ERIE Erie Indemnity Company - Class A Common Stock
$266.04
Price · Aug 19, 2026
Fundamentals as of Jul 30, 2026
52W Range
$205–$367
38% of range
Analyst Rating
STRONG BUY
8 analysts
Price Target
—
P/E (TTM)
—
ROE
25.0%
Net Profit Margin
13.8%
ERIE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$266.04
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
$4.07B
Div Yield
—
ROE
25.0%
Debt/Equity
—
52W Range
$205 – $367
ERIE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$4.07B
2016-12-31
→
2025-12-31
EPS
—
Free Cash Flow
$571M
2018-12-31
→
2025-12-31
Margins
13.8%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ERIE
Peer Median
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ERIE
Peer Median
Operating Margin
17.6%
—
Net Profit Margin
13.8%
10.9%
ROA
17.9%
2.8%
ROE
25.0%
17.1%
ROIC
24.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ERIE
Peer Median
Current Ratio
1.3
1.7
Quick Ratio
0.8
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ERIE
Peer Median
Revenue YoY
7.2%
—
Revenue CAGR 3Y
12.7%
—
Revenue CAGR 5Y
9.9%
—
Net Income YoY
-6.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ERIE
Peer Median
Payout Ratio
45.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
45.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| July 7, 2026 | $1.4630 |
| April 7, 2026 | $1.4630 |
| Jan. 6, 2026 | $1.4630 |
| Oct. 6, 2025 | $1.3650 |
| July 8, 2025 | $1.3650 |
| April 7, 2025 | $1.3650 |
| Jan. 7, 2025 | $1.3650 |
| Oct. 7, 2024 | $1.2750 |
| July 9, 2024 | $1.2750 |
| April 8, 2024 | $1.2750 |
| Jan. 5, 2024 | $1.2750 |
| Oct. 4, 2023 | $1.1900 |
| July 5, 2023 | $1.1900 |
| April 4, 2023 | $1.1900 |
| Jan. 4, 2023 | $1.1900 |
| Oct. 4, 2022 | $1.1100 |
| July 5, 2022 | $1.1100 |
| April 4, 2022 | $1.1100 |
| Jan. 4, 2022 | $1.1100 |
| Oct. 4, 2021 | $1.0350 |
ERIE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
8 analysts
- Strong Buy 3 37.5%
- Buy 3 37.5%
- Hold 2 25.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.22%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $3.45 | $3.44 | 0.01% |
| March 31, 2026 | $2.88 | $3.12 | -0.24% |
| Dec. 31, 2025 | $1.21 | $1.62 | -0.41% |
| Sept. 30, 2025 | $3.50 | $3.44 | 0.06% |
| June 30, 2025 | $3.34 | $3.54 | -0.20% |
| March 31, 2025 | $2.65 | $3.16 | -0.51% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ERIE | — | — | 7.2% | 13.8% | 25.0% | — |
| L | — | 13.2 | 5.4% | 9.0% | 9.3% | — |
| MKL | $27.06B | 12.7 | 4.7% | 13.6% | 11.9% | — |
| AIZ | — | — | — | — | — | — |
| CNA | $12.92B | 10.2 | 5.0% | 8.5% | 11.6% | — |
| FNF | $14.79B | 24.7 | 5.6% | 4.2% | 7.9% | — |
| AFG | $11.40B | 13.6 | -1.8% | 10.3% | 18.1% | — |
| ORI | — | 12.3 | 11.0% | 10.2% | 16.2% | — |
| KNSL | $9.05B | 18.1 | 18.0% | 26.9% | 27.4% | — |
| THG | — | 10.1 | 5.7% | 10.1% | 20.7% | — |
| FAF | $6.27B | 10.2 | 21.6% | 8.3% | 11.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.07B | $3.80B | $3.27B | $2.84B | $2.63B | $2.54B | $2.48B | $2.38B | $1.69B | $1.60B | $1.51B | $1.41B | |
| Operating Expenses | $3.35B | $3.12B | $2.75B | $2.46B | $2.32B | $2.20B | $2.12B | $2.04B | $1.40B | $1.30B | $1.27B | $1.18B | |
| Operating Income | $717M | $676M | $520M | $376M | $318M | $338M | $357M | $344M | $290M | $294M | $233M | $223M | |
| Interest Expense | · | · | $0 | $2M | $4M | $731.0K | $856.0K | $2M | $1M | $101.0K | · | · | |
| Interest Income | · | · | · | · | · | · | $34M | $31M | $26M | $22M | $19M | $17M | |
| Other Non-op | $9M | $12M | $13M | $2M | $-5M | $-2M | $255.0K | $4M | $-2M | $-1M | · | · | |
| Pretax Income | $711M | $757M | $562M | $376M | $376M | $369M | $397M | $371M | $316M | $320M | $266M | $251M | |
| Income Tax | $151M | $157M | $116M | $78M | $79M | $75M | $80M | $83M | $119M | $110M | $92M | $84M | |
| Net Income | $559M | $600M | $446M | $299M | $298M | $293M | $317M | $288M | $197M | $210M | $175M | $168M | |
| EBITDA | $787M | $733M | $568M | $422M | $355M | $359M | $374M | $358M | $303M | $307M | $249M | · |
Balance Sheet 22
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | $266M | $216M | $189M | $183M | $92M | |
| Short-term Investments | · | · | · | · | · | · | · | · | $71M | $56M | $62M | $63M | |
