NYSE:MCY - Mercury General Stock Price, Forecast & News

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

Mercury General announced a quarterly dividend on Monday, October 28th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.63 per share on Thursday, December 26th. This represents a $2.52 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a positive change from Mercury General's previous quarterly dividend of $0.63. View Mercury General's Dividend History.

Mercury General Co. (NYSE:MCY) posted its earnings results on Monday, October, 28th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.00 by $0.22. The insurance provider earned $983.10 million during the quarter, compared to analysts' expectations of $968.71 million. Mercury General had a return on equity of 6.81% and a net margin of 5.43%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. View Mercury General's Earnings History.

Mercury General is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Mercury General.

Mercury General will be holding an earnings conference call on Monday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

1 Wall Street analysts have issued twelve-month price targets 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 twelve months. This suggests a possible upside of 4.4% from the stock's current price. View Analyst Price Targets 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 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Mercury General.

News articles about MCY stock have trended very negative on Friday, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mercury General earned a coverage optimism score of -3.6 on InfoTrie's scale. They also gave news coverage about the insurance provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Mercury General.

Mercury General saw a increase in short interest in the month of December. As of December 13th, there was short interest totalling 567,200 shares, an increase of 11.0% from the November 28th total of 510,800 shares. Based on an average trading volume of 201,000 shares, the short-interest ratio is currently 2.8 days. Currently, 2.1% of the shares of the company are sold short. View Mercury General's Current Options Chain.

Some companies that are related to Mercury General include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Arch Capital Group (ACGL), Cincinnati Financial (CINF), Markel (MKL), Fidelity National Financial (FNF), W. R. Berkley (WRB), Cna Financial (CNA), Erie Indemnity (ERIE), Old Republic International (ORI), First American Financial (FAF), Hanover Insurance Group (THG) and Axis Capital (AXS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercury General investors own include Altria Group (MO), Exxon Mobil (XOM), Johnson & Johnson (JNJ), The Coca-Cola (KO), AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Intel (INTC), Chevron (CVX) and General Electric (GE).

Mercury General's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Foundations Investment Advisors LLC (0.06%), Nisa Investment Advisors LLC (0.03%), 6 Meridian (0.02%), Murphy Middleton Hinkle & Parker Inc. (0.01%), State of Alaska Department of Revenue (0.01%) and FNY Investment Advisers LLC (0.01%). Company insiders that own Mercury General stock include Charles Toney, George Gwyer Braunegg, 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 Murphy Middleton Hinkle & Parker Inc. and State of Alaska Department of Revenue. View Insider Buying and Selling for Mercury General.

MCY stock was purchased by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, Nisa Investment Advisors LLC, Foundations Investment Advisors LLC and 6 Meridian. 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.

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 $47.90.

Mercury General has a market capitalization of $2.65 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.View Additional Information About Mercury General.

The official website for Mercury General is http://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.