DOWLING & PARTN Estimates Mercury General FY2026 Earnings

Key Points

• DOWLING & PARTN raised its FY2026 EPS estimate for Mercury General to $13.00 from $12.00, while forecasting $11.25 for FY2027 and $10.75 for FY2028. The FY2026 estimate remains slightly below the $13.25 analyst consensus.
• Mercury General’s latest quarterly results exceeded expectations, with EPS of $3.52 versus the $2.53 consensus and revenue of $1.68 billion versus estimates of $1.52 billion.
• Analyst sentiment is strongly positive, with MarketBeat reporting a consensus “Strong Buy” rating. The company also pays a quarterly dividend of $0.3175 per share, equivalent to a 1.2% annualized yield.

Mercury General Corporation (NYSE:MCY - Free Report) - Equities researchers at DOWLING & PARTN lifted their FY2026 earnings estimates for Mercury General in a note issued to investors on Wednesday, October 7th. DOWLING & PARTN analyst D. Lukpanov now anticipates that the insurance provider will earn $13.00 per share for the year, up from their previous estimate of $12.00. The consensus estimate for Mercury General's current full-year earnings is $13.25 per share. DOWLING & PARTN also issued estimates for Mercury General's FY2027 earnings at $11.25 EPS and FY2028 earnings at $10.75 EPS.

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

Several other analysts also recently issued reports on the stock. Wall Street Zen raised shares of Mercury General from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 4th. Weiss Ratings restated a "buy (b)" rating on shares of Mercury General in a research report on Tuesday, September 1st. Finally, Zacks Research raised Mercury General from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Mercury General has a consensus rating of "Strong Buy".

Mercury General Stock Performance

Shares of NYSE:MCY opened at $102.75 on Monday. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 6.07 and a beta of 0.89. Mercury General has a 12 month low of $74.29 and a 12 month high of $113.06. The firm's 50-day moving average is $103.17 and its 200 day moving average is $101.22. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.33.

Hedge Funds Weigh In On Mercury General

Several institutional investors have recently bought and sold shares of MCY. Allworth Financial LP acquired a new stake in Mercury General during the 2nd quarter worth about $35,000. PenderFund Capital Management Ltd. acquired a new position in shares of Mercury General in the second quarter valued at about $44,000. Caitlin John LLC acquired a new position in shares of Mercury General in the second quarter valued at about $53,000. Hilton Head Capital Partners LLC raised its stake in shares of Mercury General by 32.6% in the first quarter. Hilton Head Capital Partners LLC now owns 541 shares of the insurance provider's stock worth $48,000 after purchasing an additional 133 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Mercury General in the second quarter worth about $78,000. 42.39% of the stock is owned by hedge funds and other institutional investors.

Mercury General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a dividend of $0.3175 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.27 dividend on an annualized basis and a yield of 1.2%. Mercury General's payout ratio is 7.51%.

About Mercury General

Mercury General Corporation is an insurance holding company that underwrites and provides personal and commercial property and casualty insurance. Through its Mercury Insurance operations, the company primarily serves individuals, families and businesses seeking coverage for automobiles, homes and other property.

Its product offerings include private passenger automobile insurance, homeowners insurance, commercial automobile insurance, dwelling fire coverage and umbrella insurance. Mercury also provides related insurance products and services, including roadside assistance and mechanical protection in certain markets.

Founded in 1961, Mercury General is headquartered in Los Angeles, California.

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