Mercury General Company Profile (NYSE:MCY)

About Mercury General (NYSE:MCY)

Mercury General logoMercury 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: Property & Casualty Insurance
  • Sub-Industry: Property & Casualty Insurance
  • Symbol: NYSE:MCY
  • CUSIP: 58940010
  • Web: www.mercuryinsurance.com
Capitalization:
  • Market Cap: $3.08 billion
  • Outstanding Shares: 55,311,000
Average Prices:
  • 50 Day Moving Avg: $57.46
  • 200 Day Moving Avg: $58.91
  • 52 Week Range: $49.69 - $64.52
P/E:
  • Trailing P/E Ratio: 40.10
  • Foreward P/E Ratio: 22.00
  • P/E Growth: 1.21
Sales & Book Value:
  • Annual Revenue: $3.25 billion
  • Price / Sales: 0.95
  • Book Value: $31.57 per share
  • Price / Book: 1.76
Dividend:
  • Annual Dividend: $2.49
  • Dividend Yield: 4.5%
Profitability:
  • EBIDTA: $107.53 million
  • Net Margins: 2.26%
  • Return on Equity: 5.30%
  • Return on Assets: 2.01%
Debt:
  • Debt-to-Equity Ratio: 0.18%
  • Current Ratio: 0.45%
  • Quick Ratio: 0.45%
Misc:
  • Average Volume: 167,581 shs.
  • Beta: 0.49
  • Short Ratio: 18.89
 

Frequently Asked Questions for Mercury General (NYSE:MCY)

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, May 1st. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.6225 per share on Thursday, June 29th. This represents a $2.49 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, June 13th. View Mercury General's Dividend History.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) issued its quarterly earnings results on Monday, May, 1st. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.55 by $0.35. The firm earned $811.60 million during the quarter, compared to the consensus estimate of $829.68 million. Mercury General had a net margin of 2.26% and a return on equity of 5.30%. The business's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. View Mercury General's Earnings History.

When will Mercury General make its next earnings announcement?

Mercury General is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Mercury General.

Where is Mercury General's stock going? Where will Mercury General's stock price be in 2017?

1 brokerages have issued twelve-month target prices for Mercury General's shares. Their forecasts range from $51.00 to $51.00. On average, they expect Mercury General's stock price to reach $51.00 in the next year. View Analyst Ratings for Mercury General.

Who are some of Mercury General's key competitors?

Who owns Mercury General stock?

Mercury General's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.34%), Vanguard Group Inc. (4.46%), State Street Corp (4.44%), Dimensional Fund Advisors LP (2.24%), OLD Republic International Corp (1.56%) and Goldman Sachs Group Inc. (0.99%). Company insiders that own Mercury General stock include Allan Lubitz, Brandt Minnich, Christopher Graves, Gabriel Tirador and Mike Curtius. View Institutional Ownership Trends for Mercury General.

Who sold Mercury General stock? Who is selling Mercury General stock?

Mercury General's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Speece Thorson Capital Group Inc., Bank of America Corp DE, Credit Suisse AG, KCG Holdings Inc., American International Group Inc., Turner Investments LLC and BNP Paribas Arbitrage SA. Company insiders that have sold Mercury General stock in the last year include Allan Lubitz, Christopher Graves and Mike Curtius. View Insider Buying and Selling for Mercury General.

Who bought Mercury General stock? Who is buying Mercury General stock?

Mercury General's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., State Street Corp, Vanguard Group Inc., Asset Management One Co. Ltd., First Trust Advisors LP, BlueCrest Capital Management Ltd, Systematic Financial Management LP and Dimensional Fund Advisors LP. View Insider Buying and Selling for Mercury General.

How do I buy Mercury General stock?

Shares of Mercury General can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Mercury General stock cost?

One share of Mercury General stock can currently be purchased for approximately $55.66.

