About Mercury General Corporation (NYSE:MCY)
Mercury General Corporation is an insurance holding company. As of December 31, 2016, the Company and its subsidiaries were engaged in writing personal automobile insurance through 14 insurance subsidiaries in 11 states, principally California. Its segments include Property and Casualty Lines, and Other Lines. Its Property and Casualty segment offers various insurance products to its individual customers and small business customers. Its Other segment offers automobile mechanical breakdown warranties, which are sold through automobile dealerships and credit unions. It also writes homeowners, commercial automobile, commercial property, mechanical breakdown and umbrella insurance. Its insurance policies are sold through independent agents. As of December 31, 2016, it sold its policies through approximately 9,700 independent agents, its owned insurance agencies, Auto Insurance Specialists LLC and PoliSeek AIS Insurance Solutions, Inc., and directly through Internet sales portals.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Insurance - Automobile
- Sub-Industry: Property & Casualty Insurance
- Symbol: NYSE:MCY
- CUSIP: 58940010
- Web: www.mercuryinsurance.com
- Market Cap: $3.11733 billion
- Outstanding Shares: 55,311,000
- 50 Day Moving Avg: $56.60
- 200 Day Moving Avg: $56.61
- 52 Week Range: $50.32 - $64.52
Sales & Book Value:
- Trailing P/E Ratio: 39.41
- Foreward P/E Ratio: 21.43
- P/E Growth: 1.20
- Annual Revenue: $3.25 billion
- Price / Sales: 0.96
- Book Value: $31.88 per share
- Price / Book: 1.77
- Annual Dividend: $2.49
- Dividend Yield: 4.4%
- EBITDA: $116.43 million
- Net Margins: 2.45%
- Return on Equity: 6.66%
- Return on Assets: 2.43%
- Debt-to-Equity Ratio: 0.21%
- Current Ratio: 0.42%
- Quick Ratio: 0.42%
- Average Volume: 170,485 shs.
- Beta: 0.5
- Short Ratio: 26.3
Frequently Asked Questions for Mercury General Corporation (NYSE:MCY)
What is Mercury General Corporation's stock symbol?
Mercury General Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCY."
How often does Mercury General Corporation pay dividends? What is the dividend yield for Mercury General Corporation?
Mercury General Corporation announced a quarterly dividend on Tuesday, August 1st. Shareholders of record on Thursday, September 14th will be given a dividend of $0.6225 per share on Thursday, September 28th. This represents a $2.49 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Wednesday, September 13th. View Mercury General Corporation's Dividend History.
How were Mercury General Corporation's earnings last quarter?
Mercury General Corporation (NYSE:MCY) posted its quarterly earnings results on Monday, July, 31st. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.18. The firm had revenue of $852.80 million for the quarter, compared to analyst estimates of $815.85 million. Mercury General Corporation had a return on equity of 6.66% and a net margin of 2.45%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. View Mercury General Corporation's Earnings History.
When will Mercury General Corporation make its next earnings announcement?
Who are some of Mercury General Corporation's key competitors?
Some companies that are related to Mercury General Corporation include National Retail Properties (NNN), Apollo Global Management, LLC (APO), Brookfield Property Partners L.P. (BPY), Park Hotels & Resorts (PK), Liberty Property Trust (LPT), Bank of the Ozarks (OZRK), Eaton Vance Corporation (EV), Healthcare Trust of America (HTA), Lazard (LAZ), American Campus Communities (ACC), BOK Financial Corporation (BOKF), Jones Lang LaSalle Incorporated (JLL), Western Alliance Bancorporation (WAL), Commerce Bancshares (CBSH), PacWest Bancorp (PACW), Erie Indemnity Company (ERIE), Starwood Property Trust (STWD) and Synovus Financial Corp. (SNV).
Who are Mercury General Corporation's key executives?
