Mercury General Corporation Company Profile (NYSE:MCY)

About Mercury General Corporation

Mercury General Corporation logoMercury General Corporation is an insurance holding company. The Company is engaged in writing personal automobile insurance through approximately 10 insurance subsidiaries in over 10 states. The Company operates through Property and Casualty business segment. The Company also writes homeowners, commercial automobile, commercial property, mechanical breakdown and umbrella insurance. The Company offers a range of automobile coverage, such as collision, property damage, bodily injury (BI), comprehensive, personal injury protection (PIP), underinsured and uninsured motorist, and other hazards. The Company offers a range of homeowner's coverage, such as dwelling, liability, personal property, fire and other hazards. It has operations in Arizona, California, Florida, Georgia, Illinois, Michigan, Nevada, New Jersey, New York, Oklahoma, Pennsylvania, Texas and Virginia. The Company offers standard, non-standard, and preferred private passenger automobile insurance in approximately 10 states.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Exchange: NYSE
  • Symbol: MCY
  • CUSIP: 58940010
Key Metrics:
  • Previous Close: $58.48
  • 50 Day Moving Average: $59.93
  • 200 Day Moving Average: $56.85
  • 52-Week Range: $49.69 - $64.52
  • Trailing P/E Ratio: 44.30
  • Foreward P/E Ratio: 20.89
  • P/E Growth: 2.32
  • Market Cap: $3.23B
  • Outstanding Shares: 55,289,000
  • Beta: 0.49
Profitability:
  • Net Margins: 2.26%
  • Return on Equity: 5.30%
  • Return on Assets: 2.01%
Debt:
  • Debt-to-Equity Ratio: 0.18%
  • Current Ratio: 0.45%
  • Quick Ratio: 0.45%
Additional Links:
Companies Related to Mercury General Corporation:

Analyst Ratings

Consensus Ratings for Mercury General Corporation (NYSE:MCY) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $51.00 (12.79% downside)

Analysts' Ratings History for Mercury General Corporation (NYSE:MCY)
Show:
DateFirmActionRatingPrice TargetDetails
8/2/2016Compass PointLower Price TargetNeutral$55.00 -> $51.00View Rating Details
2/19/2016Raymond James Financial, Inc.UpgradeUnderperform -> Market PerformView Rating Details
11/2/2015Keefe, Bruyette & WoodsDowngradeMarket Perform -> Underperform$50.00View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Mercury General Corporation (NYSE:MCY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/6/2017Q416$0.56$0.58$827.04 million$768.08 millionViewListenView Earnings Details
10/31/2016Q316$0.57$0.67$785.88 million$808.20 millionViewListenView Earnings Details
8/1/2016Q216$0.59$0.35$811.11 million$858.00 millionViewN/AView Earnings Details
5/2/2016Q116$0.67$0.13$794.64 million$797.70 millionViewN/AView Earnings Details
2/8/2016Q415$0.49$0.52$782.54 million$746.40 millionViewN/AView Earnings Details
11/2/2015Q315$0.58$0.59$760.91 million$779.00 millionViewN/AView Earnings Details
8/3/2015Q215$0.69$0.64$753.00 million$733.54 millionViewN/AView Earnings Details
4/27/2015Q115$0.70$0.59$751.91 million$740.50 millionViewN/AView Earnings Details
2/9/2015Q414$0.51($0.13)$741.44 million$697.30 millionViewN/AView Earnings Details
11/3/2014Q314$0.63$0.81$742.90 million$720.00 millionViewN/AView Earnings Details
7/28/2014Q214$0.68$0.83$733.20 million$698.80 millionViewN/AView Earnings Details
4/28/2014Q114$0.64$0.77$718.44 million$724.70 millionViewN/AView Earnings Details
2/10/2014Q413$0.54$0.33$718.30 million$668.10 millionViewN/AView Earnings Details
10/28/2013Q313$0.65$0.53$710.70 million$704.90 millionViewN/AView Earnings Details
7/29/2013Q2 2013$0.62$0.63$713.40 million$642.57 millionViewN/AView Earnings Details
4/29/2013Q1 2013$0.47$0.69$703.27 million$690.50 millionViewN/AView Earnings Details
2/4/2013Q4 2012$0.28($0.17)$695.59 million$655.80 millionViewN/AView Earnings Details
10/29/2012Q312$0.57$0.62$690.34 million$684.90 millionViewN/AView Earnings Details
7/30/2012$0.67$0.19ViewN/AView Earnings Details
4/30/2012$0.69$0.71ViewN/AView Earnings Details
2/6/2012$0.69$0.59ViewN/AView Earnings Details
10/31/2011$0.69$0.72ViewN/AView Earnings Details
8/1/2011$0.64$0.76ViewN/AView Earnings Details
5/2/2011$0.56$0.72ViewN/AView Earnings Details
2/7/2011$0.70($0.15)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mercury General Corporation (NYSE:MCY)
Current Year EPS Consensus Estimate: $2.58 EPS
Next Year EPS Consensus Estimate: $2.80 EPS

