Erie Indemnity Company Insiders
ERIE Stock | USD 385.69 3.48 0.91% |
Erie Indemnity's insiders are aggressively selling. The analysis of insider sentiment suggests that all Erie Indemnity insiders are, at present, panicking. Erie Indemnity employs about 6.5 K people. The company is managed by 44 executives with a total tenure of roughly 330 years, averaging almost 7.0 years of service per executive, having 147.3 employees per reported executive.
Terrence Cavanaugh CEO CEO and President Director, Member of Investment Committee, Member of Charitable Giving Committee and Member of Strategy Committee |
Timothy NeCastro CEO President CEO - Designate |
Erie Indemnity's Insider Buying Vs Selling
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Selling | Buying |
Latest Trades
2024-02-29 | J Ralph Borneman Jr | Disposed 10000 @ 407.38 | View | ||
2023-08-18 | Marc Cipriani | Disposed 2000 @ 282.52 | View |
Monitoring Erie Indemnity's insider sentiment can offer insights into its future performance, as insiders often have access to more information about their company's operations, financial health, and upcoming initiatives than the general public. However, it's essential to note that insider trading is regulated by securities laws, and insiders are required to disclose their trades publicly to ensure transparency and prevent unfair advantages based on non-public information.
Erie |
Erie Indemnity's Workforce Through the Years
Please note that employee historical analysis has become an increasingly important factor for investors assessing the risk associated with Erie Indemnity's future performance. Based on our forecasts, it is anticipated that Erie will maintain a workforce of about 6480 employees by May 2024.Erie Indemnity Management Team Effectiveness
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. At present, Erie Indemnity's Return On Assets are projected to increase slightly based on the last few years of reporting. 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.The current year's Common Stock Shares Outstanding is expected to grow to about 56.2 M, whereas Net Income Applicable To Common Shares is forecasted to decline to about 219.9 M.
Erie Indemnity Workforce Comparison
Erie Indemnity is rated # 4 in number of employees category among related companies. The total workforce of Financials industry is currently estimated at about 201,679. Erie Indemnity holds roughly 6,481 in number of employees claiming about 3% of equities under Financials industry.
Erie Indemnity Profit Margins
The company has Profit Margin (PM) of 0.14 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.17 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.17.Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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Gross Profit Margin | 0.17 | 0.1568 |
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Net Profit Margin | 0.14 | 0.1368 |
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Pretax Profit Margin | 0.33 | 0.1724 |
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Return On Assets | 0.19 | 0.1777 |
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Return On Equity | 0.17 | 0.2683 |
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Erie Indemnity Insider Trading History