Analyst Ratings

Consensus Ratings for Mercury General (NYSE:MCY) (?)
Ratings Breakdown: 1 Hold Rating
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $51.00 (8.37% downside)

Analysts' Ratings History for Mercury General (NYSE:MCY)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/2/2016Compass PointLower Price TargetNeutral$55.00 -> $51.00N/AView Rating Details
2/19/2016Raymond James Financial, Inc.UpgradeUnderperform -> Market PerformN/AView Rating Details
11/2/2015Keefe, Bruyette & WoodsDowngradeMarket Perform -> Underperform$50.00N/AView Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for Mercury General (NYSE:MCY)
Earnings by Quarter for Mercury General (NYSE:MCY)
Earnings History by Quarter for Mercury General (NYSE:MCY)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/31/2017        
5/1/2017Q1 2017$0.55$0.20$829.68 million$811.60 millionViewListenView Earnings Details
2/6/2017Q416$0.56$0.58$827.04 million$768.08 millionViewListenView Earnings Details
10/31/2016Q316$0.57$0.67$785.88 million$808.20 millionViewListenView Earnings Details
8/1/2016Q216$0.59$0.35$811.11 million$858.00 millionViewN/AView Earnings Details
5/2/2016Q116$0.67$0.13$794.64 million$797.70 millionViewN/AView Earnings Details
2/8/2016Q415$0.49$0.52$782.54 million$746.40 millionViewN/AView Earnings Details
11/2/2015Q315$0.58$0.59$760.91 million$779.00 millionViewN/AView Earnings Details
8/3/2015Q215$0.69$0.64$753.00 million$733.54 millionViewN/AView Earnings Details
4/27/2015Q115$0.70$0.59$751.91 million$740.50 millionViewN/AView Earnings Details
2/9/2015Q414$0.39($0.13)$741.44 million$697.30 millionViewN/AView Earnings Details
11/3/2014Q314$0.61$0.81$742.90 million$720.00 millionViewN/AView Earnings Details
7/28/2014Q214$0.67$0.83$733.20 million$698.80 millionViewN/AView Earnings Details
4/28/2014Q114$0.63$0.77$718.44 million$724.70 millionViewN/AView Earnings Details
2/10/2014Q413$0.54$0.33$718.30 million$668.10 millionViewN/AView Earnings Details
10/28/2013Q313$0.65$0.53$710.70 million$704.90 millionViewN/AView Earnings Details
7/29/2013Q2 2013$0.62$0.63$713.40 million$642.57 millionViewN/AView Earnings Details
4/29/2013Q1 2013$0.47$0.69$703.27 million$690.50 millionViewN/AView Earnings Details
2/4/2013Q4 2012$0.28($0.17)$695.59 million$655.80 millionViewN/AView Earnings Details
10/29/2012Q312$0.57$0.62$690.34 million$684.90 millionViewN/AView Earnings Details
7/30/2012$0.67$0.19ViewN/AView Earnings Details
4/30/2012$0.69$0.71ViewN/AView Earnings Details
2/6/2012$0.69$0.59ViewN/AView Earnings Details
10/31/2011$0.69$0.72ViewN/AView Earnings Details
8/1/2011$0.64$0.76ViewN/AView Earnings Details
5/2/2011$0.56$0.72ViewN/AView Earnings Details
2/7/2011$0.70($0.15)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Mercury General (NYSE:MCY)
Current Year EPS Consensus Estimate: $1.98 EPS
Next Year EPS Consensus Estimate: $2.53 EPS

Dividends

Current Dividend Information for Mercury General (NYSE:MCY)
Next Dividend:6/29/2017
Annual Dividend:$2.49
Dividend Yield:4.47%
Dividend Growth:0.40% (3 Year Average)
Payout Ratio:188.64% (Trailing 12 Months of Earnings)
125.76% (Based on This Year's Estimates)
98.42% (Based on Next Year's Estimates)
Track Record:31 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Mercury General (NYSE:MCY)

