Erie, Pennsylvania-based Erie Indemnity Company (ERIE) is a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange. Valued at a market cap of $13.2 billion, the company provides issuance and renewal services, sales-related services, underwriting services, and information technology services.
This financial company has considerably underperformed the broader market over the past 52 weeks. Shares of ERIE have declined 29.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.2%. Meanwhile, on a YTD basis, the stock is down marginally, broadly in line with SPX.
