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NYSE:MCY

Mercury General Stock Forecast, Price & News

$41.20
+0.02 (+0.05 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$40.81
Now: $41.20
$41.33
50-Day Range
$41.18
MA: $44.52
$46.18
52-Week Range
$33.45
Now: $41.20
$56.43
Volume176,855 shs
Average Volume322,940 shs
Market Capitalization$2.28 billion
P/E Ratio12.01
Dividend Yield6.12%
Beta0.32
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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Mercury General logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.8Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.57 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$3.57 per share
Book Value$32.51 per share

Profitability

Net Income$320.09 million

Miscellaneous

Employees4,500
Market Cap$2.28 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$41.20
+0.02 (+0.05 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MCY shares have increased by 5.5% and is now trading at $41.20.
View which stocks have been most impacted by COVID-19
.

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, October 26th 2020.
View our earnings forecast for Mercury General
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) issued its quarterly earnings data on Monday, August, 3rd. The insurance provider reported $1.86 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.34 by $1.52. The insurance provider earned $818.50 million during the quarter, compared to analysts' expectations of $840.71 million. Mercury General had a return on equity of 12.34% and a net margin of 5.15%. The company's revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share.
View Mercury General's earnings history
.

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

Mercury General announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.63 per share on Tuesday, September 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Monday, September 14th.
View Mercury General's dividend history
.

What price target have analysts set for MCY?

2 brokers have issued 1 year price targets for Mercury General's shares. Their forecasts range from $50.00 to $50.00. On average, they expect Mercury General's share price to reach $50.00 in the next twelve months. This suggests a possible upside of 21.4% from the stock's current price.
View analysts' price targets for Mercury General
.

Are investors shorting Mercury General?

Mercury General saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 662,200 shares, an increase of 18.5% from the August 31st total of 559,000 shares. Based on an average daily volume of 251,700 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.5% of the company's shares are sold short.
View Mercury General's Short Interest
.

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), AbbVie (ABBV), Pfizer (PFE), Altria Group (MO), Walgreens Boots Alliance (WBA), Chevron (CVX), Consolidated Edison (ED) and Enterprise Products Partners (EPD).

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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.77%), Bank of New York Mellon Corp (1.01%), Goldman Sachs Group Inc. (0.98%), Absher Wealth Management LLC (0.92%), Frontier Investment Mgmt Co. (0.84%) and Charles Schwab Investment Management Inc. (0.75%). Company insiders that own Mercury General stock include Abby Hosseini, 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 AQR Capital Management LLC, Goldman Sachs Group Inc., Nuveen Asset Management LLC, Vanguard Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, WINTON GROUP Ltd, Man Group plc, and D.A. Davidson & CO..
View insider buying and selling activity 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 Assenagon Asset Management S.A., LSV Asset Management, Jacobs Levy Equity Management Inc., Absher Wealth Management LLC, Charles Schwab Investment Management Inc., Principal Financial Group Inc., Principal Financial Group Inc., and Raymond James & Associates. Company insiders that have bought Mercury General stock in the last two years include Abby Hosseini, 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 $41.20.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.28 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 9/26/2020 by MarketBeat.com Staff

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