Dividend History by Quarter for Mercury General (NYSE:MCY)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
5/1/2017quarterly$0.624.36%6/13/20176/15/20176/29/2017
2/6/2017quarterly$0.624.26%3/14/20173/16/20173/30/2017
10/31/2016quarterly$0.624.57%12/13/201612/15/201612/29/2016
8/1/2016quarterly$0.624.66%9/13/20169/15/20169/29/2016
5/2/2016quarterly$0.624.73%6/14/20166/16/20166/30/2016
2/8/2016quarterly$0.625.06%3/15/20163/17/20163/31/2016
11/2/2015quarterly$0.6212/11/201512/15/201512/29/2015
8/3/2015quarterly$0.629/8/20159/10/20159/24/2015
4/27/2015quarterly$0.624.39%6/9/20156/11/20156/25/2015
2/9/2015quarterly$0.624.62%3/13/20153/17/20153/31/2015
11/3/2014quarterly$0.624.47%12/10/201412/12/201412/26/2014
7/28/2014quarterly$0.624.96%9/9/20149/11/20149/25/2014
4/28/2014quarterly$0.625.17%6/10/20146/12/20146/26/2014
2/10/2014quarterly$0.625.71%3/13/20143/17/20143/31/2014
10/28/2013quarterly$0.625.16%12/10/201312/12/201312/26/2013
7/29/2013quarterly$0.615.59%9/10/20139/12/20139/26/2013
4/29/2013quarterly$0.615.36%6/11/20136/13/20136/27/2013
2/4/2013quarterly$0.616.49%3/12/20133/14/20133/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Mercury General (NYSE:MCY)
Insider Ownership Percentage: 34.40%
Institutional Ownership Percentage: 43.83%
Insider Trades by Quarter for Mercury General (NYSE:MCY)
Institutional Ownership by Quarter for Mercury General (NYSE:MCY)
Insider Trades by Quarter for Mercury General (NYSE:MCY)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/15/2017Allan LubitzVPSell2,650$60.03$159,079.50View SEC Filing  
2/22/2017Christopher GravesInsiderSell9,015$58.05$523,320.75View SEC Filing  
2/21/2017Christopher GravesInsiderSell2,985$58.05$173,279.25View SEC Filing  
11/9/2016Mike CurtiusDirectorSell1,500$56.29$84,435.00View SEC Filing  
3/7/2016Gabriel TiradorCEOSell7,500$54.00$405,000.00View SEC Filing  
3/3/2016Brandt MinnichVPSell3,000$53.82$161,460.00View SEC Filing  
4/30/2015Mike CurtiusDirectorBuy1,000$54.97$54,970.00View SEC Filing  
12/9/2014Allan LubitzSVPSell1,100$59.50$65,450.00View SEC Filing  
12/9/2014Theodore R StalickCFOSell1,950$59.43$115,888.50View SEC Filing  
12/4/2014Gabriel TiradorDirectorSell2,355$55.93$131,715.15View SEC Filing  
11/10/2014Theodore R StalickCFOSell20,000$55.25$1,105,000.00View SEC Filing  
8/13/2014Allan LubitzSVPSell3,750$50.85$190,687.50View SEC Filing  
8/11/2014Allan LubitzSVPSell3,750$50.85$190,687.50View SEC Filing  
8/6/2014Robert HoulihanVPSell11,250$50.65$569,812.50View SEC Filing  
12/6/2013Douglas MengesVPBuy6,000$49.80$298,800.00View SEC Filing  
11/5/2013Douglas S MengesVPBuy5,000$46.68$233,400.00View SEC Filing  
10/31/2013Theodore R StalickCFOSell3,750$46.57$174,637.50View SEC Filing  
9/13/2013Gabriel TiradorDirectorSell8,925$46.00$410,550.00View SEC Filing  
9/11/2013Brandt MinnichVPSell1,250$45.39$56,737.50View SEC Filing  
5/21/2013Brandt MinnichVPSell1,000$45.51$45,510.00View SEC Filing  
5/16/2013John SuttonVPSell10,000$45.85$458,500.00View SEC Filing  
5/13/2013Gabriel TiradorDirectorSell4,500$45.19$203,355.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Mercury General (NYSE:MCY)
Latest Headlines for Mercury General (NYSE:MCY)
Source:
DateHeadline
finance.yahoo.com logoMercury Insurance is Ready to Help Customers Impacted by Oklahoma Tornadoes and Storms