| Receivables | $736M | $707M | $625M | $525M | $479M | $495M | $469M | · | · | · | · | · | |
| Prepaid Expense | $66M | $84M | $69M | $79M | $56M | $53M | $45M | $37M | $35M | $30M | $25M | $26M | |
| Current Assets | $1.20B | $1.15B | $930M | $779M | $764M | $732M | $891M | $1.17B | $802M | $666M | $635M | $533M | |
| Intangibles | · | · | · | · | · | · | · | · | · | · | $47M | $43M | |
| Other Non-current Assets | $48M | $43M | $43M | $43M | $49M | $40M | $63M | $62M | $29M | $20M | $21M | $22M | |
| Total Assets | $3.36B | $2.89B | $2.47B | $2.24B | $2.24B | $2.12B | $2.02B | $1.78B | $1.67B | $1.55B | $1.41B | $1.32B | |
| Accounts Payable | $201M | $190M | $176M | $166M | $138M | $151M | $135M | $111M | $105M | $88M | $89M | $36M | |
| Short-term Debt | · | · | · | · | $0 | · | · | · | · | · | · | · | |
| Current Liabilities | $946M | $803M | $709M | $665M | $631M | $628M | $588M | $547M | $510M | $470M | $446M | $400M | |
| Capital Leases | · | · | · | · | · | · | · | $0 | · | · | · | · | |
| Deferred Tax | $25M | $6M | $11M | $14M | $0 | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $23M | $23M | $22M | $29M | $14M | $9M | $22M | $12M | $2M | $2M | $2M | $1M | |
| Total Liabilities | $1.07B | $901M | $809M | $791M | $900M | $929M | $883M | $805M | $809M | $732M | $638M | $616M | |
| Long-term Debt | · | · | · | $0 | $94M | $96M | $98M | $100M | $75M | · | · | · | |
| Total Debt | · | · | · | $0 | $94M | $96M | $98M | $100M | $75M | $25M | · | · | |
| Retained Earnings | $3.46B | $3.16B | $2.80B | $2.58B | $2.50B | $2.39B | $2.38B | $2.23B | $2.14B | $2.07B | $1.99B | $1.95B | |
| Treasury Stock | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.16B | $1.16B | $1.16B | $1.16B | $1.16B | $1.16B | $1.15B | |
| AOCI | $-52M | $-48M | $-13M | $-7M | $-25M | $-78M | $-117M | $-130M | $-156M | $-121M | $-97M | $-118M | |
| Stockholders' Equity | $2.28B | $1.99B | $1.66B | $1.45B | $1.34B | $1.19B | $1.13B | $974M | $857M | $817M | $770M | $703M | |
| Liabilities + Equity | $3.36B | $2.89B | $2.47B | $2.24B | $2.24B | $2.12B | $2.02B | $1.78B | $1.67B | $1.55B | $1.41B | $1.32B |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $70M | $56M | $47M | $46M | $37M | $21M | $17M | $13M | $15M | $15M | $16M | $16M | |
| Deferred Tax | · | $4M | $-1M | $9M | $-2M | $-5M | $3M | $-1M | $27M | $-2.0K | $-15M | $-3M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | $9M | $7M | |
| Other Non-cash | $58M | $-50M | $-111M | $12M | $70M | $33M | $28M | $-37M | $-42M | $29M | $41M | · | |
| Operating Cash Flow | $687M | $611M | $381M | $366M | $403M | $343M | $365M | $264M | $197M | $254M | $217M | $186M | |
| CapEx | $116M | $125M | $93M | $67M | $149M | $56M | $102M | $56M | $29M | $25M | · | · | |
| Investing Cash Flow | $-439M | $-227M | $-158M | $-107M | $-185M | $-243M | $-125M | $-81M | $-75M | $-137M | $622.0K | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | $0 | $0 | $20M | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $0 | $0 | $-20M | |
| Dividends Paid | $254M | $238M | $222M | $207M | $193M | $273M | $168M | $156M | $146M | $136M | $127M | $119M | |
| Financing Cash Flow | $-200M | $-230M | $-222M | $-301M | $-195M | $-275M | $-170M | $-131M | $-96M | $-111M | $-127M | · | |
| Net Change in Cash | $47M | $154M | $2M | $-42M | $22M | $-175M | $70M | $51M | $27M | $6M | $91M | · | |
| Taxes Paid | $104M | $160M | $104M | $81M | $84M | $83M | $73M | $59M | $106M | $105M | $106M | $95M | |
| Free Cash Flow | $571M | $486M | $289M | $299M | $254M | $287M | $262M | $207M | · | · | · | · | |
| Levered FCF | · | · | $289M | $297M | $251M | $286M | $262M | $205M | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 17.6% | 17.8% | 15.9% | 13.2% | 12.1% | 13.3% | 14.4% | 14.4% | 17.1% | 18.3% | 15.4% | · | |
| Net Margin | 13.8% | 15.8% | 13.7% | 10.5% | 11.3% | 11.6% | 12.8% | 12.1% | 11.6% | 13.2% | 11.6% | 2.7% | |
| Pretax Margin | 17.5% | 20.0% | 17.2% | 13.2% | 14.3% | 14.5% | 16.0% | 15.6% | 18.7% | 20.1% | 17.7% | 13.6% | |
| EBITDA Margin | 19.3% | 19.3% | 17.4% | 14.9% | 13.5% | 14.2% | 15.1% | 15.0% | 17.9% | 19.3% | 16.5% | · | |
| ROA | 17.9% | 22.4% | 18.9% | 13.3% | 13.7% | 14.2% | 16.7% | 16.7% | 12.3% | 14.2% | 12.8% | 0.98% | |
