Mercury General Stock Price, News & Analysis (NYSE:MCY)

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

Mercury General declared a quarterly dividend on Monday, July 29th. Investors of record on Thursday, September 12th will be paid a dividend of $0.6275 per share on Thursday, September 26th. This represents a $2.51 annualized dividend and a yield of 4.53%. The ex-dividend date is Wednesday, September 11th. View Mercury General's Dividend History.

Mercury General Co. (NYSE:MCY) posted its quarterly earnings data on Monday, July, 29th. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.17. The insurance provider had revenue of $936.10 million for the quarter, compared to analysts' expectations of $922.34 million. Mercury General had a return on equity of 7.97% and a net margin of 5.28%. Mercury General's revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. View Mercury General's Earnings History.

Mercury General is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Mercury General.

1 brokers have issued 1-year price objectives for Mercury General's shares. Their predictions range from $69.00 to $69.00. On average, they anticipate Mercury General's share price to reach $69.00 in the next year. This suggests a possible upside of 24.5% from the stock's current price. View Analyst Price Targets 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.

News articles about MCY stock have been trending somewhat negative on Sunday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Mercury General earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave press coverage about the insurance provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Mercury General.

Mercury General saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 529,500 shares, a drop of 25.2% from the July 31st total of 708,200 shares. Based on an average trading volume of 251,600 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.9% of the company's shares are short sold. View Mercury General's Current Options Chain.

Some companies that are related to Mercury General include Alleghany (Y), Everest Re Group (RE), American Financial Group (AFG), RenaissanceRe (RNR), Axis Capital (AXS), Hanover Insurance Group (THG), Kemper (KMPR), Selective Insurance Group (SIGI), RLI (RLI), Enstar Group (ESGR), White Mountains Insurance Group (WTM), National General (NGHC), Kinsale Capital Group (KNSL), ProAssurance (PRA) and Horace Mann Educators (HMN).

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), Prospect Capital (PSEC), The Coca-Cola (KO), Altria Group (MO), Alibaba Group (BABA), Chevron (CVX) and Omega Healthcare Investors (OHI).

Mercury General's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.75%), BlackRock Inc. (4.39%), Renaissance Technologies LLC (3.11%), Invesco Ltd. (2.98%), Vaughan Nelson Investment Management L.P. (1.46%) and Westwood Holdings Group Inc. (1.40%). Company insiders that own Mercury General stock include Charles Toney, George Gwyer Braunegg, 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 Westwood Holdings Group Inc., Victory Capital Management Inc., Vaughan Nelson Investment Management L.P., KBC Group NV, Paloma Partners Management Co, Bank of America Corp DE, Wells Fargo & Company MN and First Trust Advisors LP. Company insiders that have sold Mercury General company stock in the last year include Charles Toney and Mike Curtius. View Insider Buying and Selling for Mercury General.

MCY stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Renaissance Technologies LLC, JPMorgan Chase & Co., Invesco Ltd., WBI Investments Inc., AQR Capital Management LLC, Man Group plc and Prudential Financial 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.

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 $55.44.

Mercury General has a market capitalization of $3.07 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.View Additional Information About Mercury General.

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