finance.yahoo.com - May 24 at 6:32 PM
finance.yahoo.com logoForbes Names Mercury Insurance One of 'America's Best Employers'
finance.yahoo.com - May 9 at 6:11 PM
americanbankingnews.com logoMercury General Co. (MCY) Downgraded by Zacks Investment Research
www.americanbankingnews.com - May 4 at 1:16 AM
americanbankingnews.com logoMercury General Co. (MCY) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - May 4 at 1:16 AM
americanbankingnews.com logoMercury General (MCY) Receives Daily Media Sentiment Rating of 0.01
www.americanbankingnews.com - May 2 at 11:32 PM
finance.yahoo.com logoEdited Transcript of MCY earnings conference call or presentation 1-May-17 5:00pm GMT
finance.yahoo.com - May 2 at 7:29 PM
finance.yahoo.com logoMercury General Corp. breached its 50 day moving average in a Bearish Manner : MCY-US : May 2, 2017
finance.yahoo.com - May 2 at 7:29 PM
americanbankingnews.com logoMercury General Co. (MCY) Announces Earnings Results
www.americanbankingnews.com - May 1 at 6:22 PM
finance.yahoo.com logoMercury General Corporation Announces First Quarter Results and Declares Quarterly Dividend
finance.yahoo.com - May 1 at 5:30 PM
americanbankingnews.com logoMercury General Co. (MCY) to Issue Quarterly Dividend of $0.62
www.americanbankingnews.com - May 1 at 2:02 PM
marketbeat.com logoMercury General posts 1Q profit
marketbeat.com - May 1 at 8:54 AM
americanbankingnews.com logoMercury General (MCY) Receiving Somewhat Favorable Media Coverage, Analysis Shows
www.americanbankingnews.com - April 28 at 4:42 PM
americanbankingnews.com logoAnalysts Expect Mercury General Co. (MCY) to Post $0.55 EPS
www.americanbankingnews.com - April 28 at 10:04 AM
americanbankingnews.com logoMercury General (MCY) Getting Somewhat Favorable News Coverage, Report Finds
www.americanbankingnews.com - April 24 at 6:32 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Likely to Affect Mercury General (MCY) Stock Price
www.americanbankingnews.com - April 18 at 12:35 AM
americanbankingnews.com logoMercury General Co. (MCY) Upgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - April 15 at 11:40 AM
finance.yahoo.com logoMercury General Corp. breached its 50 day moving average in a Bearish Manner : MCY-US : April 14, 2017
finance.yahoo.com - April 14 at 8:47 AM
americanbankingnews.com logoMercury General (MCY) Earns Daily Media Impact Rating of 0.26
www.americanbankingnews.com - April 13 at 8:14 PM
finance.yahoo.com logoMercury General Corporation To Report First Quarter Results On May 1, 2017
finance.yahoo.com - April 7 at 6:58 PM
finance.yahoo.com logoMercury General Corp. breached its 50 day moving average in a Bearish Manner : MCY-US : April 4, 2017
finance.yahoo.com - April 7 at 11:05 AM
finance.yahoo.com logoMercury General Corp. : MCY-US: Dividend Analysis : March 16th, 2017 (record date) : By the numbers : April 5, 2017
finance.yahoo.com - April 7 at 11:05 AM
finance.yahoo.com logoMercury Insurance Is Ready To Help Customers Impacted By Tornadoes And Hail In Florida, Georgia And Texas
finance.yahoo.com - April 7 at 11:05 AM
americanbankingnews.com logo Analysts Set $50.00 Target Price for Mercury General Co. (MCY)
www.americanbankingnews.com - March 30 at 12:07 PM