| ROE | 25.0% | 30.5% | 27.2% | 21.3% | 22.7% | 24.1% | 28.1% | 30.4% | 23.5% | 26.5% | 23.7% | 23.4% | |
| ROIC | 24.7% | 27.0% | 24.8% | 20.6% | 17.5% | 21.0% | 23.2% | 24.9% | 19.3% | 22.8% | 19.8% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.4 | 1.3 | 1.2 | 1.2 | 1.2 | 1.5 | 2.1 | 1.6 | 1.4 | 1.4 | · | |
| Quick Ratio | 0.8 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | · | 0.5 | 0.6 | 0.5 | 0.5 | · | |
| Debt / Equity | · | · | · | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | · | · | |
| LT Debt / Equity | · | · | · | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | · | · | |
| Interest Coverage | · | · | · | 187.3 | 77.0 | 462.6 | 417.5 | 140.0 | 232.9 | 2894.7 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.3 | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 | 1.3 | 1.4 | 1.1 | 1.1 | 1.1 | 0.4 | |
| Receivables Turnover | 5.6 | 5.7 | 5.7 | 5.7 | 5.4 | 5.3 | · | · | · | · | · | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.2% | 16.1% | 15.1% | 7.8% | 3.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 12.7% | 13.0% | 8.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 9.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -6.8% | 34.6% | 49.4% | 0.24% | 1.6% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 23.3% | 26.3% | 15.0% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 13.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -1.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.07B | $3.80B | $3.27B | $2.84B | $2.63B | $2.54B | $2.48B | $2.38B | $1.69B | $1.60B | $1.51B | $1.41B | |
| Net Income TTM | $559M | $600M | $446M | $299M | $298M | $293M | $317M | $288M | $197M | $210M | $175M | $168M | |
| Payout Ratio | 45.5% | 39.6% | 49.7% | 69.2% | 64.7% | 93.0% | 52.9% | 54.3% | 74.0% | 64.6% | 72.6% | 70.8% | |
| Annual Payout | $254M | $238M | $222M | $207M | $193M | $273M | $168M | $156M | $146M | $136M | $127M | $119M |
Income Statement 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.09B | $1.01B | $951M | $1.07B | $1.06B | $989M | $924M | $1000M | $990M | $881M | $859M | $840M | $752M | $741M | $726M | $672M | |
| Operating Expenses | $886M | $845M | $793M | $858M | $861M | $838M | $757M | $820M | $800M | $742M | $710M | $706M | $642M | $635M | $622M | $588M | |
| Operating Income | $204M | $167M | $158M | $209M | $199M | $151M | $167M | $180M | $190M | $139M | $148M | $134M | $111M | $106M | $104M | $84M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $115.0K | $895.0K | $999.0K | |
| Other Non-op | $1M | $1M | $464.0K | $2M | $2M | $4M | $4M | $1M | $3M | $3M | $3M | $3M | $3M | $562.0K | $337.0K | $473.0K | |
| Pretax Income | $228M | $190M | $82M | $233M | $221M | $175M | $192M | $201M | $207M | $157M | $164M | $149M | $109M | $106M | $101M | $87M | |
| Income Tax | $48M | $40M | $19M | $50M | $46M | $36M | $40M | $41M | $43M | $33M | $33M | $31M | $23M | $22M | $21M | $18M | |
| Net Income | $180M | $150M | $63M | $183M | $175M | $138M | $152M | $160M | $164M | $125M | $131M | $118M | $86M | $84M | $80M | $69M | |
| EBITDA | $204M | $167M | · | $209M | $199M | $151M | · | $180M | $190M | $139M | $148M | $134M | $111M | $106M | $104M | $84M |
Balance Sheet 18
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables | $753M | $743M | $736M | $780M | $769M | $720M | $707M | $737M | $708M | $642M | $621M | $591M | $533M | $544M | $538M | $479M | |
| Prepaid Expense | $93M | $80M | $66M | $74M | $71M | $78M | $84M | $80M | $84M | $69M | $71M | $66M | $63M | $49M | $51M | $79M | |
| Current Assets | $1.21B | $1.16B | $1.20B | $1.50B | $1.27B | $1.12B | $1.15B | $1.10B | $1.02B | $942M | $874M | $873M | $784M | $724M | $743M | $751M | |
| Other Non-current Assets | $49M | $49M | $48M | $46M | $47M | $48M | $43M | $48M | $48M | $49M | $36M | $35M | $32M | $45M | $48M | $50M | |
| Total Assets | $3.56B | $3.38B | $3.36B | $3.32B | $3.13B | $2.97B | $2.89B | $2.86B | $2.69B | $2.56B | $2.39B | $2.33B | $2.22B | $2.18B | $2.18B | $2.22B | |
| Accounts Payable | $206M | $229M | $201M | $200M | $193M | $211M | $190M | $195M | $199M | $213M | $166M | $165M | $168M | $149M | $142M | $186M | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $40M | · | |
