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.
Industry, Sector and Symbol
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Phone323-937-1060
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$3.38 billion
Profitability
Miscellaneous
Employees4,400
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 paid a dividend of $0.627 per share on Thursday, March 28th. This represents a $2.51 annualized dividend and a yield of 4.97%. 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 earnings results on Monday, February, 11th. The insurance provider reported ($0.26) earnings per share (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 the consensus estimate of $832.44 million. Mercury General had a positive return on equity of 5.91% and a negative net margin of 0.17%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. View Mercury General's Earnings History.
When is Mercury General's next earnings date?
What price target have analysts set for MCY?
1 brokerages have issued 12 month target prices for Mercury General's shares. Their forecasts range from $69.00 to $69.00. On average, they expect Mercury General's share price to reach $69.00 in the next twelve months. This suggests a possible upside of 36.6% 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?
Media headlines about MCY stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Mercury General earned a news impact score of -1.4 on InfoTrie's scale. They also gave media headlines about the insurance provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Who are some of Mercury General's key competitors?
Some companies that are related to Mercury General include W. R. Berkley (WRB), Alleghany (Y), Everest Re Group (RE), American Financial Group (AFG), RenaissanceRe (RNR), Kemper (KMPR), Axis Capital (AXS), Hanover Insurance Group (THG), Selective Insurance Group (SIGI), Enstar Group (ESGR), RLI (RLI), White Mountains Insurance Group (WTM), AmTrust Financial Services (AFSI), National General (NGHC) and ASPEN INS HOLDI/SH (AHL).
What other stocks do shareholders of Mercury General own?
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 a variety of of institutional and retail investors. Top institutional shareholders 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 $50.50.
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?
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)
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.
