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, fire, and umbrella insurance. Its automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners' insurance products cover dwelling, liability, personal property, fire, and other hazards. The company sells its policies through a network of independent agents, 100% owned insurance agents, and direct channels 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.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Phone323-937-1060
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.38 billion
Profitability
Miscellaneous
Employees4,400
Next Earnings Date7/29/2019 (Estimated)
OptionableOptionable
Mercury General (NYSE:MCY) Frequently Asked Questions
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 declared a quarterly dividend on Monday, April 29th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.6275 per share on Thursday, June 27th. This represents a $2.51 annualized dividend and a yield of 4.51%. The ex-dividend date is Wednesday, June 12th. This is a boost from Mercury General's previous quarterly dividend of $0.63. View Mercury General's Dividend History.
How were Mercury General's earnings last quarter?
Mercury General Co. (NYSE:MCY) issued its quarterly earnings data on Monday, April, 29th. The insurance provider reported $0.87 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.77 by $0.10. The insurance provider earned $919.50 million during the quarter, compared to the consensus estimate of $917.25 million. Mercury General had a net margin of 4.78% and a return on equity of 8.50%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $0.07 earnings per share. View Mercury General's Earnings History.
When is Mercury General's next earnings date?
What price target have analysts set for MCY?
1 equities research analysts have issued 1 year price objectives for Mercury General's stock. Their predictions range from $69.00 to $69.00. On average, they anticipate Mercury General's stock price to reach $69.00 in the next year. This suggests a possible upside of 24.0% from the stock's current price. View Analyst Price Targets for Mercury General.
What is the consensus analysts' recommendation for Mercury General?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercury General.
Has Mercury General been receiving favorable news coverage?
News coverage about MCY stock has trended somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mercury General earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the insurance provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future.
Who are some of Mercury General's key competitors?
Some companies that are related to Mercury General include W. R. Berkley (WRB), Everest Re Group (RE), Alleghany (Y), American Financial Group (AFG), RenaissanceRe (RNR), Kemper (KMPR), Hanover Insurance Group (THG), Axis Capital (AXS), Selective Insurance Group (SIGI), Enstar Group (ESGR), RLI (RLI), White Mountains Insurance Group (WTM), AmTrust Financial Services (AFSI), National General (NGHC) and ASPEN INS HOLDI/SH (AHL).
What other stocks do shareholders of Mercury General own?
Who are Mercury General's key executives?
Mercury General's management team includes the folowing people:
- Mr. Theodore Robert Stalick, Sr. VP & CFO (Age 56)
- Mr. Christopher Wadewitz Graves, VP & Chief Investment Officer (Age 53)
- Mr. Gabriel Tirador, Pres, CEO & Director (Age 54)
- Abby Hosseini, Chief Information Officer & VP (Age 59)
- Mr. Erik Dahl Thompson, VP of Advter. & PR (Age 50)
Who are Mercury General's major shareholders?
Mercury General's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.37%), Dimensional Fund Advisors LP (3.36%), Renaissance Technologies LLC (2.74%), Westwood Holdings Group Inc. (1.76%), Goldman Sachs Group Inc. (1.67%) and Vaughan Nelson Investment Management L.P. (1.59%). Company insiders that own Mercury General stock include Gabriel Tirador, George Gwyer Braunegg, Joshua Eric Little, Mike Curtius and Randall R Petro. View Institutional Ownership Trends for Mercury General.
Which major investors are selling Mercury General stock?
MCY stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Robeco Institutional Asset Management B.V., Marshall Wace LLP, Goldman Sachs Group Inc., BlackRock Inc., Federated Investors Inc. PA, Victory Capital Management Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Mercury General.
Which major investors are buying Mercury General stock?
MCY stock was acquired by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Westwood Holdings Group Inc., GWM Advisors LLC, Renaissance Technologies LLC, Man Group plc, MERIAN GLOBAL INVESTORS UK Ltd, BNP Paribas Arbitrage SA and IndexIQ Advisors LLC. Company insiders that have bought Mercury General stock in the last two years include George Gwyer Braunegg and Joshua Eric Little. View Insider Buying and Selling for Mercury General.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Mercury General's stock price today?
One share of MCY stock can currently be purchased for approximately $55.66.
How big of a company is Mercury General?
Mercury General has a market capitalization of $3.08 billion and generates $3.38 billion in revenue each year. The insurance provider earns $-5,720,000.00 in net income (profit) each year or $1.80 on an earnings per share basis. Mercury General employs 4,400 workers across the globe.
What is Mercury General's official website?
How can I contact Mercury General?
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.
MarketBeat Community Rating for Mercury General (NYSE MCY)
MarketBeat's community ratings are surveys of what our community members think about Mercury General and other stocks. Vote "Outperform" if you believe MCY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCY will underperform the S&P 500 over the long term. You may vote once every thirty days.