| Current Liabilities | $968M | $900M | $946M | $898M | $862M | $812M | $803M | $807M | $772M | $728M | $681M | $652M | $612M | $634M | $637M | $601M | |
| Deferred Tax | $19M | $20M | $25M | $20M | $476.0K | $4M | $6M | $13M | $5M | $7M | $11M | $16M | $16M | · | · | · | |
| Other Non-current Liabilities | $24M | $22M | $23M | $23M | $14M | $14M | $23M | $23M | $22M | $28M | $25M | $25M | $25M | $26M | $27M | $27M | |
| Total Liabilities | $1.09B | $1.02B | $1.07B | $1.02B | $944M | $901M | $901M | $916M | $863M | $830M | $783M | $781M | $737M | $821M | $841M | $890M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $93M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | $40M | $93M | |
| Retained Earnings | $3.66B | $3.55B | $3.46B | $3.47B | $3.35B | $3.24B | $3.16B | $3.07B | $2.97B | $2.87B | $2.75B | $2.68B | $2.61B | $2.57B | $2.54B | $2.51B | |
| Treasury Stock | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | $1.17B | |
| AOCI | $-63M | $-64M | $-52M | $-31M | $-36M | $-42M | $-48M | $2M | $-17M | $-15M | $-13M | $-4M | $338.0K | $-89M | $-74M | $-50M | |
| Stockholders' Equity | $2.47B | $2.35B | $2.28B | $2.31B | $2.18B | $2.07B | $1.99B | $1.95B | $1.83B | $1.73B | $1.61B | $1.54B | $1.49B | $1.36B | $1.34B | $1.33B | |
| Liabilities + Equity | $3.56B | $3.38B | $3.36B | $3.32B | $3.13B | $2.97B | $2.89B | $2.86B | $2.69B | $2.56B | $2.39B | $2.33B | $2.22B | $2.18B | $2.18B | $2.22B |
Cash Flow 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $215M | $92M | $172M | $219M | $178M | $118M | $193M | $199M | $131M | $87M | $53M | $132M | $48M | $132M | $83M | $24M | |
| CapEx | $42M | $37M | $31M | $35M | $20M | $30M | $47M | $28M | $28M | $22M | $27M | $26M | $19M | $23M | $13M | $15M | |
| Investing Cash Flow | $-146M | $-89M | $-338M | $36M | $-39M | $-98M | $-57M | $-91M | $-53M | $-27M | $-37M | $-56M | $-12M | $-33M | $-28M | $-14M | |
| Dividends Paid | $68M | $68M | $64M | $64M | $64M | $64M | $59M | $59M | $59M | $59M | $55M | $55M | $55M | $52M | $52M | $52M | |
| Financing Cash Flow | $-55M | $-80M | $-56M | $-44M | $-41M | $-58M | $-60M | $-58M | $-53M | $-59M | $-55M | $-55M | $-55M | $-92M | $-105M | $-52M | |
| Net Change in Cash | $14M | $-77M | $-223M | $211M | $98M | $-38M | $77M | $51M | $26M | $817.0K | $-40M | $21M | $-20M | $7M | $-51M | $-42M | |
| Taxes Paid | $100M | $7.0K | $-1.0K | $31M | $73M | $-20.0K | $36M | $44M | $83M | $-3M | $32M | $36M | $370.0K | $21M | $39M | $-17.0K | |
| Free Cash Flow | · | $54M | · | · | · | $88M | · | · | · | $65M | · | · | $29M | · | · | $8M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | · | $29M | · | · | $7M |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 18.7% | 16.5% | · | 19.6% | 18.8% | 15.3% | · | 18.0% | 19.2% | 15.8% | 17.3% | 16.0% | 14.7% | 14.4% | 14.3% | 12.5% | |
| Net Margin | 16.5% | 14.9% | · | 17.1% | 16.5% | 14.0% | · | 16.0% | 16.6% | 14.1% | 15.3% | 14.0% | 11.5% | 11.4% | 11.0% | 10.2% | |
| Pretax Margin | 20.9% | 18.8% | · | 21.8% | 20.8% | 17.7% | · | 20.1% | 20.9% | 17.9% | 19.1% | 17.8% | 14.5% | 14.3% | 14.0% | 12.9% | |
| EBITDA Margin | 18.7% | 16.5% | · | 19.6% | 18.8% | 15.3% | · | 18.0% | 19.2% | 15.8% | 17.3% | 16.0% | 14.7% | 14.4% | 14.3% | 12.5% | |
| ROA | 5.4% | 4.7% | · | 5.9% | 6.0% | 5.0% | · | 6.1% | 6.5% | 5.2% | 5.7% | 5.2% | 3.9% | 3.8% | 3.7% | 3.2% | |
| ROE | 7.8% | 6.8% | · | 8.6% | 8.7% | 7.3% | · | 9.0% | 9.7% | 7.8% | 8.8% | 8.2% | 6.1% | 6.4% | 6.2% | 5.4% | |
| ROIC | 6.5% | 5.6% | · | 7.1% | 7.2% | 5.8% | · | 7.4% | 8.2% | 6.4% | 7.4% | 6.9% | 5.9% | 6.2% | 6.0% | 4.7% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.3 | · | 1.7 | 1.5 | 1.4 | · | 1.4 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.1 | 1.2 | 1.2 | |
| Quick Ratio | 0.8 | 0.8 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.1 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | · | · | 925.8 | 116.2 | 84.4 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | |
| Receivables Turnover | 1.4 | 1.4 | · | 1.4 | 1.4 | 1.5 | · | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.4 | 1.4 | 1.4 |
Valuation (TTM) 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $4.23B | $4.13B | · | $4.12B | $4.04B | $3.86B | · | $3.73B | $3.57B | $3.33B | $3.19B | $3.06B | $2.89B | $2.83B | $2.77B | $2.67B | |