Dividends

Current Dividend Information for Mercury General Corporation (NYSE:MCY)
Annual Dividend:$2.49
Dividend Yield:4.26%
Dividend Growth:0.40% (3 Year Average)
Payout Ratio:188.64% (Based on Trailing 12 Months of Earnings)
96.51% (Based on Current Year Consensus EPS Estimate)
88.93% (Based on Next Year Consensus EPS Estimate)
Track Record:31 Years of Consecutive Dividend Growth

Dividend History for Mercury General Corporation (NYSE:MCY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/6/2017quarterly$0.624.26%3/14/20173/16/20173/30/2017
10/31/2016quarterly$0.624.57%12/13/201612/15/201612/29/2016
8/1/2016quarterly$0.624.66%9/13/20169/15/20169/29/2016
5/2/2016quarterly$0.624.73%6/14/20166/16/20166/30/2016
2/8/2016quarterly$0.625.06%3/15/20163/17/20163/31/2016
11/2/2015quarterly$0.6212/11/201512/15/201512/29/2015
8/3/2015quarterly$0.629/8/20159/10/20159/24/2015
4/27/2015quarterly$0.624.39%6/9/20156/11/20156/25/2015
2/9/2015quarterly$0.624.62%3/13/20153/17/20153/31/2015
11/3/2014quarterly$0.624.47%12/10/201412/12/201412/26/2014
7/28/2014quarterly$0.624.96%9/9/20149/11/20149/25/2014
4/28/2014quarterly$0.625.17%6/10/20146/12/20146/26/2014
2/10/2014quarterly$0.625.71%3/13/20143/17/20143/31/2014
10/28/2013quarterly$0.625.16%12/10/201312/12/201312/26/2013
7/29/2013quarterly$0.615.59%9/10/20139/12/20139/26/2013
4/29/2013quarterly$0.615.36%6/11/20136/13/20136/27/2013
2/4/2013quarterly$0.616.49%3/12/20133/14/20133/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Mercury General Corporation (NYSE:MCY)
Insider Ownership Percentage: 34.40%
Institutional Ownership Percentage: 43.83%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/22/2017Christopher GravesInsiderSell9,015$58.05$523,320.75View SEC Filing  
2/21/2017Christopher GravesInsiderSell2,985$58.05$173,279.25View SEC Filing  
11/9/2016Mike CurtiusDirectorSell1,500$56.29$84,435.00View SEC Filing  
3/7/2016Gabriel TiradorCEOSell7,500$54.00$405,000.00View SEC Filing  
3/3/2016Brandt MinnichVPSell3,000$53.82$161,460.00View SEC Filing  
4/30/2015Mike CurtiusDirectorBuy1,000$54.97$54,970.00View SEC Filing  
12/9/2014Allan LubitzSVPSell1,100$59.50$65,450.00View SEC Filing  
12/9/2014Theodore R StalickCFOSell1,950$59.43$115,888.50View SEC Filing  
12/4/2014Gabriel TiradorDirectorSell2,355$55.93$131,715.15View SEC Filing  
11/10/2014Theodore R StalickCFOSell20,000$55.25$1,105,000.00View SEC Filing  
8/13/2014Allan LubitzSVPSell3,750$50.85$190,687.50View SEC Filing  
8/11/2014Allan LubitzSVPSell3,750$50.85$190,687.50View SEC Filing  
8/6/2014Robert HoulihanVPSell11,250$50.65$569,812.50View SEC Filing  
12/6/2013Douglas MengesVPBuy6,000$49.80$298,800.00View SEC Filing  
11/5/2013Douglas S MengesVPBuy5,000$46.68$233,400.00View SEC Filing  
10/31/2013Theodore R StalickCFOSell3,750$46.57$174,637.50View SEC Filing  
9/13/2013Gabriel TiradorDirectorSell8,925$46.00$410,550.00View SEC Filing  
9/11/2013Brandt MinnichVPSell1,250$45.39$56,737.50View SEC Filing  
5/21/2013Brandt MinnichVPSell1,000$45.51$45,510.00View SEC Filing  
5/16/2013John SuttonVPSell10,000$45.85$458,500.00View SEC Filing  
5/13/2013Gabriel TiradorDirectorSell4,500$45.19$203,355.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Mercury General Corporation (NYSE:MCY)
DateHeadline
marketexclusive.com logoInsider Trading Activity Mercury General Corporation (NYSE:MCY ... - Market Exclusive (NYSE:MCY)
marketexclusive.com - February 26 at 6:13 AM
marketexclusive.com logoInsider Trading Activity Mercury General Corporation (NYSE:MCY) – Insider Sold 9015 shares of Stock - Market Exclusive (NYSE:MCY)
marketexclusive.com - February 24 at 7:43 PM
