NYSE:MCY

Mercury General (MCY) Stock Forecast, Price & News

$27.72

-0.33 (-1.18%)

(As of 09/27/2023 ET)

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Today's Range: $27.27
▼
$28.32
50-Day Range: $27.73
▼
$32.15
52-Week Range: $26.15
▼
$39.47

Volume: 83,267 shs
Average Volume: 162,283 shs
Market Capitalization: $1.54 billion

P/E Ratio: N/A
Dividend Yield: 4.58%
Price Target: $33.00

Mercury General MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 19.0% Upside
$33.00 Price Target
Short Interest: Healthy
1.89% 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.

1.98 out of 5 stars

Finance Sector

659th out of 844 stocks

Fire, Marine, & Casualty Insurance Industry

34th out of 47 stocks

2.5

Analyst's Opinion

Consensus Rating
Mercury General has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $33.00, Mercury General has a forecasted upside of 19.0% from its current price of $27.73.
Amount of Analyst Coverage
Mercury General has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.89% of the float of Mercury General has been sold short.
Short Interest Ratio / Days to Cover
Mercury General has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Mercury General has recently increased by 15.96%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Mercury General is a leading dividend payer. It pays a dividend yield of 4.48%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Mercury General does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Mercury General will have a dividend payout ratio of 84.67% in the coming year. This indicates that Mercury General may not be able to sustain their current dividend.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Mercury General has received a 5.66% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home insurance services for individuals", "Home contents insurance services for individuals", and "Landlord's insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Mercury General is -0.82.

0.0

News and Social Media Coverage

Search Interest
Only 2 people have searched for MCY on MarketBeat in the last 30 days. This is a decrease of -82% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mercury General insiders have bought more of their company's stock than they have sold. Specifically, they have bought $7,140.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
35.50% of the stock of Mercury General is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
42.39% of the stock of Mercury General is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Mercury General are expected to grow in the coming year, from ($1.95) to $1.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mercury General is -7.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mercury General is -7.99, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Mercury General has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MCY Stock News Headlines

September 17, 2023 | news.yahoo.com

What Your Mercury Sign Says About Your Communication Style

September 14, 2023 | finance.yahoo.com

Bodily Injury Costs Increase in California, According to Mercury Insurance

September 28, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

September 13, 2023 | finance.yahoo.com

Mercury Insurance Continues to Transform Technology and Innovation Practice with Industry Leading Talent

September 12, 2023 | finance.yahoo.com

Shareholders Will Most Likely Find Mercury NZ Limited's (NZSE:MCY) CEO Compensation Acceptable

September 12, 2023 | benzinga.com

Maximizing Investor Returns: Kinsale Cap Gr Unleashes Growth Potential with Strong Performance

September 7, 2023 | finance.yahoo.com

Strong El Niño Prediction is a Sign to Get Your House and Insurance in Order

August 30, 2023 | finance.yahoo.com

Mercury Insurance Advises Policyholders to Prepare for Hurricane Idalia

September 28, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023. Click here to get his latest buy. More here.

August 29, 2023 | finance.yahoo.com

Mercury General (NYSE:MCY) Has Affirmed Its Dividend Of $0.3175

August 29, 2023 | finance.yahoo.com

Mercury Insurance Ready to Assist Policyholders Impacted by Tropical Storm Idalia

August 26, 2023 | finance.yahoo.com

Mercury Insurance Advises Homeowners to Prepare for Hurricane Hilary

August 9, 2023 | seekingalpha.com

Mercury General Corporation: Not A Lot To Be Excited About

August 8, 2023 | msn.com

Mercury General: Struggling Against Ongoing Headwinds

August 5, 2023 | finance.yahoo.com

Mercury General (NYSE:MCY) Will Pay A Dividend Of $0.3175

July 31, 2023 | finance.yahoo.com

Mercury Names the Most Affordable 2023 Electric Vehicles to Insure

July 28, 2023 | finance.yahoo.com

Mercury Insurance Names the Most Affordable New-Trucks and -SUVs to Insure

July 15, 2023 | thestreet.com

Mercury General Stock Hits New 52-Week High (MCY)

July 14, 2023 | finance.yahoo.com

Mercury Insurance Launches Video Series to Promote Wildfire Preparedness in California

July 11, 2023 | finance.yahoo.com

MERCURY GENERAL CORPORATION TO REPORT SECOND QUARTER RESULTS ON AUGUST 1, 2023

June 30, 2023 | finance.yahoo.com

Mercury Insurance Offers New Coverages and Discounts in Nevada

June 29, 2023 | finance.yahoo.com

As the Electric Vehicle Market Matures, Mercury Underscores the Importance of Insurance

June 28, 2023 | finance.yahoo.com

Mercury Insurance Details the Most Common Causes of Homeowners Claims

June 27, 2023 | finance.yahoo.com

Mercury Insurance Helps Drivers Prepare Their Vehicles for Road Trip Season

June 26, 2023 | finance.yahoo.com

Mercury Insurance Introduces New 'AgentCenter' Point of Sale Software for Agents in California

June 23, 2023 | reuters.com

Mercury Systems to make leadership changes as it concludes strategic review

June 23, 2023 | finance.yahoo.com

Planning for a Road Trip in an Electric Car, Mercury Insurance Advises

See More Headlines

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MCY Company Calendar

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

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NYSE:MCY
CUSIP: 58940010
CIK: 64996
Web: www.mercuryinsurance.com
Phone: (323) 937-1060
Fax: 323-857-7116
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: +19.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.47)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-512,670,000.00
Net Margins: -4.52%
Pretax Margin: -6.35%
Return on Equity: -11.79%
Return on Assets: -2.66%

Debt

Debt-to-Equity Ratio: 0.32
Current Ratio: 0.27
Quick Ratio: 0.27

Sales & Book Value

Annual Sales: $3.64 billion
Price / Sales: 0.42
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $27.49 per share
Price / Book: 1.01

Miscellaneous

Outstanding Shares: 55,370,000
Free Float: 35,714,000
Market Cap: $1.54 billion
Optionable: Optionable
Beta: 0.58

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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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 analysts have issued 1 year price objectives for Mercury General's stock. Their MCY share price forecasts range from $33.00 to $33.00. On average, they predict the company's stock price to reach $33.00 in the next year. This suggests a possible upside of 19.0% 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 beginning of the year. Since then, MCY shares have decreased by 18.9% and is now trading at $27.7250.
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) issued its quarterly earnings results 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 had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.05 billion. Mercury General had a negative trailing twelve-month return on equity of 11.79% and a negative net margin of 4.52%.
How often does Mercury General pay dividends? What is the dividend yield for Mercury General?: Mercury General announced a quarterly dividend on Tuesday, August 1st. Shareholders 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 dividend yield of 4.57%. The ex-dividend date of this dividend 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 4.48%. 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 retail and institutional 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 $27.73.
How much money does Mercury General make?: Mercury General (NYSE:MCY) has a market capitalization of $1.54 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 9/28/2023 by MarketBeat.com Staff

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