| Net Income TTM | $688M | $646M | · | $656M | $637M | $587M | · | $579M | $537M | $460M | $419M | $369M | $319M | $323M | $318M | $311M | |
| Payout Ratio | · | 45.3% | · | · | · | 45.9% | · | · | · | 47.7% | · | · | 64.3% | · | · | 75.3% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $4.07B | $3.80B | $3.27B | $2.84B | $2.63B |
| Operating Margin % | 17.6% | 17.8% | 15.9% | 13.2% | 12.1% |
| Net Income | $559M | $600M | $446M | $299M | $298M |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.0 | 0.1 |
| Current Ratio | 1.3 | 1.4 | 1.3 | 1.2 | 1.2 |
| Quick Ratio | 0.8 | 0.9 | 0.9 | 0.8 | 0.8 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $571M | $486M | $289M | $299M | $254M |
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Institutional owners (13F) 474 filers · $3.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 89 (+35 vs prior Q) | 38 (-24 vs prior Q) | 166 (+2 vs prior Q) | 117 (-4 vs prior Q) | +2.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| PNC Financial Services Group, Inc. | $1,156,385,935 | 4,823,299 | 32.69% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $392,213,259 | 1,635,926 | 11.09% | Shares |
| STATE STREET CORP | $344,645,900 | 1,437,522 | 9.74% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $266,364,168 | 1,111,008 | 7.53% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $197,619,163 | 826,983 | 5.59% | Shares |
| ProShare Advisors LLC | $153,784,523 | 641,437 | 4.35% | Shares |
| BANK OF AMERICA CORP /DE/ | $79,705,607 | 332,453 | 2.25% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $54,209,873 | 226,110 | 1.53% | Shares |
| NORGES BANK | $41,085,718 | 171,369 | 1.16% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $37,367,915 | 155,862 | 1.06% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $33,561,883 | 139,987 | 0.95% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $29,338,687 | 122,372 | 0.83% | Shares |
| Erste Asset Management GmbH | $24,938,550 | 105,000 | 0.70% | Shares |
| GOLDMAN SACHS GROUP INC | $24,613,215 | 102,662 | 0.70% | Shares |
| BARCLAYS PLC | $23,462,176 | 97,861 | 0.66% | Shares |
| Summit Trail Advisors, LLC | $22,249,759 | 92,804 | 0.63% | Shares |
| CWA Asset Management Group, LLC | $21,843,678 | 91,110 | 0.62% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $19,414,955 | 80,980 | 0.55% | Shares |
| Columbia Asset Management | $17,403,914 | 72,592 | 0.49% | Shares |
| Swiss National Bank | $17,151,715 | 71,540 | 0.48% | Shares |
| MILLENNIUM MANAGEMENT LLC | $16,995,158 | 70,887 | 0.48% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $16,899,258 | 70,487 | 0.48% | Shares |
| Allegheny Financial Group | $15,739,011 | 65,647 | 0.44% | Shares |
| VANGUARD GROUP INC | $15,124,227 | 52,762 | 0.43% | Shares |
| TRUIST FINANCIAL CORP | $14,551,866 | 60,696 | 0.41% | Shares |
| Voleon Capital Management LP | $13,967,835 | 58,260 | 0.39% | Shares |
| Caisse de depot et placement du Quebec | $13,121,997 | 54,732 | 0.37% | Shares |
| Vanguard Global Advisers, LLC | $12,508,956 | 52,175 | 0.35% | Shares |
| MORGAN STANLEY | $12,144,297 | 50,654 | 0.34% | Shares |
| PDT Partners, LLC | $11,722,576 | 48,895 | 0.33% | Shares |
| RHUMBLINE ADVISERS | $10,908,340 | 45,499 | 0.31% | Shares |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $10,788,750 | 45,000 | 0.30% | Shares |
| Balyasny Asset Management L.P. | $10,370,147 | 43,254 | 0.29% | Shares |
| JANE STREET GROUP, LLC | $9,805,775 | 40,900 | 0.28% | Call option |
| AMERICAN CENTURY COMPANIES INC | $9,742,481 | 40,636 | 0.28% | Shares |
| Swiss Life Asset Management Ltd | $9,525,747 | 39,732 | 0.27% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $7,669,842 | 31,991 | 0.22% | Shares |
| Fideuram Asset Management (Ireland) dac | $7,248,426 | 30,045 | 0.20% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $7,186,963 | 28,598 | 0.20% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $7,054,644 | 29,425 | 0.20% | Shares |
| MAI Capital Management | $7,028,032 | 29,314 | 0.20% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $6,869,557 | 28,653 | 0.19% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $6,780,369 | 28,281 | 0.19% | Shares |