News IconStock Perspective: Mercury General Corporation (NYSE:MCY) Company Earnings Watch - Aiken Advocate (NYSE:MCY)
aikenadvocate.com - February 22 at 11:40 PM
reuters.com logoFitch Revises Mercury General's Ratings Outlook to Negative (NYSE:MCY)
www.reuters.com - February 17 at 7:26 PM
finance.yahoo.com logoMERCURY GENERAL CORP Financials (NYSE:MCY)
finance.yahoo.com - February 16 at 6:03 PM
News IconWhat are analysts Suggestions on: General Dynamics Corporation (NYSE:GD) (NYSE:MCY)
hoyentv.com - February 11 at 12:17 AM
capitalcube.com logoMercury General Corp. :MCY-US: Earnings Analysis: Q4, 2016 By the Numbers : February 9, 2017 (NYSE:MCY)
www.capitalcube.com - February 9 at 7:27 PM
biz.yahoo.com logoMERCURY GENERAL CORP Files SEC form 10-K, Annual Report (NYSE:MCY)
biz.yahoo.com - February 9 at 7:27 PM
capitalcube.com logoMercury General Corp. :MCY-US: Earnings Analysis: 2016 By the Numbers : February 8, 2017 (NYSE:MCY)
www.capitalcube.com - February 8 at 7:17 PM
biz.yahoo.com logoMERCURY GENERAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Princi (NYSE:MCY)
us.rd.yahoo.com - February 8 at 5:49 AM
marketexclusive.com logoMERCURY GENERAL CORPORATION (NYSE:MCY) Files An 8-K Results of Operations and Financial Condition (NYSE:MCY)
marketexclusive.com - February 7 at 7:45 PM
nasdaq.com logoMCY Breaks Above 4% Yield Territory - Nasdaq - Nasdaq (NYSE:MCY)
www.nasdaq.com - February 7 at 6:28 AM
finance.yahoo.com logoEdited Transcript of MCY earnings conference call or presentation 6-Feb-17 6:00pm GMT (NYSE:MCY)
finance.yahoo.com - February 7 at 6:28 AM
nasdaq.com logoMercury General Corp. Q4 Earnings Climb 11% - NASDAQ.com - Nasdaq (NYSE:MCY)
www.nasdaq.com - February 6 at 6:35 PM
News IconEarnings announcements part 2 – Mercury General Corporation (NYSE:MCY),American Superconductor (NASDAQ ... - Stock Market Daily (NYSE:MCY)
stockmarketdaily.co - February 6 at 6:35 PM
biz.yahoo.com logoQ4 2016 Mercury General Corp Earnings Release - Before Market Open (NYSE:MCY)
us.rd.yahoo.com - February 6 at 10:01 AM
us.rd.yahoo.com logoMercury General Corporation Announces Fourth Quarter and Fiscal 2016 Results and Declares Quarterly Dividend (NYSE:MCY)
us.rd.yahoo.com - February 6 at 10:01 AM
sg.finance.yahoo.com logoMercury General reports 4Q loss (NYSE:MCY)
sg.finance.yahoo.com - February 6 at 10:01 AM
News IconTrading Focus: Eye on Shares of Mercury General Corporation (MCY) - Springdale Times (NYSE:MCY)
springdaletimes.com - February 1 at 7:19 PM
News IconStock Sets Sail For New Heights: Mercury General Corporation (NYSE:MCY) - Wall Street Beacon (NYSE:MCY)
wsbeacon.com - February 1 at 7:19 PM
4-traders.com logoMercury General : Car Shoppers Can Save Money with These 10 Most Affordable 2017 Vehicles to Insure (NYSE:MCY)
www.4-traders.com - January 31 at 7:24 PM
finance.yahoo.com logoCar Shoppers Can Save Money with These 10 Most Affordable 2017 Vehicles to Insure (NYSE:MCY)
finance.yahoo.com - January 31 at 7:24 PM
capitalcube.com logoMercury General Corp. : MCY-US: Dividend Analysis : December 15th, 2016 (record date) : By the numbers : January 31, 2017 (NYSE:MCY)
www.capitalcube.com - January 31 at 7:24 PM
News IconStock Flexing Muscles in New Year, Touching a New High: Mercury General Corporation (NYSE:MCY) - Wall Street Beacon (NYSE:MCY)
wsbeacon.com - January 26 at 9:03 PM
4-traders.com logoMercury General : Insurance Teams Up with Habitat for Humanity to Build Homes for Veterans (NYSE:MCY)
www.4-traders.com - January 26 at 12:54 AM
News IconMercury General Corporation (NYSE:MCY) Price Target & Session Check (NYSE:MCY)