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Erie Indemnity insiders, such as employees or executives, is commonly permitted as long as it does not rely on Erie Indemnity's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases, Erie Indemnity insiders must file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Buy/Sell Ratio | # Purchases Trades | # Sales Trades | Total Shares Purchased | Total Shares Sold | |
---|---|---|---|---|---|
2024-03-01 | 39.0 | 39 | 1 | 1,730 | 10,000 |
2023-09-01 | 34.0 | 34 | 1 | 1,580 | 2,000 |
2023-06-01 | 21.0 | 42 | 2 | 1,972 | 1,721 |
2023-03-01 | 20.5 | 41 | 2 | 2,872 | 74.80 |
2022-12-01 | 14.5 | 29 | 2 | 1,681 | 944.00 |
2022-06-01 | 52.0 | 52 | 1 | 3,345 | 0.00 |
2022-03-01 | 39.0 | 39 | 1 | 1,926 | 0.00 |
2021-09-01 | 38.0 | 38 | 1 | 2,198 | 400.00 |
2020-03-01 | 51.0 | 51 | 1 | 4,027 | 170.26 |
2019-12-01 | 37.0 | 37 | 1 | 1,577 | 0.00 |
2019-09-01 | 12.6667 | 38 | 3 | 1,412 | 488,943 |
2019-03-01 | 7.1429 | 50 | 7 | 8,330 | 10,000 |
2018-09-01 | 46.0 | 46 | 1 | 4,153 | 80.00 |
2018-06-01 | 50.0 | 50 | 1 | 3,532 | 0.00 |
2018-03-01 | 14.75 | 59 | 4 | 14,844 | 2.01 |
2017-12-01 | 49.0 | 49 | 1 | 4,123 | 0.00 |
2017-09-01 | 34.0 | 34 | 1 | 2,414 | 85.00 |
2017-06-01 | 8.6667 | 26 | 3 | 12,032 | 0.00 |
2017-03-01 | 24.0 | 24 | 1 | 2,087 | 2,700 |
2016-12-01 | 12.0 | 24 | 2 | 2,124 | 356,368 |
2016-06-01 | 1.6471 | 28 | 17 | 2,049 | 12,950 |
2015-12-01 | 24.0 | 24 | 1 | 1,958 | 0.00 |
2015-06-01 | 33.0 | 33 | 1 | 5,178 | 1,170 |
2014-12-01 | 13.0 | 26 | 2 | 2,338 | 2,300 |
2013-09-01 | 27.5 | 55 | 2 | 2,664 | 901.49 |
2013-03-01 | 11.75 | 47 | 4 | 2,153 | 2,072 |
2012-09-01 | 9.5 | 57 | 6 | 3,497 | 23,272 |
2012-06-01 | 34.5 | 69 | 2 | 5,241 | 700.00 |
2012-03-01 | 27.5 | 55 | 2 | 2,931 | 0.00 |
2011-09-01 | 71.0 | 71 | 1 | 46,007 | 1,000.00 |
2011-06-01 | 51.0 | 51 | 1 | 3,709 | 400.00 |
2010-12-01 | 10.75 | 43 | 4 | 3,111 | 697,025 |
2010-06-01 | 40.0 | 40 | 1 | 3,862 | 500.00 |
2009-12-01 | 50.0 | 50 | 1 | 7,621 | 272.00 |
2009-06-01 | 17.0 | 51 | 3 | 1,923,295 | 1,000.00 |
2008-12-01 | 20.6667 | 62 | 3 | 52,027 | 0.00 |
2008-09-01 | 10.6667 | 32 | 3 | 2,172 | 800.00 |
2008-06-01 | 8.8333 | 53 | 6 | 43,645 | 5,402 |
2008-03-01 | 5.5556 | 50 | 9 | 13,350 | 1,027 |
2007-12-01 | 38.0 | 38 | 1 | 17,476 | 15,000 |
2007-09-01 | 0.5195 | 40 | 77 | 2,542 | 31,236 |
2007-06-01 | 0.873 | 55 | 63 | 67,464 | 44,398 |
2007-03-01 | 0.6024 | 50 | 83 | 17,068 | 95,285 |
2006-12-01 | 1.1613 | 36 | 31 | 2,201 | 14,606 |
2006-09-01 | 41.0 | 41 | 1 | 3,243 | 700.00 |
2006-06-01 | 18.0 | 54 | 3 | 4,064 | 7,000 |
2006-03-01 | 3.125 | 50 | 16 | 19,624 | 4,840 |
2005-12-01 | 6.5 | 39 | 6 | 2,380 | 3,014 |
2005-06-01 | 14.0 | 42 | 3 | 1,696 | 42,400 |
2005-03-01 | 50.0 | 50 | 1 | 14,399 | 2,259 |
2004-12-01 | 11.0 | 33 | 3 | 1,261 | 10,460 |
2004-09-01 | 10.75 | 43 | 4 | 2,540 | 240.00 |
2004-06-01 | 14.3333 | 43 | 3 | 3,713 | 1,816 |
2004-03-01 | 49.0 | 49 | 1 | 15,795 | 0.00 |
2003-12-01 | 6.8 | 34 | 5 | 3,245 | 460.00 |
Erie Indemnity Notable Stakeholders
An Erie Indemnity stakeholder refers to an individual interested in an outcome of the business. Different stakeholders have different interests, and companies such as Erie Indemnity often face trade-offs trying to please all of them. Erie Indemnity's stakeholders can have a positive or negative influence on the entity's direction, and there are a lot of executives involved in getting Erie Indemnity's stock to the level that pleases all shareholders. Keeping track of the stakeholders is a great way to stay on top of things affecting its ongoing price.
