Erie Indemnity is an attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange), a reciprocal insurer that writes property and casualty insurance. Co.'s main function as attorney-in-fact is to perform policy issuance and renewal services on behalf of the subscribers at the Exchange. Co. also acts as attorney-in-fact on behalf of the Exchange with respect to claims handling and investment management services, as well as the service provider for the claims handling, life insurance, and investment management services for its insurance subsidiaries. Co. provides policy issuance and renewal services related to the sales, underwriting and issuance of policies. We show 39 historical shares outstanding datapoints in our coverage of ERIE's shares outstanding history.
Understanding the changing numbers of ERIE shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like ERIE versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching ERIE by allowing them to research ERIE shares outstanding history
as well as any other stock in our coverage universe. |
Video: Shares Outstanding Importance