| Gotham Asset Management, LLC | $6,634,122 | 27,671 | 0.19% | Shares |
| Quantinno Capital Management LP | $6,617,724 | 27,602 | 0.19% | Shares |
| Holocene Advisors, LP | $6,518,563 | 27,189 | 0.18% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,353,375 | 26,500 | 0.18% | Call option |
| ALLIANCEBERNSTEIN L.P. | $6,168,655 | 24,546 | 0.17% | Shares |
| Focus Partners Wealth | $6,148,544 | 25,645 | 0.17% | Shares |
| Rodgers Brothers Inc. | $5,697,899 | 23,766 | 0.16% | Shares |
| Cresset Asset Management, LLC | $5,368,270 | 22,391 | 0.15% | Shares |
| YOUSIF CAPITAL MANAGEMENT, LLC | $5,339,712 | 22,272 | 0.15% | Shares |
| Legal & General Group Plc | $5,284,572 | 22,042 | 0.15% | Shares |
| Cubist Systematic Strategies, LLC | $5,183,524 | 16,293 | 0.15% | Shares |
| Rehmann Capital Advisory Group | $4,998,667 | 19,890 | 0.14% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $4,647,554 | 19,385 | 0.13% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $4,622,759 | 19,282 | 0.13% | Shares |
| Schonfeld Strategic Advisors LLC | $4,595,766 | 19,169 | 0.13% | Shares |
| SOL Capital Management CO | $4,467,778 | 12,724 | 0.13% | Shares |
| COOK WEALTH MANAGEMENT GROUP LLC | $4,467,778 | 12,724 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $4,444,725 | 18,539 | 0.13% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $4,275,702 | 17,834 | 0.12% | Shares |
| Resona Asset Management Co.,Ltd. | $4,222,447 | 17,700 | 0.12% | Shares |
| HBK Sorce Advisory LLC | $4,048,448 | 16,143 | 0.11% | Shares |
| BlackRock, Inc. | $3,949,402 | 16,473 | 0.11% | Shares |
| APG Asset Management N.V. | $3,902,307 | 18,609 | 0.11% | Shares |
| Cerity Partners LLC | $3,880,357 | 16,185 | 0.11% | Shares |
| CITADEL ADVISORS LLC | $3,836,000 | 16,000 | 0.11% | Call option |
| VICTORY CAPITAL MANAGEMENT INC | $3,497,233 | 14,587 | 0.10% | Shares |
| Quantbot Technologies LP | $3,465,826 | 14,456 | 0.10% | Shares |
| WEDGEWOOD INVESTORS INC /PA/ | $3,463,908 | 14,448 | 0.10% | Shares |
| FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND | $3,427,468 | 14,296 | 0.10% | Shares |
| Mediolanum International Funds Ltd | $3,333,928 | 14,037 | 0.09% | Shares |
| AVIVA PLC | $3,186,278 | 13,290 | 0.09% | Shares |
| UBS Group AG | $3,033,797 | 12,654 | 0.09% | Shares |
| Vanguard Investments Australia, Ltd. | $2,787,334 | 11,626 | 0.08% | Shares |
| Asset Management One Co., Ltd. | $2,776,473 | 11,048 | 0.08% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,647,799 | 11,044 | 0.07% | Shares |
| CITADEL ADVISORS LLC | $2,626,701 | 10,956 | 0.07% | Shares |
| BANK OF MONTREAL /CAN/ | $2,562,208 | 10,687 | 0.07% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $2,514,799 | 10,396 | 0.07% | Shares |
| MARSHALL WACE, LLP | $2,444,492 | 10,196 | 0.07% | Shares |
| Pictet Asset Management Holding SA | $2,429,147 | 10,132 | 0.07% | Shares |
| KLP KAPITALFORVALTNING AS | $2,373,525 | 9,900 | 0.07% | Shares |
| Man Group plc | $2,367,292 | 9,874 | 0.07% | Shares |
| Creative Planning | $2,363,463 | 9,858 | 0.07% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $2,275,467 | 9,491 | 0.06% | Shares |
| Snowden Capital Advisors LLC | $2,197,069 | 9,164 | 0.06% | Shares |
| State of New Jersey Common Pension Fund D | $2,091,579 | 8,724 | 0.06% | Shares |
| CITIGROUP INC | $2,064,967 | 8,613 | 0.06% | Shares |
| SummitTX Capital, L.P. | $1,973,622 | 8,232 | 0.06% | Shares |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. | $1,909,129 | 7,963 | 0.05% | Shares |
| Lansforsakringar Fondforvaltning AB (publ) | $1,806,756 | 7,536 | 0.05% | Shares |
| Rafferty Asset Management, LLC | $1,773,910 | 7,399 | 0.05% | Shares |
| CIBC Asset Management Inc | $1,771,992 | 7,391 | 0.05% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,762,402 | 7,351 | 0.05% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $1,746,339 | 7,284 | 0.05% | Shares |
| Public Sector Pension Investment Board | $1,741,064 | 7,262 | 0.05% | Shares |
| Czech National Bank | $1,733,632 | 7,231 | 0.05% | Shares |
| Headlands Technologies LLC | $1,731,954 | 7,224 | 0.05% | Shares |
