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NYSE:MCYMercury General Stock Price, Forecast & News

$40.23
-0.43 (-1.06 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$39.51
Now: $40.23
$40.46
50-Day Range
$34.15
MA: $39.50
$42.00
52-Week Range
$33.45
Now: $40.23
$65.22
Volume286,021 shs
Average Volume527,720 shs
Market Capitalization$2.23 billion
P/E Ratio49.67
Dividend Yield6.26%
Beta0.35
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.8Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.82 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP58940010
Phone323-937-1060

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.97 billion
Cash Flow$3.77 per share
Book Value$29.33 per share

Profitability

Net Income$320.09 million

Miscellaneous

Employees4,500
Market Cap$2.23 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Mercury General (NYSE:MCY) Frequently Asked Questions

How has Mercury General's stock been impacted by COVID-19 (Coronavirus)?

Mercury General's stock was trading at $39.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MCY stock has increased by 3.0% and is now trading at $40.23. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Mercury General?

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." View analyst ratings for Mercury General.

When is Mercury General's next earnings date?

Mercury General is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Mercury General.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) released its quarterly earnings data on Monday, May, 4th. The insurance provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.88 by $0.19. The insurance provider had revenue of $954.20 million for the quarter, compared to the consensus estimate of $927.89 million. Mercury General had a return on equity of 8.88% and a net margin of 1.23%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. View Mercury General's earnings history.

How often does Mercury General pay dividends? What is the dividend yield for Mercury General?

Mercury General declared a quarterly dividend on Monday, May 4th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.63 per share on Thursday, June 25th. This represents a $2.52 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Wednesday, June 10th. View Mercury General's dividend history.

What price target have analysts set for MCY?

2 brokerages have issued 12 month target prices for Mercury General's stock. Their forecasts range from $50.00 to $50.00. On average, they expect Mercury General's stock price to reach $50.00 in the next year. This suggests a possible upside of 24.3% from the stock's current price. View analysts' price targets for Mercury General.

Has Mercury General been receiving favorable news coverage?

Media headlines about MCY stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercury General earned a coverage optimism score of -1.6 on InfoTrie's scale. They also gave news headlines 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 company's share price in the immediate future. View the latest news aboutMercury General.

Are investors shorting Mercury General?

Mercury General saw a decline in short interest in May. As of May 15th, there was short interest totaling 644,800 shares, a decline of 27.4% from the April 30th total of 887,900 shares. Based on an average daily volume of 362,600 shares, the short-interest ratio is presently 1.8 days. Approximately 2.4% of the company's stock are short sold. View Mercury General's Current Options Chain.

Who are some of Mercury General's key competitors?

What other stocks do shareholders of Mercury General own?

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).

Who are Mercury General's key executives?

Mercury General's management team includes the following 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)

What is Mercury General's stock symbol?

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

Who are Mercury General's major shareholders?

Mercury General's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.27%), State Street Corp (2.05%), Invesco Ltd. (1.46%), AQR Capital Management LLC (1.38%), Bank of New York Mellon Corp (1.00%) and Frontier Investment Mgmt Co. (0.76%). Company insiders that own Mercury General stock include Brandt Minnich, Charles Toney, Gabriel Tirador, George Gwyer Braunegg, George Joseph, Joshua Eric Little and Mike Curtius. 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 Invesco Ltd., BlackRock Inc., Wells Fargo & Company MN, MERIAN GLOBAL INVESTORS UK Ltd, Mackenzie Financial Corp, First Trust Advisors LP, Morgan Stanley, and Morgan Stanley. View insider buying and selling activity for Mercury General.

Which major investors are buying Mercury General stock?

MCY stock was bought by a variety of institutional investors in the last quarter, including Philadelphia Financial Management of San Francisco LLC, Matarin Capital Management LLC, State Street Corp, AQR Capital Management LLC, Semper Augustus Investments Group LLC, Ensign Peak Advisors Inc, Russell Investments Group Ltd., and Mackay Shields LLC. Company insiders that have bought Mercury General stock in the last two years include Brandt Minnich, Gabriel Tirador, George Gwyer Braunegg, George Joseph, and Joshua Eric Little. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $40.23.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.23 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.

What is Mercury General's official website?

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

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.

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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