NYSE:MCY

Mercury General (MCY) Stock Price, News & Analysis

$58.20
+0.24 (+0.41%)
(As of 05/17/2024 ET)
Today's Range
$57.81
$58.53
50-Day Range
$47.11
$58.19
52-Week Range
$27.27
$58.53
Volume
176,416 shs
Average Volume
304,596 shs
Market Capitalization
$3.22 billion
P/E Ratio
14.96
Dividend Yield
2.18%
Price Target
$33.00

Mercury General MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
43.3% Downside
$33.00 Price Target
Short Interest
Healthy
2.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
34.48%
From $2.90 to $3.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.99 out of 5 stars

Finance Sector

299th out of 852 stocks

Fire, Marine, & Casualty Insurance Industry

21st out of 51 stocks

MCY stock logo

About Mercury General Stock (NYSE:MCY)

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. The company sells its policies through a network of independent agents, insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was founded in 1961 and is headquartered in Los Angeles, California.

MCY Stock Price History

MCY Stock News Headlines

Mercury General (NYSE: MCY)
Here's what Wall Street expects from Mercury General's earnings
Mercury Launches Personal Banking
See More Headlines
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Company Calendar

Last Earnings
11/01/2021
Ex-Dividend for 3/27 Dividend
3/12/2024
Dividend Payable
3/27/2024
Today
5/18/2024
Ex-Dividend for 6/27 Dividend
6/13/2024
Dividend Payable
6/27/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
58940010
Employees
4,100
Year Founded
1962

Price Target and Rating

Average Stock Price Target
$33.00
High Stock Price Target
$33.00
Low Stock Price Target
$33.00
Potential Upside/Downside
-43.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$96.34 million
Pretax Margin
-3.54%

Debt

Sales & Book Value

Annual Sales
$4.63 billion
Book Value
$28.97 per share

Miscellaneous

Free Float
35,714,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
0.77

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Key Executives

  • Mr. Christopher Wadewitz Graves (Age 58)
    VP & Chief Investment Officer
    Comp: $871.55k
  • Mr. Wilson Pang B.E. (Age 47)
    VP & Chief Technology Officer
    Comp: $1.11M
  • Mr. George Victor Joseph (Age 102)
    Executive Chairman of the Board
    Comp: $1.28M
  • Mr. Gabriel Tirador (Age 59)
    CEO & Director
    Comp: $1.31M
  • Mr. Victor George Joseph (Age 37)
    President, COO & Director
    Comp: $523.54k
  • Mr. Theodore Robert Stalick (Age 61)
    Senior VP & CFO
    Comp: $874.55k
  • Mr. Brandt N. Minnich (Age 57)
    VP & Chief Sales Development Officer
  • Mr. Erik Dahl Thompson (Age 55)
    VP & Chief Marketing Officer
  • Ms. Heidi C. Sullivan (Age 55)
    VP & Chief Human Capital Officer
  • Mr. Randall R. Petro (Age 60)
    VP & Chief Claims Officer

MCY Stock Analysis - Frequently Asked Questions

Should I buy or sell Mercury General stock right now?

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

What is Mercury General's stock price target for 2024?

1 brokers have issued 1-year price objectives for Mercury General's stock. Their MCY share price targets range from $33.00 to $33.00. On average, they predict the company's stock price to reach $33.00 in the next twelve months. This suggests that the stock has a possible downside of 43.3%.
View analysts price targets for MCY
or view top-rated stocks among Wall Street analysts.

How have MCY shares performed in 2024?

Mercury General's stock was trading at $37.31 at the beginning of 2024. Since then, MCY stock has increased by 56.0% and is now trading at $58.20.
View the best growth stocks for 2024 here
.

Are investors shorting Mercury General?

Mercury General saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 574,200 shares, an increase of 28.6% from the April 15th total of 446,600 shares. Based on an average daily volume of 262,300 shares, the days-to-cover ratio is presently 2.2 days. Currently, 2.2% of the shares of the company are sold short.
View Mercury General's Short Interest
.

When is Mercury General's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our MCY earnings forecast
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) issued its earnings results on Monday, November, 1st. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.16. The insurance provider earned $975.76 million during the quarter, compared to analyst estimates of $974.96 million. Mercury General had a trailing twelve-month return on equity of 9.85% and a net margin of 4.48%. During the same quarter in the prior year, the business posted $1.23 earnings per share.

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

Mercury General announced a quarterly dividend on Tuesday, April 30th. Investors of record on Thursday, June 13th will be paid a dividend of $0.3175 per share on Thursday, June 27th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, June 13th. This is a positive change from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for MCY
.

Is Mercury General a good dividend stock?

Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 2.19%. The dividend payout ratio is 32.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCY will have a dividend payout ratio of 32.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCY.

What is Gabriel Tirador's approval rating as Mercury General's CEO?

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.

What other stocks do shareholders of Mercury General own?

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).

Who are Mercury General's major shareholders?

Mercury General's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.88%), Absher Wealth Management LLC (1.26%), Speece Thorson Capital Group Inc. (0.44%), Jacobs Levy Equity Management Inc. (0.40%), Principal Financial Group Inc. (0.25%) and Assenagon Asset Management S.A. (0.17%).
View institutional ownership trends
.

How do I buy shares of Mercury General?

Shares of MCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MCY) was last updated on 5/19/2024 by MarketBeat.com Staff

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