Company insiders 83 insiders · 49 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Timothy G Necastro | President & CEO | July 21, 2026 J | 15,061 | 0 | 0 | $0 |
| John J Brinling JR | Interim President & CEO | May 23, 2008 A | 28,883 | 0 | 0 | $0 |
| Julie Marie Pelkowski | EVP & CFO | July 31, 2026 J | 675 | 0 | 0 | $0 |
| Gregory J Gutting | EVP & CFO | April 30, 2023 J | 297 | 0 | 0 | $0 |
| Marcia A Dall | EVP & CFO | June 20, 2014 A | 6,648 | 0 | 0 | $0 |
| Philip A Garcia | Executive VP & CFO | Jan. 23, 2009 A | 11,525 | 0 | 0 | $0 |
| Terrence W Cavanaugh | President | Dec. 6, 2016 G | 59,439 | 0 | 0 | $0 |
| Cody Cook | Executive Vice President | July 31, 2026 J | 1,159 | 0 | 0 | $0 |
| Sarah Shine | Executive Vice President | July 31, 2026 J | 569 | 0 | 0 | $0 |
| Anthony Dabreo | Senior Vice President, Life | July 31, 2026 J | 921 | 0 | 0 | $0 |
| Douglas Edward Smith | EVP | July 31, 2026 J | 5,172 | 0 | 0 | $0 |
| Sean Dugan | Executive Vice President | July 21, 2026 J | — | 0 | 0 | $0 |
| Parthasarathy Srinivasa | EVP, Chief Information Officer | July 21, 2026 J | — | 0 | 0 | $0 |
| Jorie L Novacek | SVP, Controller | July 21, 2026 J | — | 0 | 0 | $0 |
| Brian W. Bolash | EVP,Secretary,General Counsel | July 21, 2026 J | — | 0 | 0 | $0 |
| Marc Cipriani | Senior Vice President | July 21, 2026 J | 15,997 | 0 | 0 | $0 |
| Lorianne Feltz-Upperman | Executive Vice President | June 30, 2024 J | 4,561 | 0 | 0 | $0 |
| Louis F Colaizzo | SVP | April 30, 2024 J | 3,568 | 0 | 0 | $0 |
| Robert Ingram | Executive VP & CIO | Oct. 20, 2021 J | 14,504 | 0 | 0 | $0 |
| Oakley Dionne Wallace | EVP | July 31, 2021 J | 1,994 | 0 | 0 | $0 |
| Michael A Plazony | Senior Vice President | Jan. 3, 2017 J | 2,375 | 0 | 0 | $0 |
| George D Dufala | Executive Vice President | June 30, 2016 S | 0 | 0 | 0 | $0 |
| Richard F Burt JR | Senior Vice President | June 20, 2014 A | 3,036 | 0 | 0 | $0 |
| Scott W. Beilharz | Vice President | April 1, 2014 J | 102 | 0 | 0 | $0 |
| Robert W Mcnutt | Vice President & Treasurer | April 1, 2014 J | 190 | 0 | 0 | $0 |
| Sherri A Silver | Senior Vice President | April 1, 2014 J | 460 | 0 | 0 | $0 |
| Matthew W Myers | Senior Vice President | April 1, 2014 J | 2,790 | 0 | 0 | $0 |
| Christopher J Zimmer | Senior Vice President | April 1, 2014 J | 6,491 | 0 | 0 | $0 |
| Jeffrey W Brinling | Senior Vice President | April 1, 2014 J | 8,484 | 0 | 0 | $0 |
| Jayashree Ishwar | Senior Vice President | Feb. 3, 2014 J | 6 | 0 | 0 | $0 |
| Randall T Peterman | Senior Vice President | Feb. 3, 2014 J | 716 | 0 | 0 | $0 |
| Christina M Marsh | Senior Vice President | Feb. 3, 2014 J | 770 | 0 | 0 | $0 |
| Gary D Veshecco | Senior Vice President | Sept. 18, 2013 S | 130 | 0 | 0 | $0 |
| Bradley C Eastwood | Senior VP & Chief Actuary | Aug. 9, 2013 P | 250 | 0 | 0 | $0 |
| TANOUS JAMES J | Exec VP,Secy & General Counsel | May 1, 2013 J | 11,528 | 0 | 0 | $0 |
| Ann H Zaprazny | Senior Vice President | Dec. 28, 2012 P | 200 | 0 | 0 | $0 |
| Michael S Zavasky | Executive Vice President | Sept. 17, 2012 S | 501 | 0 | 0 | $0 |
| John R Patun | Vice President | July 2, 2012 J | 122 | 0 | 0 | $0 |
| Bradley G Postema | Senior Vice President & CIO | March 27, 2012 P | 100 | 0 | 0 | $0 |
| Timothy G Maher | Senior Vice President | July 21, 2011 A | 1,302 | 0 | 0 | $0 |
| Douglas F Ziegler | Senior VP, Treasurer & CIO | July 21, 2011 A | 30,347 | 0 | 0 | $0 |
| Terry L Hamman | Regional Vice President | June 16, 2009 A | 3,204 | 0 | 0 | $0 |
| Patricia A Rech | Senior Vice President | Nov. 3, 2008 J | 6,291 | 0 | 0 | $0 |
| Kevin A Marti | Executive Vice President-EFL | Oct. 1, 2008 J | 448 | 0 | 0 | $0 |
| Michael J Krahe | Executive Vice President | July 1, 2008 J | 2,880 | 0 | 0 | $0 |
| Thomas B Morgan | Executive Vice President | Feb. 1, 2008 J | 10,077 | 0 | 0 | $0 |
| William F Hirt | Chairman of the Board | April 23, 2007 J | 1,868,084 | 0 | 0 | $0 |
| Jan R Van Gorder | Sr Exec VP, Secy & Gen Counsel | Dec. 8, 2006 G | 13,914 | 0 | 0 | $0 |
| James R Roehm | Former Senior Vice President | June 20, 2006 G | 4,033 | 0 | 0 | $0 |
| William David Edwards | Director | July 31, 2026 J | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Thomas B. Hagen, Hagen Family Limited Partnership | Nov. 21, 2008 | — | Initial filing | — | SEC |
