Mercury General (MCY) to Release Earnings on Tuesday

Mercury General (NYSE:MCY - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Tuesday, July 29th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $1.45 billion for the quarter.

Mercury General (NYSE:MCY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported ($2.29) earnings per share for the quarter, beating analysts' consensus estimates of ($4.00) by $1.71. Mercury General had a net margin of 5.11% and a return on equity of 12.52%. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.36 billion. On average, analysts expect Mercury General to post $-1 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Mercury General Stock Performance

NYSE MCY traded up $0.74 during trading on Friday, reaching $70.06. The company's stock had a trading volume of 38,399 shares, compared to its average volume of 541,166. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 13.57 and a beta of 0.96. Mercury General has a twelve month low of $44.19 and a twelve month high of $80.72. The business's fifty day moving average price is $64.86 and its 200-day moving average price is $57.78.

Mercury General Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a $0.3175 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.27 dividend on an annualized basis and a yield of 1.81%. Mercury General's dividend payout ratio is presently 24.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC increased its stake in shares of Mercury General by 8.5% during the first quarter. Millennium Management LLC now owns 111,327 shares of the insurance provider's stock worth $6,223,000 after acquiring an additional 8,742 shares during the period. Royal Bank of Canada increased its stake in shares of Mercury General by 58.8% during the first quarter. Royal Bank of Canada now owns 54,312 shares of the insurance provider's stock worth $3,036,000 after acquiring an additional 20,115 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mercury General by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,935 shares of the insurance provider's stock worth $891,000 after acquiring an additional 702 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Mercury General by 1.7% during the first quarter. Empowered Funds LLC now owns 10,923 shares of the insurance provider's stock worth $611,000 after acquiring an additional 185 shares during the period. 42.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mercury General from a "hold" rating to a "buy" rating in a research note on Monday, May 12th.

Mercury General Company Profile

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.