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, fire, and umbrella insurance. Its automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products cover dwelling, liability, personal property, fire, and other hazards. The company sells its policies through a network of independent agents, 100% owned insurance agents, and direct channels in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was founded in 1960 and is headquartered in Los Angeles, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Current SymbolNYSE:MCY
Previous Symbol
CUSIP58940010
Phone323-937-1060
Debt
Debt-to-Equity Ratio0.21
Current Ratio0.40
Quick Ratio0.40
Price-To-Earnings
Trailing P/E Ratio34.84
Forward P/E Ratio20.40
P/E GrowthN/A
Sales & Book Value
Annual Sales$3.42 billion
Price / Sales0.93
Cash Flow$2.5541 per share
Price / Cash22.36
Book Value$31.83 per share
Price / Book1.79
Profitability
EPS (Most Recent Fiscal Year)$1.64
Net Income$144.87 million
Net Margins2.80%
Return on Equity7.13%
Return on Assets2.37%
Miscellaneous
Employees4,300
Outstanding Shares55,340,000
Market Cap$3.26 billion
OptionableOptionable
Mercury General (NYSE:MCY) Frequently Asked Questions
What is Mercury General's stock symbol?
Mercury General trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCY."
How often does Mercury General pay dividends? What is the dividend yield for Mercury General?
Mercury General announced a quarterly dividend on Monday, October 29th. Shareholders of record on Thursday, December 13th will be given a dividend of $0.6275 per share on Thursday, December 27th. This represents a $2.51 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Wednesday, December 12th. This is a boost from Mercury General's previous quarterly dividend of $0.63. View Mercury General's Dividend History.
How were Mercury General's earnings last quarter?
Mercury General Co. (NYSE:MCY) issued its quarterly earnings data on Monday, October, 29th. The insurance provider reported $1.11 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.73 by $0.38. The insurance provider earned $905.34 million during the quarter, compared to analyst estimates of $877.06 million. Mercury General had a return on equity of 7.13% and a net margin of 2.80%. Mercury General's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. View Mercury General's Earnings History.
When is Mercury General's next earnings date?
What price target have analysts set for MCY?
1 analysts have issued 12 month target prices for Mercury General's stock. Their forecasts range from $69.00 to $69.00. On average, they expect Mercury General's stock price to reach $69.00 in the next year. This suggests a possible upside of 20.8% from the stock's current price. View Analyst Price Targets for Mercury General.
What is the consensus analysts' recommendation for Mercury General?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercury General.
Has Mercury General been receiving favorable news coverage?
Press coverage about MCY stock has trended neutral this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mercury General earned a news sentiment score of 0.5 on InfoTrie's scale. They also gave news stories about the insurance provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the next several days.
Who are some of Mercury General's key competitors?
Some companies that are related to Mercury General include Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Cna Financial (CNA), Arch Capital Group (ACGL), W. R. Berkley (WRB), Alleghany (Y), American Financial Group (AFG), Everest Re Group (RE), RenaissanceRe (RNR), Kemper (KMPR), Hanover Insurance Group (THG), Axis Capital (AXS), Enstar Group (ESGR), Selective Insurance Group (SIGI), RLI (RLI) and White Mountains Insurance Group (WTM).
Who are Mercury General's key executives?
Mercury General's management team includes the folowing people:
- Mr. Gabriel Tirador, Pres, CEO & Director (Age 53)
- Mr. Theodore Robert Stalick, Sr. VP & CFO (Age 55)
- Mr. Christopher Wadewitz Graves, VP & Chief Investment Officer (Age 52)
- Abby Hosseini, Chief Information Officer & VP
- Mr. Erik Thompson, VP of Advter. & PR (Age 49)
Who are Mercury General's major shareholders?
Mercury General's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.49%), Dimensional Fund Advisors LP (3.72%), Capital Research Global Investors (3.07%), Renaissance Technologies LLC (2.02%), First Trust Advisors LP (1.06%) and Bank of New York Mellon Corp (0.81%). Company insiders that own Mercury General stock include Allan Lubitz, Christopher Graves, Gabriel Tirador, Joshua Eric Little, Mike Curtius and Randall R Petro. View Institutional Ownership Trends for Mercury General.
Which major investors are selling Mercury General stock?
MCY stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of New York Mellon Corp, First Trust Advisors LP, Speece Thorson Capital Group Inc., Riverhead Capital Management LLC, Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V. and American International Group Inc.. View Insider Buying and Selling for Mercury General.
Which major investors are buying Mercury General stock?
MCY stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Man Group plc, MERIAN GLOBAL INVESTORS UK Ltd, Renaissance Technologies LLC, Paloma Partners Management Co, Frontier Investment Mgmt Co., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and GSA Capital Partners LLP. View Insider Buying and Selling for Mercury General.
How do I buy shares of Mercury General?
Shares of MCY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mercury General's stock price today?
One share of MCY stock can currently be purchased for approximately $57.11.
How big of a company is Mercury General?
Mercury General has a market capitalization of $3.26 billion and generates $3.42 billion in revenue each year. The insurance provider earns $144.87 million in net income (profit) each year or $1.64 on an earnings per share basis. Mercury General employs 4,300 workers across the globe.
What is Mercury General's official website?
How can I contact Mercury General?
Mercury General's mailing address is 4484 WILSHIRE BOULEVARD, LOS ANGELES CA, 90010. The insurance provider can be reached via phone at 323-937-1060.
MarketBeat Community Rating for Mercury General (NYSE MCY)
MarketBeat's community ratings are surveys of what our community members think about Mercury General and other stocks. Vote "Outperform" if you believe MCY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCY will underperform the S&P 500 over the long term. You may vote once every thirty days.
