Erie Indemnity Stock Price Overview and Company Performance

Erie Indemnity Company has consistently delivered strong financial performance over the years, with a compound annual growth rate (CAGR) of 10.5% in its stock price from 2015 to 2022.

The company's solid financials can be attributed to its stable underwriting results and a growing dividend payout.

Erie Indemnity's stock price has shown significant growth, increasing by 25% in the past year alone.

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Erie Indemnity Company's stock performance is a mixed bag. The company's revenue has increased by 15.10% in 2023 compared to the previous year.

The stock's market value has fluctuated significantly, with a 52-week high of $547.00 and a 52-week low of $337.58. This is a significant range, indicating that the stock's price has been volatile.

The stock's beta is 0.47, which is lower than the market average, indicating that it is less volatile than the overall market. However, the stock's 1-month and 3-month changes have been negative, with a 7.71% and 14.55% decrease respectively.

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Here's a summary of the stock's price changes over the past year:

The stock's price volatility has been relatively stable in the past 3 months compared to the US market, with an average weekly movement of 4.5%. However, it's worth noting that the stock's weekly volatility has been stable over the past year, at 5%.

In the past 7 days, ERIE's shareholder returns have been -4.6%, which is a significant drop.

ERIE's 1-year returns have been 12.9%, a respectable figure. However, it's worth noting that this lags behind the 18.9% returns seen in the US Insurance industry.

If we compare ERIE's performance to the broader US Market, it's clear that the company has underperformed. Over the past year, the US Market has returned a whopping 24.9%.

Here's a quick comparison of ERIE's performance to the industry and market:

Erie Indemnity Company's Board of Directors made some significant decisions at their regular meeting on December 10, 2024.

The Board set the management fee rate charged to Erie Insurance, but the exact rate isn't specified in the article.

At the same meeting, the Board declared regular dividends, which is a positive development for shareholders.

The article doesn't provide further details on the dividend increase, such as the amount or percentage.

Super Micro's stock price dropped 33% on Wednesday, but it's not related to Erie Indemnity's management fee rate or dividend increase.

Erie Indemnity's stock is listed on the NASDAQ under the ticker symbol ERIE.

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Erie Indemnity's stock price has been on a steady rise, with a 52-week high of $134.55 reached in April 2022.

The company's strong financial performance has been a key driver of this growth, with net income increasing by 15% in the first quarter of 2022 compared to the same period the previous year.

Erie Indemnity's cash flow has also been a major contributor to its success, with the company generating $134 million in operating cash flow in the first quarter of 2022.

The company's commitment to paying dividends has been a key factor in attracting investors, with a quarterly dividend of $0.90 per share paid out in the first quarter of 2022.

Erie Indemnity's stock price has been influenced by industry trends, with the company benefiting from the growing demand for property and casualty insurance.