Mercury General - MCY Stock Forecast, Price & News

1 Wall Street 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 research analysts is that investors should "strong buy" MCY shares.
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1 Wall Street research analysts have issued 12 month price objectives for Mercury General's stock. Their MCY share price forecasts range from $45.00 to $45.00. On average, they anticipate the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 30.1% from the stock's current price.
View analysts price targets for MCY or view top-rated stocks among Wall Street analysts.

Mercury General's stock was trading at $34.20 on January 1st, 2023. Since then, MCY stock has increased by 1.2% and is now trading at $34.60.
View the best growth stocks for 2023 here.

Mercury General saw a drop in short interest during the month of January. As of January 15th, there was short interest totaling 616,800 shares, a drop of 20.4% from the December 31st total of 775,000 shares. Based on an average trading volume of 323,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.3% of the shares of the company are short sold.
View Mercury General's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our MCY earnings forecast.

Mercury General Co. (NYSE:MCY) posted its quarterly earnings data on Tuesday, November, 1st. The insurance provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.83. The insurance provider earned $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. Mercury General had a negative net margin of 13.43% and a negative trailing twelve-month return on equity of 3.28%.

Mercury General announced a quarterly dividend on Tuesday, November 1st. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.3175 per share on Thursday, December 29th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, December 14th.
Read our dividend analysis for MCY.

Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 3.65%.
Read our dividend analysis for MCY.

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.

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).

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

Mercury General's stock is owned by a variety of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.26%), Exchange Traded Concepts LLC (0.08%), DAVENPORT & Co LLC (0.05%), Hennion & Walsh Asset Management Inc. (0.03%), Yousif Capital Management LLC (0.03%) and Inspire Advisors LLC (0.03%). Insiders that own company stock include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Joseph and Joshua Eric Little.
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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.
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One share of MCY stock can currently be purchased for approximately $34.60.

Mercury General (NYSE:MCY) has a market capitalization of $1.92 billion and generates $3.99 billion in revenue each year. The insurance provider earns $247.94 million in net income (profit) each year or ($8.59) on an earnings per share basis.

The company employs 4,300 workers across the globe.

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.