Mercury General (MCY) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" MCY shares.
View MCY analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 1 year target prices for Mercury General's stock. Their MCY share price forecasts range from $40.00 to $40.00. On average, they anticipate the company's stock price to reach $40.00 in the next year. This suggests a possible upside of 34.4% from the stock's current price.
View analysts price targets for MCY or view top-rated stocks among Wall Street analysts.

Mercury General's stock was trading at $34.20 at the beginning of the year. Since then, MCY shares have decreased by 13.0% and is now trading at $29.77.
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Mercury General saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 796,100 shares, a decrease of 19.2% from the April 15th total of 985,600 shares. Based on an average daily volume of 304,000 shares, the short-interest ratio is presently 2.6 days. Approximately 3.8% of the company's stock are sold short.
View Mercury General's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our MCY earnings forecast.

Mercury General Co. (NYSE:MCY) posted its quarterly earnings data on Tuesday, May, 2nd. The insurance provider reported ($1.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.15) by $0.37. The insurance provider earned $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Mercury General had a negative trailing twelve-month return on equity of 10.88% and a negative net margin of 9.15%.

Mercury General announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.3175 per share on Thursday, June 29th. This represents a $1.27 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for MCY.

ETFs with the largest weight of Mercury General (NYSE:MCY) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco Raymond James SB-1 Equity ETF (RYJ), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap 600 Revenue ETF (RWJ), WisdomTree U.S. SmallCap Fund (EES), Syntax Stratified SmallCap ETF (SSLY) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 4.14%. MCY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MCY.

173 employees have rated Mercury General Chief Executive Officer Gabriel Tirador on Glassdoor.com. Gabriel Tirador has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercury General investors own include Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), AT&T (T), Pfizer (PFE), Altria Group (MO), Chevron (CVX), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA) and Enterprise Products Partners (EPD).

Mercury General trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCY."

Mercury General's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.86%), Dimensional Fund Advisors LP (2.75%), Renaissance Technologies LLC (2.30%), State Street Corp (1.80%), Absher Wealth Management LLC (1.22%) and Semper Augustus Investments Group LLC (1.19%). Insiders that own company stock include Abby Hosseini, George Joseph and Joshua Eric Little.
View institutional ownership trends.

Shares of MCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MCY stock can currently be purchased for approximately $29.77.

Mercury General (NYSE:MCY) has a market capitalization of $1.65 billion and generates $3.64 billion in revenue each year. The insurance provider earns $-512,670,000.00 in net income (profit) each year or ($6.52) on an earnings per share basis.

The company employs 4,300 workers across the globe.

Mercury General's mailing address is 4484 WILSHIRE BOULEVARD, LOS ANGELES CA, 90010. The official website for the company is www.mercuryinsurance.com. The insurance provider can be reached via phone at (323) 937-1060 or via fax at 323-857-7116.