CPA CIC | President CEO | Profile | |
Terrence Cavanaugh | CEO and President Director, Member of Investment Committee, Member of Charitable Giving Committee and Member of Strategy Committee | Profile | |
Timothy NeCastro | President CEO - Designate | Profile | |
Thomas Hagen | Independent Chairman of the Board | Profile | |
Robert Ingram | Executive Vice President CIO | Profile | |
Scott Beilharz | Vice President | Profile | |
Dionne Oakley | Executive Vice President - Human Resources & Strategy | Profile | |
Patrick Burns | Interim Executive Vice President - Services | Profile | |
Lorianne Feltz | Executive Vice President - Services | Profile | |
Douglas Smith | Executive Vice President - Products and of Sales and Marketing | Profile | |
Sean McLaughlin | Executive Vice President General Counsel, Secretary | Profile | |
Julie CPA | Executive CFO | Profile | |
Gregory Gutting | Interim CFO, Interim Executive VP and Controller | Profile | |
John Kearns | Executive VP of Sales and Marketing | Profile | |
Richard Burt | Executive VP of Products | Profile | |
George Dufala | Executive VP of Services | Profile | |
Claude Lilly | Independent Director | Profile | |
George Lucore | Independent Director | Profile | |
Elizabeth Vorsheck | Independent Director | Profile | |
Jonathan Hagen | Independent Director | Profile | |
Martin Sheffield | Independent Director | Profile | |
Scott Hartz | Independent Director | Profile | |
Richard Stover | Independent Director | Profile | |
Eugene Connell | Independent Director | Profile | |
Brian Hudson | Independent Director | Profile | |
LuAnn Datesh | Independent Director | Profile | |
Ralph Borneman | Director | Profile | |
Robert Wilburn | Independent Director | Profile | |
Thomas Palmer | Independent Director | Profile | |
Brian Esq | Corporate VP | Profile | |
CPCU CPA | Ex CFO | Profile | |
Ronald Habursky | Senior Officer | Profile | |
Bill Matrogran | Vice Operations | Profile | |
Keith Kennedy | Senior Innovation | Profile | |
CIPM CIPP | Senior Resources | Profile | |
Marc CIC | Senior Underwriting | Profile | |
Charles CIC | Senior Marketing | Profile | |
Jeffrey CPCU | Senior Services | Profile | |
CPCU FCAS | Ex Products | Profile | |
Charles Fletcher | Senior Marketing | Profile | |
Parthasarathy Srinivasa | Executive Officer | Profile | |
CPCU CIC | Senior Service | Profile | |
Karen Skarupski | Senior Resources | Profile | |
Lorianne CPCU | Executive Service | Profile |
About Erie Indemnity Management Performance
The success or failure of an entity such as Erie Indemnity often depends on how effective the management is. Erie Indemnity management team is responsible for propelling the future growth in the right direction and administering and controlling the business activities and accounting for the results. Ineffective management usually contributes to failure in the company's future performance for all stakeholders equally, but most importantly, for investors. So it is important to measure the effectiveness of Erie management before purchasing its stock. In many ways, it's all about finding the answer to one important question - Are they doing the right thing right now? How would we assess whether the Erie management is utilizing all available resources in the best possible way? Also, how well is the company doing relative to others in its sector and the market as a whole? The answer can be found by analyzing a few important fundamental indicators such as return on assets and return on equity.
Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.17 | 0.18 | |
Return On Capital Employed | 0.29 | 0.15 | |
Return On Assets | 0.18 | 0.19 | |
Return On Equity | 0.27 | 0.17 |
The data published in Erie Indemnity's official financial statements usually reflect Erie Indemnity's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Erie Indemnity. For example, before you start analyzing numbers published by Erie accountants, it's critical to develop an understanding of what Erie Indemnity's liquidity, profitability, and earnings quality are in the context of the Insurance space in which it operates.
Please note, the presentation of Erie Indemnity's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Erie Indemnity's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Erie Indemnity's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Erie Indemnity. Please utilize our Beneish M Score to check the likelihood of Erie Indemnity's management manipulating its earnings.
Erie Indemnity Workforce Analysis
Traditionally, organizations such as Erie Indemnity use manpower efficiency calculations for various incentive schemes, employee appraisal, or as an initiative to improve the processes. However, it can also be used by investors to make long-term investment decisions. The trends in the profit per employee or revenue per employee are measured by net income or revenue divided by the current number of full-time employees over a given time interval. Because workforce needs differ across sectors, these ratios could be used to compare Erie Indemnity within its industry.Erie Indemnity Manpower Efficiency
Return on Erie Indemnity Manpower
Revenue Per Employee | 503K | |
Revenue Per Executive | 74.1M | |
Net Income Per Employee | 68.8K | |
Net Income Per Executive | 10.1M | |
Working Capital Per Employee | 29.2K | |
Working Capital Per Executive | 4.3M |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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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 8.55 | 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.