Mercury General Stock Forecast, Price & News

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.

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.

Mercury General is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Mercury General.

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.

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.

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.

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.

Some companies that are related to Mercury General include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Axis Capital (AXS).
View all competitors.

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).

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

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.

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.

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.

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.

One share of MCY stock can currently be purchased for approximately $41.20.

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.

The official website for Mercury General is www.mercuryinsurance.com.

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.