flapship.com - January 26 at 12:54 AM
News IconChart Indicator Check on Shares of Mercury General Corporation (MCY) - Springdale Times (NYSE:MCY)
springdaletimes.com - January 25 at 7:53 PM
News IconWhat is the Sell-side Saying About Mercury General Corporation (NYSE:MCY)? - Aiken Advocate (NYSE:MCY)
aikenadvocate.com - January 25 at 7:53 PM
News IconStock Pounding Higher to Brand New Heights: Mercury General Corporation (NYSE:MCY) - Wall Street Beacon (NYSE:MCY)
wsbeacon.com - January 25 at 7:53 PM
seekingalpha.com logoVF Corp. Leads Champion Dividend Dog New Year Gains (NYSE:MCY)
seekingalpha.com - January 23 at 6:44 PM
investornewswire.com logoStock Rating Of Mercury General Corporation (NYSE:MCY) Revised At 3.33 - Investor Newswire (NYSE:MCY)
www.investornewswire.com - January 23 at 10:15 AM
News IconStock Touches New High Post-Inauguration: Mercury General Corporation (NYSE:MCY) - Wall Street Beacon (NYSE:MCY)
wsbeacon.com - January 23 at 10:15 AM
News IconChart Level Analysis on Shares of Mercury General Corporation (MCY) - Springdale Times (NYSE:MCY)
springdaletimes.com - January 19 at 8:28 PM
finance.yahoo.com logoShould Cincinnati Financial (CINF) Stock be in Your Portfolio? (NYSE:MCY)
finance.yahoo.com - January 19 at 8:28 PM
capitalcube.com logoMercury General Corp. breached its 50 day moving average in a Bearish Manner : MCY-US : January 18, 2017 (NYSE:MCY)
www.capitalcube.com - January 18 at 6:59 PM
investornewswire.com logoMercury General Corporation (NYSE:MCY) EPS Forecast At $0.6 - Investor Newswire (NYSE:MCY)
www.investornewswire.com - January 16 at 8:11 AM
finance.yahoo.com logoMercury General Corporation To Report Results On February 6, 2017 (NYSE:MCY)
finance.yahoo.com - January 13 at 7:45 PM
finance.yahoo.com logoZacks Industry Outlook Highlights: Mercury General, State National Companies, Markel and RLI (NYSE:MCY)
finance.yahoo.com - January 6 at 7:07 PM
biz.yahoo.com logoMERCURY GENERAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial O (NYSE:MCY)
biz.yahoo.com - January 3 at 10:22 PM
4-traders.com logoMERCURY GENERAL CORPORATION (NASDAQ:MCY) Files An 8-K Entry into a Material Definitive Agreement (NYSE:MCY)
www.4-traders.com - December 30 at 4:33 AM
4-traders.com logoMERCURY GENERAL CORPORATION (NYSE:MCY) Files An 8-K Entry into a Material Definitive Agreement (NYSE:MCY)
www.4-traders.com - December 29 at 6:29 PM
feeds.reuters.com logoBRIEF-Mercury General says enters fifth amendment to credit agreement (NYSE:MCY)
feeds.reuters.com - December 29 at 2:50 PM
feeds.reuters.com logoBRIEF-Mercury General files for potential debt shelf offering (NYSE:MCY)
feeds.reuters.com - December 28 at 3:12 PM
4-traders.com logoMercury General Corporation : Moves Lower on Volume Spike for December 15 (NYSE:MCY)
www.4-traders.com - December 17 at 6:48 PM
capitalcube.com logoETFs with exposure to Mercury General Corp. : December 13, 2016 (NYSE:MCY)
www.capitalcube.com - December 13 at 6:54 PM
4-traders.com logoMERCURY GENERAL CORPORATION : ex-dividend day (NYSE:MCY)
www.4-traders.com - December 12 at 6:38 PM
News IconTrading Studio: Checking the Numbers on Shares of Mercury General Corporation (MCY) - StockTalk Daily (NYSE:MCY)
stocktalkdaily.com - December 11 at 5:41 PM
nasdaq.com logoEx-Dividend Reminder: First Financial Bankshares, Urban Edge ... - Nasdaq (NYSE:MCY)
www.nasdaq.com - December 9 at 6:30 PM
reuters.com logoBRIEF-HSBC comments on 2016 BoE stress test - Reuters (NYSE:MCY)
www.reuters.com - December 1 at 6:26 PM
reuters.com logoFitch Affirms Mercury General's Ratings; Outlook Stable (NYSE:MCY)
www.reuters.com - December 1 at 9:41 AM

