Eugene Connell - Erie Indemnity Independent Director

ERIE Stock  USD 408.17  2.21  0.54%   

Director

Mr. Eugene C. Connell is an Independent Director of the Company. He is a Chief Executive Officer, RendrFX, Inc., video software, since April 2017 Independent Investor and Advisor, Erie, PA, since 2011 Deputy Secretary, Commonwealth of Pennsylvania Department of Labor and Industry, Harrisburg, PA, 20132014 Executive Vice President, PropertyCasualty Products, Risk Lighthouse, LLC, Atlanta, GA, 2012 Senior Vice President and Chief Actuary and Chief Risk Officer, Erie Insurance Group, Erie, PA. Mr. Connell has more than 40 years of experience in the insurance industry, including a 23year career with the Company during which he held several senior leadership positions, including Chief Actuary and Chief Risk Officer. He has extensive experience in actuarial science automobile, property and workers compensation insurance development of property and casualty insurance products financial planning and modeling investments insurance regulation and risk management. Mr. Connell also satisfies the SEC requirements of an audit committee financial expert and was so designated by the Companys board of directors. since 2017.
Age 62
Tenure 7 years
Address 100 Erie Insurance Place, Erie, PA, United States, 16530-0001
Phone814 870 2000
Webhttps://www.erieinsurance.com

Erie Indemnity Management Efficiency

The company has return on total asset (ROA) of 0.1467 % which means that it generated a profit of $0.1467 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2867 %, meaning that it created $0.2867 on every $100 dollars invested by stockholders. Erie Indemnity's management efficiency ratios could be used to measure how well Erie Indemnity manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Assets is expected to grow to 0.19, whereas Return On Capital Employed is forecasted to decline to 0.15. At present, Erie Indemnity's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 1.5 B, whereas Other Assets are forecasted to decline to about 36.7 M.

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Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. Erie Indemnity Company was incorporated in 1925 and is based in Erie, Pennsylvania. Erie Indemnity operates under Insurance Brokers classification in the United States and is traded on NASDAQ Exchange. It employs 5805 people. Erie Indemnity (ERIE) is traded on NASDAQ Exchange in USA. It is located in 100 Erie Insurance Place, Erie, PA, United States, 16530-0001 and employs 6,481 people. Erie Indemnity is listed under Property & Casualty Insurance category by Fama And French industry classification.

Management Performance

Erie Indemnity Leadership Team

Elected by the shareholders, the Erie Indemnity's board of directors comprises two types of representatives: Erie Indemnity inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Erie. The board's role is to monitor Erie Indemnity's management team and ensure that shareholders' interests are well served. Erie Indemnity's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Erie Indemnity's outside directors are responsible for providing unbiased perspectives on the board's policies.
Claude Lilly, Independent Director
CPCU CPA, Ex CFO
Robert Ingram, Executive Vice President CIO
John Kearns, Executive VP of Sales and Marketing
George Lucore, Independent Director
Ronald Habursky, Senior Officer
Bill Matrogran, Vice Operations
Scott Beilharz, Vice President
Elizabeth Vorsheck, Independent Director
Jonathan Hagen, Independent Director
Dionne Oakley, Executive Vice President - Human Resources & Strategy
Martin Sheffield, Independent Director
Scott Hartz, Independent Director
Patrick Burns, Interim Executive Vice President - Services
Keith Kennedy, Senior Innovation
Julie CPA, Executive CFO
Brian Esq, Corporate VP
Lorianne Feltz, Executive Vice President - Services
Richard Stover, Independent Director
Richard Burt, Executive VP of Products
CPA CIC, President CEO
Eugene Connell, Independent Director
Marc CIC, Senior Underwriting
Gregory Gutting, Interim CFO, Interim Executive VP and Controller
Brian Hudson, Independent Director
Terrence Cavanaugh, CEO and President Director, Member of Investment Committee, Member of Charitable Giving Committee and Member of Strategy Committee
LuAnn Datesh, Independent Director
Douglas Smith, Executive Vice President - Products and of Sales and Marketing
CPCU FCAS, Ex Products
Charles Fletcher, Senior Marketing
Parthasarathy Srinivasa, Executive Officer
CPCU CIC, Senior Service
Ralph Borneman, Director
Robert Wilburn, Independent Director
Thomas Hagen, Independent Chairman of the Board
George Dufala, Executive VP of Services
Karen Skarupski, Senior Resources
Thomas Palmer, Independent Director
Sean McLaughlin, Executive Vice President General Counsel, Secretary
Timothy NeCastro, President CEO - Designate
Lorianne CPCU, Executive Service

Erie Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Erie Indemnity a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Erie Indemnity Investors Sentiment

The influence of Erie Indemnity's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Erie. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Erie Indemnity's public news can be used to forecast risks associated with an investment in Erie. The trend in average sentiment can be used to explain how an investor holding Erie can time the market purely based on public headlines and social activities around Erie Indemnity. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Erie Indemnity's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Erie Indemnity's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Erie Indemnity's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Erie Indemnity.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Erie Indemnity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Erie Indemnity's short interest history, or implied volatility extrapolated from Erie Indemnity options trading.

Pair Trading with Erie Indemnity

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Erie Indemnity position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Erie Indemnity will appreciate offsetting losses from the drop in the long position's value.

Moving together with Erie Stock

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Moving against Erie Stock

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The ability to find closely correlated positions to Erie Indemnity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erie Indemnity when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Erie Indemnity - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Erie Indemnity to buy it.
The correlation of Erie Indemnity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Erie Indemnity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erie Indemnity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Erie Indemnity can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Erie Indemnity is a strong investment it is important to analyze Erie Indemnity's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Erie Indemnity's future performance. For an informed investment choice regarding Erie Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Erie Indemnity. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For information on how to trade Erie Stock refer to our How to Trade Erie Stock guide.
You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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Is Erie Indemnity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Erie Indemnity. If investors know Erie will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Erie Indemnity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.697
Dividend Share
4.845
Earnings Share
8.53
Revenue Per Share
70.773
Quarterly Revenue Growth
0.167
The market value of Erie Indemnity is measured differently than its book value, which is the value of Erie that is recorded on the company's balance sheet. Investors also form their own opinion of Erie Indemnity's value that differs from its market value or its book value, called intrinsic value, which is Erie Indemnity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Erie Indemnity's market value can be influenced by many factors that don't directly affect Erie Indemnity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Erie Indemnity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Erie Indemnity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Erie Indemnity's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.