americanbankingnews.com logoMercury General Co. (MCY) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - March 23 at 11:57 PM
finance.yahoo.com logoCalifornians Are Now Able to Purchase Mercury Insurance Renters Coverage Online
finance.yahoo.com - March 15 at 6:42 PM
prnewswire.com logoMercury General Corporation Announces Public Offering of $375 ... - PR Newswire (press release)
www.prnewswire.com - March 3 at 4:44 AM
finance.yahoo.com logoMercury General (MCY) Prices Senior Notes Worth $375 Million
finance.yahoo.com - March 2 at 9:41 AM
finance.yahoo.com logo5:02 pm Mercury General prices $375 mln of its 4.400% Senior Notes due 2027 in an underwritten public offering at 99.847% of par
finance.yahoo.com - March 1 at 11:30 PM
biz.yahoo.com logoMERCURY GENERAL CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
us.rd.yahoo.com - March 1 at 11:00 AM
finance.yahoo.com logoMercury Insurance Launches Ride-Hailing Insurance for Georgia's Uber & Lyft Drivers
finance.yahoo.com - February 28 at 6:35 PM
finance.yahoo.com logoMercury Insurance Launches Ride-Hailing Insurance for Texas Uber & Lyft Drivers
finance.yahoo.com - February 28 at 6:35 PM
reuters.com logoFitch Revises Mercury General's Ratings Outlook to Negative
www.reuters.com - February 17 at 7:26 PM
finance.yahoo.com logoMERCURY GENERAL CORP Financials
finance.yahoo.com - February 16 at 6:03 PM
biz.yahoo.com logoMERCURY GENERAL CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - February 9 at 7:27 PM
biz.yahoo.com logoMERCURY GENERAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Change in Directors or Princi
us.rd.yahoo.com - February 8 at 5:49 AM
nasdaq.com logoMCY Breaks Above 4% Yield Territory - Nasdaq - Nasdaq
www.nasdaq.com - February 7 at 6:28 AM
finance.yahoo.com logoEdited Transcript of MCY earnings conference call or presentation 6-Feb-17 6:00pm GMT
finance.yahoo.com - February 7 at 6:28 AM
nasdaq.com logoMercury General Corp. Q4 Earnings Climb 11% - NASDAQ.com - Nasdaq
www.nasdaq.com - February 6 at 6:35 PM
biz.yahoo.com logoQ4 2016 Mercury General Corp Earnings Release - Before Market Open
us.rd.yahoo.com - February 6 at 10:01 AM
us.rd.yahoo.com logoMercury General Corporation Announces Fourth Quarter and Fiscal 2016 Results and Declares Quarterly Dividend
us.rd.yahoo.com - February 6 at 10:01 AM
finance.yahoo.com logoCar Shoppers Can Save Money with These 10 Most Affordable 2017 Vehicles to Insure
finance.yahoo.com - January 31 at 7:24 PM
seekingalpha.com logoVF Corp. Leads Champion Dividend Dog New Year Gains
seekingalpha.com - January 23 at 6:44 PM
finance.yahoo.com logoShould Cincinnati Financial (CINF) Stock be in Your Portfolio?
finance.yahoo.com - January 19 at 8:28 PM
finance.yahoo.com logoMercury General Corporation To Report Results On February 6, 2017
finance.yahoo.com - January 13 at 7:45 PM
finance.yahoo.com logoZacks Industry Outlook Highlights: Mercury General, State National Companies, Markel and RLI
finance.yahoo.com - January 6 at 7:07 PM
biz.yahoo.com logoMERCURY GENERAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial O
biz.yahoo.com - January 3 at 10:22 PM

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Chart

Mercury General (MCY) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff