NYSE:MCY - Mercury General Stock Price, News, & Analysis

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$50.39 -0.61 (-1.20 %)
(As of 03/22/2019 03:14 PM ET)
Previous Close$51.00
Today's Range$50.06 - $50.83
52-Week Range$43.46 - $61.83
Volume7,942 shs
Average Volume236,406 shs
Market Capitalization$2.79 billion
P/E Ratio27.98
Dividend Yield4.97%
Beta0.24
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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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$3.38 billion
Cash Flow$2.8582 per share
Book Value$29.23 per share

Profitability

Net Income$-5,720,000.00

Miscellaneous

Employees4,400
Market Cap$2.79 billion
Next Earnings Date4/29/2019 (Estimated)
OptionableOptionable

Mercury General (NYSE:MCY) Frequently Asked Questions

What is Mercury General's stock symbol?

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

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

Mercury General declared a quarterly dividend on Monday, February 11th. Investors of record on Thursday, March 14th will be given a dividend of $0.627 per share on Thursday, March 28th. This represents a $2.51 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Wednesday, March 13th. View Mercury General's Dividend History.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) released its quarterly earnings results on Monday, February, 11th. The insurance provider reported ($0.26) EPS for the quarter, missing the Zacks' consensus estimate of $0.74 by $1.00. The insurance provider had revenue of $850.70 million for the quarter, compared to analysts' expectations of $832.44 million. Mercury General had a negative net margin of 0.17% and a positive return on equity of 5.91%. Mercury General's revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. View Mercury General's Earnings History.

When is Mercury General's next earnings date?

Mercury General is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Mercury General.

What price target have analysts set for MCY?

1 brokers have issued 12 month price targets for Mercury General's shares. Their forecasts range from $69.00 to $69.00. On average, they anticipate Mercury General's stock price to reach $69.00 in the next year. This suggests a possible upside of 36.9% from the stock's current price. View Analyst Price Targets for Mercury General.

What is the consensus analysts' recommendation for Mercury General?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mercury General.

Has Mercury General been receiving favorable news coverage?

News stories about MCY stock have trended positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. 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 daily sentiment score of 2.2 on InfoTrie's scale. They also gave headlines about the insurance provider a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future.

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 General Electric (GE), Johnson & Johnson (JNJ), Verizon Communications (VZ), Intel (INTC), AT&T (T), Ford Motor (F), Prospect Capital (PSEC), Omega Healthcare Investors (OHI), The Coca-Cola (KO) and Altria Group (MO).

Who are Mercury General's key executives?

Mercury General's management team includes the folowing people:
  • Mr. Gabriel Tirador, Pres, CEO & Director (Age 54)
  • Mr. Theodore Robert Stalick, Sr. VP & CFO (Age 56)
  • Mr. Christopher Wadewitz Graves, VP & Chief Investment Officer (Age 53)
  • Abby Hosseini, Chief Information Officer & VP (Age 59)
  • Mr. Erik Dahl Thompson, VP of Advter. & PR (Age 50)

Who are Mercury General's major shareholders?

Mercury General's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.56%), Dimensional Fund Advisors LP (3.49%), Norges Bank (1.09%), Victory Capital Management Inc. (1.03%), First Trust Advisors LP (0.94%) and MERIAN GLOBAL INVESTORS UK Ltd (0.75%). Company insiders that own Mercury General stock include Gabriel Tirador, George Gwyer Braunegg, Joshua Eric Little, Mike Curtius and Randall R Petro. 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 Dimensional Fund Advisors LP, Bank of New York Mellon Corp, First Trust Advisors LP, Millennium Management LLC, Northern Trust Corp, GSA Capital Partners LLP, Squarepoint Ops LLC and Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp. View Insider Buying and Selling 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 Norges Bank, WINTON GROUP Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Victory Capital Management Inc., Two Sigma Investments LP, Two Sigma Advisers LP, Canada Pension Plan Investment Board and BlackRock Inc.. Company insiders that have bought Mercury General stock in the last two years include George Gwyer Braunegg and Joshua Eric Little. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $50.39.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.79 billion and generates $3.38 billion in revenue each year. The insurance provider earns $-5,720,000.00 in net income (profit) each year or $1.80 on an earnings per share basis. Mercury General employs 4,400 workers across the globe.

What is Mercury General's official website?

The official website for Mercury General is http://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.


MarketBeat Community Rating for Mercury General (NYSE MCY)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  160 (Vote Outperform)
Underperform Votes:  281 (Vote Underperform)
Total Votes:  441
MarketBeat's community ratings are surveys of what our community members think about Mercury General and other stocks. Vote "Outperform" if you believe MCY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MCY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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