| Elizabeth A. Vorsheck | July 30, 2007 | — | Initial filing | — | SEC |
| July 24, 2007 | — | Initial filing | — | SEC | |
| April 6, 2007 | — | Initial filing | — | SEC | |
| Susan Hirt Hagen ×4 filings | Feb. 14, 2006 | — | Initial filing | — | SEC |
| Jan. 27, 2006 | — | Initial filing | — | SEC | |
| Sentinel Trust Company, LBA | Jan. 24, 2006 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 108 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RSPF · Invesco Exchange-Traded Fund Trust | 1.29% | 15,779 SH | Aug. 8, 2026 | Daily |
| KNG · First Trust Exchange-Traded Fund IV | 1.26% | 193,141 NS | April 30, 2026 | N-PORT |
| NOBL · ProShares Trust | 1.23% | 639,031 NS | May 31, 2026 | N-PORT |
| SPGP · Invesco Exchange-Traded Fund Trust | 1.09% | 100,836 SH | Aug. 8, 2026 | Daily |
| IAK · iShares Trust | 0.70% | 15,317 SH | Aug. 8, 2026 | Daily |
| SOVF · Elevation Series Trust | 0.46% | 1,988 NS | April 30, 2026 | N-PORT |
| FQAL · FIDELITY COVINGTON TRUST | 0.42% | 26,339 NS | April 30, 2026 | N-PORT |
| VUSE · ETF Series Solutions | 0.37% | 12,074 NS | May 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.22% | 3,714 SH | Aug. 8, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.20% | 799,450 SH | Aug. 8, 2026 | Daily |
| EUSA · iShares, Inc. | 0.20% | 15,249 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.18% | 21,066 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.17% | 337,278 SH | Aug. 8, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.15% | 4,151 NS | April 30, 2026 | N-PORT |
| SCHD · SCHWAB STRATEGIC TRUST | 0.14% | 607,566 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.11% | 4,368 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 10,211 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.10% | 1,118 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.09% | 2,527 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.09% | 36,476 NS | May 31, 2026 | N-PORT |
| ACWV · iShares, Inc. | 0.09% | 11,420 SH | Aug. 8, 2026 | Daily |
| USMV · iShares Trust | 0.09% | 81,357 SH | Aug. 8, 2026 | Daily |
| CSM · ProShares Trust | 0.08% | 2,012 NS | May 31, 2026 | N-PORT |
| HDV · iShares Trust | 0.07% | 43,608 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.07% | 582,906 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.07% | 41,398 SH | Aug. 8, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.07% | 6,691 NS | April 30, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.06% | 30 NS | May 31, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.06% | 1,771 NS | May 31, 2026 | N-PORT |
| SPHQ · Invesco Exchange-Traded Fund Trust | 0.06% | 46,547 SH | Aug. 8, 2026 | Daily |
| FAS · Direxion Shares ETF Trust | 0.05% | 4,858 NS | April 30, 2026 | N-PORT |
| PABU · iShares Trust | 0.05% | 5,046 SH | Aug. 8, 2026 | Daily |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.05% | 952 NS | May 31, 2026 | N-PORT |
| UYG · ProShares Trust | 0.05% | 1,566 NS | May 31, 2026 | N-PORT |
| SPXD · DBX ETF Trust | 0.05% | 15 NS | May 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.04% | 1,314 SH | Aug. 8, 2026 | Daily |
| PALC · Pacer Funds Trust | 0.04% | 421 NS | April 30, 2026 | N-PORT |
| IXG · iShares Trust | 0.04% | 1,070 SH | Aug. 8, 2026 | Daily |
| DGRO · iShares Trust | 0.04% | 61,566 SH | Aug. 8, 2026 | Daily |
| XOEF · iShares Trust | 0.04% | 32 SH | Aug. 8, 2026 | Daily |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.03% | 19,973 NS | May 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.03% | 143,529 SH | Aug. 8, 2026 | Daily |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.03% | 360 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.03% | 531 NS | April 30, 2026 | N-PORT |
| QUAL · iShares Trust | 0.02% | 46,246 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 856 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.02% | 11,529 NS | May 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.02% | 8,572 SH | Aug. 8, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.02% | 43,765 NS | April 30, 2026 | N-PORT |
| IVE · iShares Trust | 0.02% | 41,663 SH | Aug. 8, 2026 | Daily |