Mercury General Corporation's management team includes the folowing people:
- George Joseph, Chairman of the Board
- Gabriel Tirador, President, Chief Executive Officer, Director
- Theodore R. Stalick, Chief Financial Officer, Senior Vice President
- Allan E. Lubitz, Chief Information Officer, Senior Vice President
- Christopher W. Graves, Vice President, Chief Investment Officer, Director
- Brandt N. Minnich, Vice President - Marketing
- Judy A. Walters, Vice President - Corporate Affairs, Secretary
- Robert Houlihan, Vice President, Chief Product Officer
- Kenneth G. Kitzmiller, Vice President, Chief Underwriting Officer
- Randall R. Petro, Vice President, Chief Claims Officer
Who owns Mercury General Corporation stock?
Mercury General Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (0.89%), Viking Fund Management LLC (0.12%), Mutual of America Capital Management LLC (0.05%), State Treasurer State of Michigan (0.02%) and Sit Investment Associates Inc. (0.01%). Company insiders that own Mercury General Corporation stock include Allan Lubitz, Brandt Minnich, Christopher Graves, Gabriel Tirador, Mike Curtius and Randall R Petro. View Institutional Ownership Trends for Mercury General Corporation.
Who sold Mercury General Corporation stock? Who is selling Mercury General Corporation stock?
Mercury General Corporation's stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V. and State Treasurer State of Michigan. Company insiders that have sold Mercury General Corporation stock in the last year include Allan Lubitz, Christopher Graves, Gabriel Tirador, Mike Curtius and Randall R Petro. View Insider Buying and Selling for Mercury General Corporation.
Who bought Mercury General Corporation stock? Who is buying Mercury General Corporation stock?
How do I buy Mercury General Corporation stock?
Shares of Mercury General Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Mercury General Corporation's stock price today?
MarketBeat Community Rating for Mercury General Corporation (NYSE MCY)MarketBeat's community ratings are surveys of what our community members think about Mercury General Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Mercury General Corporation stock can currently be purchased for approximately $56.36.
Consensus Ratings for Mercury General Corporation (NYSE:MCY) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|Consensus Price Target History for Mercury General Corporation (NYSE:MCY)
Analysts' Ratings History for Mercury General Corporation (NYSE:MCY)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/2/2016||Compass Point||Lower Price Target||Neutral||$55.00 -> $51.00||N/A|
|2/19/2016||Raymond James Financial, Inc.||Upgrade||Underperform -> Market Perform||N/A|
|11/2/2015||Keefe, Bruyette & Woods||Downgrade||Market Perform -> Underperform||$50.00||N/A|
Earnings History for Mercury General Corporation (NYSE:MCY)Earnings History by Quarter for Mercury General Corporation (NYSE MCY)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||Q2 2017||$0.50||$0.68||$815.85 million||$852.80 million||View||N/A|
|5/1/2017||Q1 2017||$0.55||$0.20||$829.68 million||$811.60 million||View||Listen|
|2/6/2017||Q416||$0.56||$0.58||$827.04 million||$768.08 million||View||Listen|
|10/31/2016||Q316||$0.57||$0.67||$785.88 million||$808.20 million||View||Listen|
|8/1/2016||Q216||$0.59||$0.35||$811.11 million||$858.00 million||View||N/A|
|5/2/2016||Q116||$0.67||$0.13||$794.64 million||$797.70 million||View||N/A|
|2/8/2016||Q415||$0.49||$0.52||$782.54 million||$746.40 million||View||N/A|
|11/2/2015||Q315||$0.58||$0.59||$760.91 million||$779.00 million||View||N/A|
|8/3/2015||Q215||$0.69||$0.64||$753.00 million||$733.54 million||View||N/A|
