ERIE INDEMNITY COMPANY
At today's price, ERIE INDEMNITY COMPANY (ERIE) is priced for +0.9% earnings growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Erie Indemnity is a capital-light fee business that earns a 25% management fee on the Erie Insurance Exchange's premiums with no underwriting risk, growing fee revenue 4.2% to $786.4 million in the latest quarter as Exchange premiums rose. • The biggest specific risk is total dependence on a single counterparty: all revenue comes from the Exchange, and the central economic variable is a discretionary fee rate set by Erie Indemnity's own board, a related-party structure with no diversification.
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385 institutional managers reported holding ERIE in 13F filings for the quarter ended 2026-03-31. Together they hold about 43% of the company; the top 10 hold 32%. 47 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 2.7M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (16 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
It pays a dividend, and has paid one every year in our records (17 and counting). Cash returned over the past three years: $670.73M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ERIE over the trailing three years: 2026: 1 buy totaling $1.43M. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ERIE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-28 | +4.3% | +34.2% |
| 2023-10-27 | -7.2% | +22.6% |
| 2024-02-27 | +11.4% | -1.7% |
| 2024-04-26 | -0.2% | -5.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ERIE's latest 8-K filings: 2026-05-21 (items 5.02); 2026-04-23 (items 2.02, 5.07, 8.01, 9.01); 2026-02-23 (items 2.02, 8.01, 9.01); 2026-02-20 (items 5.02, 8.01, 9.01); 2025-12-11 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.