE broke above its upper Bollinger Band on September 12, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ERIE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.010) is normal, around the industry mean (62.925). ERIE has a moderately high P/E Ratio (43.668) as compared to the industry average of (23.531). Projected Growth (PEG Ratio) (2.672) is also within normal values, averaging (1.904). Dividend Yield (0.016) settles around the average of (0.020) among similar stocks. ERIE's P/S Ratio (5.634) is slightly higher than the industry average of (2.334).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are eHealth (NASDAQ:EHTH).

Industry description

Insurance brokers sell, solicit, or negotiate insurance for compensation. General insurance brokers mostly cater to insurances on car, house etc. (versus life). Brokers are also often instrumental in helping small employers find health insurance, particularly in more competitive markets. Additionally, brokers may also provide risk assessments, insurance consulting services, insurance-related regulatory and legislative update services. Some of the major names in this industry include Marsh & McLennan Companies, Inc., Aon plc and Verisk Analytics Inc.

Market Cap

The average market capitalization across the Insurance Brokers/Services Industry is 16.42B. The market cap for tickers in the group ranges from 419.6K to 96.52B. MMC holds the highest valuation in this group at 96.52B. The lowest valued company is ARGQD at 419.6K.

High and low price notable news

The average weekly price growth across all stocks in the Insurance Brokers/Services Industry was -3%. For the same Industry, the average monthly price growth was 33%, and the average quarterly price growth was 139%. EHTH experienced the highest price growth at 11%, while CUII experienced the biggest fall at -43%.

Volume

The average weekly volume growth across all stocks in the Insurance Brokers/Services Industry was -28%. For the same stocks of the Industry, the average monthly volume growth was 1% and the average quarterly volume growth was -3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 74
P/E Growth Rating: 68
Price Growth Rating: 49
SMR Rating: 62
Profit Risk Rating: 60
Seasonality Score: -7 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I. Advisor
published Earnings

ERIE is expected to report earnings to fall 10.22% to $2.02 per share on October 26

Erie Indemnity Company ERIE Stock Earnings Reports
Q3'23
Est.
$2.02
Q2'23
Beat
by $0.35
Q1'23
Beat
by $0.07
Q4'22
Missed
by $0.07
Q3'22
Missed
by $0.19
The last earnings report on July 27 showed earnings per share of $2.25, beating the estimate of $1.90. With 109.05K shares outstanding, the current market capitalization sits at 15.46B.
A.I.Advisor
published Dividends

ERIE paid dividends on July 20, 2023

Erie Indemnity Company ERIE Stock Dividends
А dividend of $1.19 per share was paid with a record date of July 20, 2023, and an ex-dividend date of July 05, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of insurance services

Industry InsuranceBrokersServices

Profile
Fundamentals
Details
Industry
Property Or Casualty Insurance
Address
100 Erie Insurance Place
Phone
+1 814 870-2000
Employees
6038
Web
https://www.erieinsurance.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
SPIR4.95-0.03
-0.60%
Spire Global
TDS17.71-0.17
-0.95%
Telephone and Data Systems
WSM153.67-2.61
-1.67%
Williams-Sonoma
NGL3.70-0.13
-3.39%
NGL Energy Partners LP
GCTK0.24-0.02
-6.43%
GlucoTrack

ERIE and

Correlation & Price change

A.I.dvisor indicates that over the last year, ERIE has been loosely correlated with AJG. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if ERIE jumps, then AJG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERIE
1D Price
Change %
ERIE100%
-0.18%
AJG - ERIE
63%
Loosely correlated
-0.99%
MMC - ERIE
55%
Loosely correlated
-0.97%
AON - ERIE
43%
Loosely correlated
-1.25%
BRO - ERIE
43%
Loosely correlated
-1.41%
WTW - ERIE
34%
Loosely correlated
-0.31%
More

Groups containing ERIE

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERIE
1D Price
Change %
ERIE100%
-0.18%
Insurance Brokers/Services
(undefined stocks)
69%
Closely correlated
-3.49%
insurance
(undefined stocks)
50%
Loosely correlated
-0.88%
casualty insurance
(undefined stocks)
49%
Loosely correlated
-0.16%
Insurance
(undefined stocks)
41%
Loosely correlated
-0.69%