Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Erie Indemnity Co before investing.

In this article, we go over a few key elements for understanding Erie Indemnity Co’s stock price such as:

• Erie Indemnity Co’s current stock price and volume
• Why Erie Indemnity Co’s stock price changed recently
• Upgrades and downgrades for ERIE from analysts
• ERIE’s stock price momentum as measured by its relative strength

About Erie Indemnity Co (ERIE)

Before we jump into Erie Indemnity Co’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Erie Indemnity Company serves as the attorney-in-fact for the subscribers at the Erie Insurance Exchange (Exchange). The Exchange is a reciprocal insurer that writes property and casualty insurance. The Exchange has wholly owned property and casualty subsidiaries, including Erie Insurance Company, Erie Insurance Company of New York, Erie Insurance Property & Casualty Company, and Flagship City Insurance Company. The Exchange also has a wholly owned life insurance company, Erie Family Life Insurance Company (EFL). Its primary function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. It also acts as attorney-in-fact on behalf of the subscribers at the Exchange with respect to all claims handling and investment management services, as well as the service provider for all claims handling, life insurance and investment management services for the Exchange's insurance subsidiaries (collectively, administrative services).

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Erie Indemnity Co’s Stock Price as of Market Close

As of July 26, 2024, 4:00 PM, CST, Erie Indemnity Co’s stock price was $421.38.

Erie Indemnity Co is up 8.74% from its previous closing price of $387.51.

During the last market session, Erie Indemnity Co’s stock traded between $383.29 and $392.36. Currently, there are 52.29 million shares of Erie Indemnity Co stock available for purchase.

Erie Indemnity Co’s price-earnings (P/E) ratio is currently at 46.7, which is high compared to the Insurance - Property & Casualty industry median of 13. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Erie Indemnity Co Stock Price History

Erie Indemnity Co’s (ERIE) price is currently up 16.27% so far this month.

During the month of July, Erie Indemnity Co’s stock price has reached a high of $423.16 and a low of $355.94.

Over the last year, Erie Indemnity Co has hit prices as high as $420.34 and as low as $207.99. Year to date, Erie Indemnity Co’s stock is up 69.42%.

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What Caused Erie Indemnity Co Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 25, 2024, there was 1 analyst who downgraded Erie Indemnity Co’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Erie Indemnity Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Erie Indemnity Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Erie Indemnity Co’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Erie Indemnity Co (ERIE) by visiting AAII Stock Evaluator.

Relative Price Strength of Erie Indemnity Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 25, 2024, Erie Indemnity Co has a weighted four-quarter relative price strength of 9.93%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

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Erie Indemnity Co Stock Price: Bottom Line

As of July 26, 2024, Erie Indemnity Co’s stock price is $421.38, which is up 8.74% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Erie Indemnity Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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