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NYSE:MCY

Mercury General Stock Forecast, Price & News

$42.45
-0.28 (-0.66 %)
(As of 09/22/2020 12:00 AM ET)
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Today's Range
$42.37
Now: $42.45
$43.44
50-Day Range
$42.51
MA: $44.63
$46.18
52-Week Range
$33.45
Now: $42.45
$56.43
Volume163,339 shs
Average Volume325,308 shs
Market Capitalization$2.35 billion
P/E Ratio12.38
Dividend Yield5.90%
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$3.68 per share
Book Value$32.51 per share

Profitability

Net Income$320.09 million

Miscellaneous

Employees4,500
Market Cap$2.35 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$42.45
-0.28 (-0.66 %)
(As of 09/22/2020 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 8.7% and is now trading at $42.45.
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 earnings results on Monday, August, 3rd. The insurance provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $1.52. The insurance provider earned $818.50 million during the quarter, compared to the consensus estimate of $840.71 million. Mercury General had a return on equity of 12.34% and a net margin of 5.15%. The firm's revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the company 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 paid a dividend of $0.63 per share on Tuesday, September 29th. This represents a $2.52 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Monday, September 14th.
View Mercury General's dividend history
.

What price target have analysts set for MCY?

2 brokers have issued 12-month target prices for Mercury General's stock. 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 17.8% from the stock's current price.
View analysts' price targets for Mercury General
.

Are investors shorting Mercury General?

Mercury General saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 559,000 shares, a decline of 15.4% from the August 15th total of 661,000 shares. Based on an average daily volume of 269,800 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.1% of the company's shares are short sold.
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 NVIDIA (NVDA).

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 institutional and retail 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 institutional 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 institutional 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 $42.45.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.35 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 9/23/2020 by MarketBeat.com Staff

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