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NYSE:MCY

Mercury General - MCY Stock Forecast, Price & News

$35.33
+0.31 (+0.89%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$34.63
$35.33
50-Day Range
$31.96
$47.11
52-Week Range
$31.29
$60.67
Volume
499,798 shs
Average Volume
320,846 shs
Market Capitalization
$1.96 billion
P/E Ratio
N/A
Dividend Yield
7.25%
Price Target
N/A

Mercury General MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
6.51% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$4,733 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.70) to $0.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Finance Sector

844th out of 914 stocks

Fire, Marine, & Casualty Insurance Industry

44th out of 50 stocks

MCY stock logo

About Mercury General (NYSE:MCY) Stock

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, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, fire, and other hazards. The company sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals 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.

Wall Street Analyst Weigh In

Separately, TheStreet cut Mercury General from a "b" rating to a "c+" rating in a research note on Friday, May 6th.

Mercury General Price Performance

Shares of MCY traded up $0.31 during trading hours on Thursday, reaching $35.33. The company had a trading volume of 499,798 shares, compared to its average volume of 320,846. Mercury General has a 12-month low of $31.29 and a 12-month high of $60.67. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -5.20 and a beta of 0.39. The firm has a 50 day simple moving average of $41.27 and a 200-day simple moving average of $48.43. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.22.

Mercury General Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be issued a $0.3175 dividend. This represents a $1.27 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, September 14th. Mercury General's dividend payout ratio (DPR) is -37.41%.

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MCY Stock News Headlines

Members of Third Eye Blind Share First Car Memories
Mercury General: Q2 Earnings Insights
Mercury General Corp - Stock News
Mercury General Becomes Oversold (MCY)
Mercury General declares $0.635 dividend
Mercury General Misses Q1 EPS
MCY: Lowering target price to $41.00
See More Headlines
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MCY Company Calendar

Last Earnings
11/01/2021
Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Today
8/18/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
58940010
Employees
4,300
Year Founded
1962

Profitability

Net Income
$247.94 million
Pretax Margin
-13.80%

Debt

Sales & Book Value

Annual Sales
$3.99 billion
Cash Flow
$4.37 per share
Book Value
$30.02 per share

Miscellaneous

Free Float
35,714,000
Market Cap
$1.96 billion
Optionable
Optionable
Beta
0.39

Social Links


Key Executives

  • Mr. George Victor Joseph (Age 100)
    Exec. Chairman
    Comp: $1.66M
  • Mr. Gabriel Tirador (Age 57)
    Pres, CEO & Director
    Comp: $1.7M
  • Mr. Theodore Robert Stalick (Age 59)
    Sr. VP & CFO
    Comp: $1.05M
  • Mr. Christopher Wadewitz Graves (Age 56)
    VP & Chief Investment Officer
    Comp: $769k
  • Mr. Jeffrey Michael Schroeder (Age 45)
    VP & Chief Product Officer
    Comp: $605.69k
  • Mr. Victor George Joseph (Age 35)
    Exec. VP & COO
  • Mr. Abby Hosseini (Age 62)
    VP & Chief Information Officer
  • Mr. Erik Dahl Thompson (Age 53)
    VP of Advter. & PR
  • Mr. Brandt N. Minnich (Age 55)
    VP & Chief Marketing Officer
  • Ms. Heidi C. Sullivan (Age 53)
    VP & Chief Human Capital Officer













MCY Stock - Frequently Asked Questions

How have MCY shares performed in 2022?

Mercury General's stock was trading at $53.06 at the beginning of the year. Since then, MCY stock has decreased by 33.4% and is now trading at $35.33.
View the best growth stocks for 2022 here
.

When is Mercury General's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our MCY earnings forecast
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) posted its quarterly earnings data on Monday, November, 1st. The insurance provider reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.16. The insurance provider had revenue of $975.76 million for the quarter, compared to analysts' expectations of $974.96 million. Mercury General had a negative trailing twelve-month return on equity of 2.01% and a negative net margin of 10.52%. During the same period in the prior year, the business earned $1.23 earnings per share.

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

Mercury General announced a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Thursday, September 15th will be given a dividend of $0.3175 per share on Thursday, September 29th. This represents a $1.27 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for MCY
.

Is Mercury General a good dividend stock?

Mercury General (NYSE:MCY) pays an annual dividend of $2.54 per share and currently has a dividend yield of 7.25%. MCY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for MCY.

What is Gabriel Tirador's approval rating as Mercury General's CEO?

173 employees have rated Mercury General Chief Executive Officer Gabriel Tirador on Glassdoor.com. Gabriel Tirador has an approval rating of 84% among the company's employees.

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), AbbVie (ABBV), AT&T (T), Pfizer (PFE), Altria Group (MO), Chevron (CVX), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA) and Enterprise Products Partners (EPD).

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 variety of retail and institutional investors. Top institutional investors include State Street Corp (2.55%), Renaissance Technologies LLC (2.53%), Goldman Sachs Group Inc. (1.43%), ProShare Advisors LLC (1.15%), Absher Wealth Management LLC (1.00%) and Northern Trust Corp (0.61%). Insiders that own company stock include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Gwyer Braunegg, George Joseph and Joshua Eric Little.
View institutional ownership trends
.

How do I buy shares of Mercury General?

Shares of MCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $35.33.

How much money does Mercury General make?

Mercury General (NYSE:MCY) has a market capitalization of $1.96 billion and generates $3.99 billion in revenue each year. The insurance provider earns $247.94 million in net income (profit) each year or ($6.79) on an earnings per share basis.

How many employees does Mercury General have?

The company employs 4,300 workers across the globe.

When was Mercury General founded?

Mercury General was founded in 1962.

How can I contact Mercury General?

Mercury General's mailing address is 4484 WILSHIRE BOULEVARD, LOS ANGELES CA, 90010. The official website for the company is www.mercuryinsurance.com. The insurance provider can be reached via phone at (323) 937-1060 or via fax at 323-857-7116.

This page (NYSE:MCY) was last updated on 8/18/2022 by MarketBeat.com Staff

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