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Stock impact report

Erie Indemnity Company: Strong Retention Rates Aren't Enough To Make A Buy [Seeking Alpha]

Erie Indemnity Company - Class A (ERIE) 
Last erie indemnity company - class a earnings: 10/24 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: erieinsurance.com/investor
Company Research Source: Seeking Alpha
Pennsylvania's high home and car insurance costs present a significant growth opportunity for ERIE. The company's valuation is currently too high to justify a buy case, and the risk of weather-related losses adds to the downside risk. Introduction The last quarter showcased a significant beat on the bottom line for Erie Indemnity Company ( NASDAQ: ERIE ), but the fact of the matter remains that the valuation is too high to justify a buy case. The jump in price greatly increases the downside risk if there is a broader market correction. However, holding shares still seems like a reasonable approach to take when the yield is over 1.6% right now and it has been growing for the last 12 years consecutively. I like the business and how it operates, the large amount of retention they can have speaks volumes about the quality they provide. For the moment though it remains to be a hold. Company Structure ERIE founded in 1925 and based in Pennsylvania, operates as the attorney-in-f Show less Read more
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