DOWLING & PARTN Forecasts Mercury General FY2027 Earnings

Key Points

• DOWLING & PARTN raised Mercury General’s FY2027 EPS forecast to $10.25 from $9.50, while forecasting FY2028 EPS of $9.75. The updated FY2027 estimate remains below the broader consensus of $11.88.
• Mercury General recently reported quarterly EPS of $3.52, beating expectations of $2.53, while revenue of $1.68 billion exceeded the $1.52 billion consensus estimate.
• The stock was trading at $104.99, down 1.8%, while analysts maintained an overall “Buy” rating with a consensus price target of $100. The company also declared a quarterly dividend of $0.3175, equivalent to a 1.2% annual yield.

Mercury General Corporation (NYSE:MCY - Free Report) - Analysts at DOWLING & PARTN lifted their FY2027 earnings per share (EPS) estimates for Mercury General in a note issued to investors on Friday, August 7th. DOWLING & PARTN analyst D. Lukpanov now expects that the insurance provider will earn $10.25 per share for the year, up from their prior forecast of $9.50. The consensus estimate for Mercury General's current full-year earnings is $11.88 per share. DOWLING & PARTN also issued estimates for Mercury General's FY2028 earnings at $9.75 EPS.

MCY has been the topic of a number of other reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mercury General in a report on Thursday, June 4th. Zacks Research downgraded shares of Mercury General from a "strong-buy" rating to a "hold" rating in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Mercury General from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Mercury General has an average rating of "Buy" and a consensus price target of $100.00.

Mercury General Trading Down 1.8%

Shares of Mercury General stock opened at $104.99 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 6.21 and a beta of 0.90. The business has a fifty day simple moving average of $105.72 and a 200-day simple moving average of $97.29. Mercury General has a fifty-two week low of $71.87 and a fifty-two week high of $113.06.

Mercury General (NYSE:MCY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The insurance provider reported $3.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.99. Mercury General had a return on equity of 31.98% and a net margin of 14.77%.The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.52 billion.

Mercury General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.3175 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.27 dividend on an annualized basis and a yield of 1.2%. Mercury General's dividend payout ratio (DPR) is currently 7.51%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legato Capital Management LLC purchased a new stake in shares of Mercury General in the 4th quarter valued at approximately $538,000. Principal Financial Group Inc. grew its position in Mercury General by 40.5% during the 1st quarter. Principal Financial Group Inc. now owns 178,064 shares of the insurance provider's stock worth $15,696,000 after purchasing an additional 51,336 shares in the last quarter. First Trust Advisors LP grew its position in Mercury General by 32.2% during the 1st quarter. First Trust Advisors LP now owns 62,181 shares of the insurance provider's stock worth $5,481,000 after purchasing an additional 15,139 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mercury General by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,149,647 shares of the insurance provider's stock valued at $189,492,000 after purchasing an additional 46,559 shares during the period. Finally, Rubric Capital Management LP raised its stake in Mercury General by 4.9% during the 1st quarter. Rubric Capital Management LP now owns 2,154,504 shares of the insurance provider's stock valued at $189,920,000 after purchasing an additional 100,000 shares during the period. 42.39% of the stock is currently owned by institutional investors and hedge funds.

About Mercury General

Mercury General Corporation is a holding company headquartered in Los Angeles, California, that underwrites and markets property and casualty insurance products through its principal subsidiary, Mercury Insurance Company. Established in 1961, the company has built a reputation for offering a broad range of personal and commercial lines, with a focus on automobile coverage. Mercury General operates in key U.S. markets, deploying a mix of independent agents and direct distribution channels to serve policyholders.

The company's product portfolio includes personal automobile insurance, homeowners and renters policies, as well as commercial automobile, business liability and umbrella insurance.

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