|4/27/2015||Q115||$0.70||$0.59||$751.91 million||$740.50 million||View||N/A|
|2/9/2015||Q414||$0.39||($0.13)||$741.44 million||$697.30 million||View||N/A|
|11/3/2014||Q314||$0.61||$0.81||$742.90 million||$720.00 million||View||N/A|
|7/28/2014||Q214||$0.67||$0.83||$733.20 million||$698.80 million||View||N/A|
|4/28/2014||Q114||$0.63||$0.77||$718.44 million||$724.70 million||View||N/A|
|2/10/2014||Q413||$0.54||$0.33||$718.30 million||$668.10 million||View||N/A|
|10/28/2013||Q313||$0.65||$0.53||$710.70 million||$704.90 million||View||N/A|
|7/29/2013||Q2 2013||$0.62||$0.63||$713.40 million||$642.57 million||View||N/A|
|4/29/2013||Q1 2013||$0.47||$0.69||$703.27 million||$690.50 million||View||N/A|
|2/4/2013||Q4 2012||$0.28||($0.17)||$695.59 million||$655.80 million||View||N/A|
|10/29/2012||Q312||$0.57||$0.62||$690.34 million||$684.90 million||View||N/A|
Earnings Estimates for Mercury General Corporation (NYSE:MCY)
Current Year EPS Consensus Estimate: $1.8 EPS
Next Year EPS Consensus Estimate: $2.63 EPS
Current Dividend Information for Mercury General Corporation (NYSE:MCY)
|Most Recent Dividend:||9/28/2017|
|Dividend Growth:||0.40% (3 Year Average)|
|Payout Ratio:||172.92% (Trailing 12 Months of Earnings) |
138.33% (Based on This Year's Estimates)
94.68% (Based on Next Year's Estimates)
|Track Record:||31 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Mercury General Corporation (NYSE MCY)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Mercury General Corporation (NYSE:MCY)
Insider Ownership Percentage: 34.30%Insider Trades by Quarter for Mercury General Corporation (NYSE:MCY)
Institutional Ownership Percentage: 46.98%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/4/2017||Gabriel Tirador||CEO||Sell||2,355||$59.00||$138,945.00|| |
|6/14/2017||Randall R. Petro||VP||Sell||1,672||$55.52||$92,829.44|| |
|3/15/2017||Allan Lubitz||VP||Sell||2,650||$60.03||$159,079.50|| |
|2/22/2017||Christopher Graves||Insider||Sell||9,015||$58.05||$523,320.75|| |
|2/21/2017||Christopher Graves||Insider||Sell||2,985||$58.05||$173,279.25|| |
|11/9/2016||Mike Curtius||Director||Sell||1,500||$56.29||$84,435.00|| |
|3/7/2016||Gabriel Tirador||CEO||Sell||7,500||$54.00||$405,000.00|| |
|3/3/2016||Brandt Minnich||VP||Sell||3,000||$53.82||$161,460.00|| |
|4/30/2015||Mike Curtius||Director||Buy||1,000||$54.97||$54,970.00|| |
|12/9/2014||Allan Lubitz||SVP||Sell||1,100||$59.50||$65,450.00|| |
|12/9/2014||Theodore R Stalick||CFO||Sell||1,950||$59.43||$115,888.50|| |
|12/4/2014||Gabriel Tirador||Director||Sell||2,355||$55.93||$131,715.15|| |
|11/10/2014||Theodore R Stalick||CFO||Sell||20,000||$55.25||$1,105,000.00|| |
|8/13/2014||Allan Lubitz||SVP||Sell||3,750||$50.85||$190,687.50|| |
|8/11/2014||Allan Lubitz||SVP||Sell||3,750||$50.85||$190,687.50|| |
|8/6/2014||Robert Houlihan||VP||Sell||11,250||$50.65||$569,812.50|| |
|12/6/2013||Douglas Menges||VP||Buy||6,000||$49.80||$298,800.00|| |
|11/5/2013||Douglas S Menges||VP||Buy||5,000||$46.68||$233,400.00|| |
|10/31/2013||Theodore R Stalick||CFO||Sell||3,750||$46.57||$174,637.50|| |
|9/13/2013||Gabriel Tirador||Director||Sell||8,925||$46.00||$410,550.00|| |
|9/11/2013||Brandt Minnich||VP||Sell||1,250||$45.39||$56,737.50|| |
|5/21/2013||Brandt Minnich||VP||Sell||1,000||$45.51||$45,510.00|| |
|5/16/2013||John Sutton||VP||Sell||10,000||$45.85||$458,500.00|| |
|5/13/2013||Gabriel Tirador||Director||Sell||4,500||$45.19||$203,355.00|| |
Headline Trends for Mercury General Corporation (NYSE:MCY)
Latest Headlines for Mercury General Corporation (NYSE:MCY)
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Mercury General Corporation (MCY) Chart for Sunday, October, 22, 2017