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NYSE:MCY

Mercury General (MCY) Stock Forecast, Price & News

$28.06
-0.31 (-1.09%)
(As of 09/26/2023 ET)
Compare
Today's Range
$28.04
$28.80
50-Day Range
$27.85
$32.15
52-Week Range
$26.15
$39.47
Volume
122,932 shs
Average Volume
225,377 shs
Market Capitalization
$1.55 billion
P/E Ratio
N/A
Dividend Yield
4.53%
Price Target
$33.00

Mercury General MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
17.6% Upside
$33.00 Price Target
Short Interest
Healthy
1.63% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$7,140 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.95) to $1.50 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Finance Sector

545th out of 833 stocks

Fire, Marine, & Casualty Insurance Industry

28th out of 45 stocks


MCY stock logo

About Mercury General (NYSE:MCY) Stock

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, fire, and other hazards. The company sells its policies through a network of independent agents and 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 Price History

MCY Stock News Headlines

Something is Coming for America's Top Stock
This stock has already doubled this year - but it could hurt your portfolio if you hold it much longer. Learn why here.
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
See More Headlines
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MCY Company Calendar

Ex-Dividend for 6/29 Dividend
6/14/2023
Dividend Payable
6/29/2023
Last Earnings
8/01/2023
Ex-Dividend for 9/28 Dividend
9/13/2023
Today
9/26/2023
Dividend Payable
9/28/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
58940010
Employees
4,300
Year Founded
1962

Price Target and Rating

Average Stock Price Forecast
$33.00
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+14.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-512,670,000.00
Pretax Margin
-6.35%

Debt

Sales & Book Value

Annual Sales
$3.64 billion
Book Value
$27.49 per share

Miscellaneous

Free Float
35,714,000
Market Cap
$1.59 billion
Optionable
Optionable
Beta
0.58

Social Links

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Key Executives

  • Mr. George Victor Joseph (Age 101)
    Exec. Chairman
    Comp: $1.28M
  • Mr. Gabriel Tirador (Age 58)
    Pres, CEO & Director
    Comp: $1.31M
  • Mr. Theodore Robert Stalick (Age 60)
    Sr. VP & CFO
    Comp: $874.55k
  • Mr. Victor George Joseph (Age 36)
    Exec. VP & COO
    Comp: $523.54k
  • Mr. Christopher Wadewitz Graves (Age 57)
    VP & Chief Investment Officer
    Comp: $676.25k
  • Mr. Wilson Pang B.E.
    Chief Technology Officer
  • Mr. Abby Hosseini (Age 63)
    VP & Chief Information Officer
  • Mr. Brandt N. Minnich (Age 56)
    VP & Chief Sales Devel. Officer
  • Mr. Erik Dahl Thompson (Age 54)
    VP & Chief Marketing Officer
  • Ms. Heidi C. Sullivan (Age 54)
    VP & Chief Human Capital Officer













MCY Stock - Frequently Asked Questions

Should I buy or sell Mercury General stock right now?

1 Wall Street research 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 research analysts is that investors should "buy" MCY shares.
View MCY analyst ratings
or view top-rated stocks.

What is Mercury General's stock price forecast for 2023?

1 Wall Street analysts have issued 12-month target prices for Mercury General's shares. Their MCY share price forecasts range from $33.00 to $33.00. On average, they predict the company's share price to reach $33.00 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
View analysts price targets for MCY
or view top-rated stocks among Wall Street analysts.

How have MCY shares performed in 2023?

Mercury General's stock was trading at $34.20 at the start of the year. Since then, MCY stock has decreased by 16.0% and is now trading at $28.72.
View the best growth stocks for 2023 here
.

When is Mercury General's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our MCY earnings forecast
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) announced its quarterly earnings data on Tuesday, August, 1st. The insurance provider reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.01. The insurance provider earned $1.10 billion during the quarter, compared to analyst estimates of $1.05 billion. Mercury General had a negative net margin of 4.52% and a negative trailing twelve-month return on equity of 11.79%.

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

Mercury General declared a quarterly dividend on Tuesday, August 1st. Investors of record on Thursday, September 14th will be given a dividend of $0.317 per share on Thursday, September 28th. This represents a $1.27 annualized dividend and a yield of 4.42%. The ex-dividend date is Wednesday, September 13th.
Read our dividend analysis for MCY
.

What ETF holds Mercury General's stock ?

Invesco KBW Property & Casualty Insurance ETF holds 144,480 shares of MCY stock, representing 2.15% of its portfolio.

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 4.49%. 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.

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).

What is Mercury General's stock symbol?

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

Who are Mercury General's major shareholders?

Mercury General's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.40%), Dimensional Fund Advisors LP (3.12%), Renaissance Technologies LLC (2.37%), Semper Augustus Investments Group LLC (2.28%), State Street Corp (1.80%) and Absher Wealth Management LLC (1.24%). Insiders that own company stock include George Joseph and Joshua Eric Little.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $28.72.

How much money does Mercury General make?

Mercury General (NYSE:MCY) has a market capitalization of $1.59 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 ($3.47) on an earnings per share basis.

How many employees does Mercury General have?

The company employs 4,300 workers across the globe.

How can I contact Mercury General?

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.

This page (NYSE:MCY) was last updated on 9/26/2023 by MarketBeat.com Staff

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