Social

What is Mercury General Corporation's stock symbol?

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

How often does Mercury General Corporation pay dividends? What is the dividend yield for Mercury General Corporation?

Mercury General Corporation announced a quarterly dividend on Monday, February 6th. Stockholders of record on Thursday, March 16th will be paid a dividend of $0.6225 per share on Thursday, March 30th. This represents a $2.49 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Tuesday, March 14th.

Where is Mercury General Corporation's stock going? Where will Mercury General Corporation's stock price be in 2017?

1 brokers have issued 1 year price objectives for Mercury General Corporation's stock. Their forecasts range from $51.00 to $51.00. On average, they anticipate Mercury General Corporation's stock price to reach $51.00 in the next year.

When will Mercury General Corporation announce their earnings?

Mercury General Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

Who owns Mercury General Corporation stock?

Mercury General Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.04%), Dimensional Fund Advisors LP (2.19%), Renaissance Technologies LLC (0.56%), Royce & Associates LP (0.21%), Two Sigma Investments LP (0.12%) and New York State Teachers Retirement System (0.11%). Company insiders that own Mercury General Corporation stock include Brandt Minnich, Christopher Graves, Gabriel Tirador and Mike Curtius.

Who sold Mercury General Corporation stock? Who is selling Mercury General Corporation stock?

Mercury General Corporation's stock was sold by a variety of institutional investors in the last quarter, including Capital Guardian Trust Co., Paradigm Asset Management Co. LLC, AQR Capital Management LLC, Royce & Associates LP, United Capital Financial Advisers LLC, Federated Investors Inc. PA, Horizon Kinetics LLC and Raymond James Financial Services Advisors Inc.. Company insiders that have sold Mercury General Corporation stock in the last year include Brandt Minnich, Christopher Graves, Gabriel Tirador and Mike Curtius.

Who bought Mercury General Corporation stock? Who is buying Mercury General Corporation stock?

Mercury General Corporation's stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Two Sigma Investments LP, Russell Investments Group Ltd., Turner Investments LLC, Guggenheim Capital LLC, Dimensional Fund Advisors LP, Cantab Capital Partners LLP and A.R.T. Advisors LLC.

How do I buy Mercury General Corporation stock?

Shares of Mercury General Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Mercury General Corporation stock cost?

One share of Mercury General Corporation stock can currently be purchased for approximately $58.48.

Mercury General Corporation (NYSE:MCY) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Mercury General Corporation (NYSE:MCY)

Earnings History Chart

Earnings by Quarter for Mercury General Corporation (NYSE:MCY)

Dividend History Chart

Dividend Payments by Quarter for Mercury General Corporation (NYSE:MCY)

Last Updated on 2/27/2017 by MarketBeat.com Staff