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NYSE:MCY

Mercury General - MCY Stock Forecast, Price & News

$29.92
-0.84 (-2.73%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$29.91
$30.95
50-Day Range
$29.86
$38.81
52-Week Range
$27.89
$56.21
Volume
193,255 shs
Average Volume
316,523 shs
Market Capitalization
$1.66 billion
P/E Ratio
N/A
Dividend Yield
4.24%
Price Target
$45.00

Mercury General MarketRank™ Forecast

Analyst Rating
Strong Buy
4.00 Rating Score
Upside/​Downside
50.4% Upside
$45.00 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$7,462 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

1.99 out of 5 stars

Finance Sector

652nd out of 872 stocks

Fire, Marine, & Casualty Insurance Industry

30th out of 45 stocks


MCY stock logo

About Mercury General (NYSE:MCY) Stock

Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobile and related insurance products such as homeowners, commercial automobile and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.

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MCY Stock News Headlines

"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Mercury General's Earnings: A Preview
2 Stocks to Protect Yourself from a Recession
See More Headlines
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MCY Company Calendar

Last Earnings
11/01/2021
Ex-Dividend for 12/29 Dividend
12/14/2022
Dividend Payable
12/29/2022
Ex-Dividend for 3/29 Dividend
3/14/2023
Today
3/22/2023
Dividend Payable
3/29/2023
Next Earnings (Estimated)
5/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$45.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+50.4%
Consensus Rating
Strong Buy
Rating Score (0-4)
4.00
Research Coverage
1 Analysts

Profitability

Net Income
$-512,670,000.00
Pretax Margin
-18.41%

Debt

Sales & Book Value

Annual Sales
$3.64 billion
Book Value
$27.49 per share

Miscellaneous

Free Float
35,714,000
Market Cap
$1.66 billion
Optionable
Optionable
Beta
0.59

Social Links


Key Executives

  • Gabriel Tirador
    President, Chief Executive Officer & Director
  • Victor Joseph
    Chief Operating Officer & Executive Vice President
  • Theodore Robert Stalick
    Chief Financial Officer & Senior Vice President
  • Abby Hosseini
    Chief Information Officer & Vice President
  • Charles Toney
    Chief Actuary & Vice President













MCY Stock - Frequently Asked Questions

Should I buy or sell Mercury General stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last twelve months. There are currently 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "strong buy" MCY shares.
View MCY analyst ratings
or view top-rated stocks.

What is Mercury General's stock price forecast for 2023?

1 Wall Street research analysts have issued 12-month price targets for Mercury General's shares. Their MCY share price forecasts range from $45.00 to $45.00. On average, they predict the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 50.4% from the stock's current price.
View analysts price targets for MCY
or view top-rated stocks among Wall Street analysts.

How have MCY shares performed in 2023?

Mercury General's stock was trading at $34.20 at the start of the year. Since then, MCY shares have decreased by 12.5% and is now trading at $29.92.
View the best growth stocks for 2023 here
.

Are investors shorting Mercury General?

Mercury General saw a decrease in short interest during the month of February. As of February 15th, there was short interest totaling 538,900 shares, a decrease of 23.5% from the January 31st total of 704,700 shares. Based on an average trading volume of 287,900 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.0% of the shares of the company are short sold.
View Mercury General's Short Interest
.

When is Mercury General's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our MCY earnings forecast
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) posted its quarterly earnings results 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 earned $975.76 million during the quarter, compared to analyst estimates of $974.96 million. Mercury General had a negative net margin of 14.07% and a negative trailing twelve-month return on equity of 7.66%. During the same quarter in the prior year, the business posted $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 Tuesday, February 14th. Investors of record on Wednesday, March 15th will be given a dividend of $0.317 per share on Wednesday, March 29th. This represents a $1.27 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, March 14th.
Read our dividend analysis for MCY
.

Is Mercury General a good dividend stock?

Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 4.23%. 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 number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.25%), Dimensional Fund Advisors LP (2.21%), Charles Schwab Investment Management Inc. (1.49%), Absher Wealth Management LLC (1.14%), Millennium Management LLC (1.04%) and Morgan Stanley (0.99%). Insiders that own company stock include Abby Hosseini, Brandt Minnich, Gabriel Tirador, 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 $29.92.

How much money does Mercury General make?

Mercury General (NYSE:MCY) has a market capitalization of $1.66 billion and generates $3.64 billion in revenue each year. The insurance provider earns $-512,670,000.00 in net income (profit) each year or ($9.26) on an earnings per share basis.

How many employees does Mercury General have?

The company employs 4,300 workers across the globe.

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 3/22/2023 by MarketBeat.com Staff