NYSE:MCYMercury General Stock Price, Forecast & News

Mercury General's stock was trading at $39.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MCY stock has increased by 16.8% and is now trading at $45.59.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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Mercury General is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
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Mercury General Co. (NYSE:MCY) issued its earnings results on Monday, August, 3rd. The insurance provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $1.52. The insurance provider earned $818.50 million during the quarter, compared to analyst estimates of $840.71 million. Mercury General had a net margin of 5.15% and a return on equity of 12.34%. The firm's quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share.
View Mercury General's earnings history.

Mercury General announced a quarterly dividend on Tuesday, August 4th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.63 per share on Tuesday, September 29th. This represents a $2.52 annualized dividend and a yield of 5.53%. The ex-dividend date is Monday, September 14th.
View Mercury General's dividend history.

2 equities research analysts have issued 1-year price objectives for Mercury General's shares. Their forecasts range from $50.00 to $50.00. On average, they anticipate Mercury General's stock price to reach $50.00 in the next year. This suggests a possible upside of 9.7% from the stock's current price.
View analysts' price targets for Mercury General.

Press coverage about MCY stock has trended very positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mercury General earned a news impact score of 4.0 on InfoTrie's scale. They also assigned news articles about the insurance provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future.
View the latest news about Mercury General.

Mercury General saw a decline in short interest in July. As of July 31st, there was short interest totaling 935,700 shares, a decline of 10.0% from the July 15th total of 1,040,000 shares. Based on an average trading volume of 392,900 shares, the days-to-cover ratio is presently 2.4 days. Approximately 3.5% of the shares of the stock are short sold.
View Mercury General's Short Interest.

Some companies that are related to Mercury General include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Hanover Insurance Group (THG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Mercury General investors own include Verizon Communications (VZ), Exxon Mobil (XOM), AT&T (T), Altria Group (MO), AbbVie (ABBV), Pfizer (PFE), General Motors (GM), Philip Morris International (PM), Walgreens Boots Alliance (WBA) and Wells Fargo & Co (WFC).

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

Mercury General's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Absher Wealth Management LLC (0.92%), ProShare Advisors LLC (0.55%), Assenagon Asset Management S.A. (0.53%), MERIAN GLOBAL INVESTORS UK Ltd (0.52%), LSV Asset Management (0.50%) and First Trust Advisors LP (0.33%). Company insiders that own Mercury General stock include Abby Hosseini, Brandt Minnich, Charles Toney, Gabriel Tirador, George Gwyer Braunegg, George Joseph, Joshua Eric Little and Mike Curtius.
View institutional ownership trends for Mercury General.

MCY stock was sold by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, WINTON GROUP Ltd, First Trust Advisors LP, SG Americas Securities LLC, Stone Ridge Asset Management LLC, New York State Common Retirement Fund, Ziegler Capital Management LLC, and Vident Investment Advisory LLC.
View insider buying and selling activity for Mercury General.

MCY stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., LSV Asset Management, Absher Wealth Management LLC, Principal Financial Group Inc., Raymond James & Associates, Russell Investments Group Ltd., Strs Ohio, and Cambridge Investment Research Advisors Inc.. Company insiders that have bought Mercury General stock in the last two years include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Gwyer Braunegg, George Joseph, and Joshua Eric Little.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of MCY stock can currently be purchased for approximately $45.59.

Mercury General has a market capitalization of $2.52 billion and generates $3.97 billion in revenue each year. The insurance provider earns $320.09 million in net income (profit) each year or $2.60 on an earnings per share basis. Mercury General employs 4,500 workers across the globe.

The official website for Mercury General is www.mercuryinsurance.com.

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.