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NYSE:MCY

Mercury General - MCY Stock Forecast, Price & News

$35.70
-0.50 (-1.38%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.63
▼
$36.59
50-Day Range
$28.33
▼
$37.48
52-Week Range
$27.89
▼
$56.94
Volume
187,134 shs
Average Volume
388,904 shs
Market Capitalization
$1.98 billion
P/E Ratio
N/A
Dividend Yield
3.51%
Price Target
$45.00

Mercury General MarketRank™ Forecast

Analyst Rating
Strong Buy
4.00 Rating Score
Upside/​Downside
26.1% Upside
$45.00 Price Target
Short Interest
Healthy
4.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.15) to $1.05 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Finance Sector

549th out of 862 stocks

Fire, Marine, & Casualty Insurance Industry

24th out of 45 stocks

See Top Rated MarketRank™ Stocks Here
MCY stock logo

About Mercury General (NYSE:MCY) Stock

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, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, fire, and other hazards. The company sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals 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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MCY Stock News Headlines

December 9, 2022 | finance.yahoo.com
Don't Buy Mercury General Corporation (NYSE:MCY) For Its Next Dividend Without Doing These Checks
November 30, 2022 | finance.yahoo.com
Mercury Insurance Recognized as 'Best of the Southland' by Los Angeles Times' Readers
November 22, 2022 | finance.yahoo.com
Mercury Offers a Holiday Buyer's Guide for Insurance Savings
November 8, 2022 | msn.com
Mercury General's Return On Capital Employed Overview
November 5, 2022 | msn.com
Why Mercury General Stock Soared 26% This Week
November 5, 2022 | finance.yahoo.com
Why Mercury General Stock Soared 26% This Week
November 4, 2022 | finance.yahoo.com
Mercury General stock charges up toward 3-month higher after triple upgrade at Raymond James
November 2, 2022 | finance.yahoo.com
Mercury General (MCY) Q3 Earnings Top Estimates
October 26, 2022 | ca.finance.yahoo.com
Mercury General (NYSE:MCY investor one-year losses grow to 47% as the stock sheds US$136m this past week
October 6, 2022 | finance.yahoo.com
Forbes Recognizes Mercury Insurance as One of the 'Best Insurance Companies in America' for 2023
October 4, 2022 | finance.yahoo.com
MERCURY GENERAL CORPORATION TO REPORT THIRD QUARTER RESULTS ON NOVEMBER 1, 2022
October 4, 2022 | nasdaq.com
Mercury General Corp. Shares Near 52-Week Low - Market Mover
September 30, 2022 | nasdaq.com
Mercury General Enters Oversold Territory (MCY)
September 30, 2022 | seekingalpha.com
MCY Mercury General Corporation
September 29, 2022 | finance.yahoo.com
Mercury Insurance Is Ready To Assist Policyholders Impacted by Hurricane Ian
September 23, 2022 | msn.com
Mercury Prize rescheduled after it was dramatically axed hours after Queen's death
September 13, 2022 | technews.tmcnet.com
Mercury Digital Assets Rebrands as Liquid Mercury
September 9, 2022 | uk.finance.yahoo.com
Mercury NZ Limited (NZSE:MCY) Will Pay A NZ$0.14 Dividend In Four Days
September 6, 2022 | msn.com
Fight Mercury retrograde effects with help from astrologers
September 1, 2022 | finance.yahoo.com
George Thorogood Shares First Car Memories
September 1, 2022 | finance.yahoo.com
Mercury Insurance Concert Series Announces 2022 'My First Ride' Artists
August 26, 2022 | nasdaq.com
Mercury General Corp. is Oversold
August 8, 2022 | nasdaq.com
Mercury General (NYSE:MCY) Is Reducing Its Dividend To $0.3175
August 6, 2022 | finance.yahoo.com
Mercury General (NYSE:MCY) Has Announced That Its Dividend Will Be Reduced To $0.3175
August 5, 2022 | finance.yahoo.com
Members of Third Eye Blind Share First Car Memories
See More Headlines
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MCY Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Last Earnings
11/01/2022
Today
12/09/2022
Ex-Dividend for 12/29 Dividend
12/14/2022
Dividend Payable
12/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/21/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
Current Symbol
NYSE:MCY
CUSIP
58940010
CIK
64996
Web
www.mercuryinsurance.com
Phone
(323) 937-1060
Fax
323-857-7116
Employees
4,300
Year Founded
1962

Price Target and Rating

Average Stock Price Forecast
$45.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+26.1%
Consensus Rating
Strong Buy
Rating Score (0-4)
4.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($8.59)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$247.94 million
Net Margins
-13.43%
Pretax Margin
-17.47%
Return on Equity
-3.28%
Return on Assets
-0.90%

Debt

Debt-to-Equity Ratio
0.24
Current Ratio
0.27
Quick Ratio
0.27

Sales & Book Value

Annual Sales
$3.99 billion
Price / Sales
0.50
Cash Flow
$4.27 per share
Price / Cash Flow
8.37
Book Value
$38.65 per share
Price / Book
0.92

Miscellaneous

Outstanding Shares
55,371,000
Free Float
35,714,000
Market Cap
$1.98 billion
Optionable
Optionable
Beta
0.56

Social Links


Key Executives

  • Mr. George Victor Joseph (Age 100)
    Exec. Chairman
    Comp: $1.66M
  • Mr. Gabriel Tirador (Age 57)
    Pres, CEO & Director
    Comp: $1.7M
  • Mr. Theodore Robert Stalick (Age 59)
    Sr. VP & CFO
    Comp: $1.05M
  • Mr. Christopher Wadewitz Graves (Age 56)
    VP & Chief Investment Officer
    Comp: $769k
  • Mr. Jeffrey Michael Schroeder (Age 45)
    VP & Chief Product Officer
    Comp: $605.69k
  • Mr. Victor George Joseph (Age 35)
    Exec. VP & COO
  • Mr. Abby Hosseini (Age 62)
    VP & Chief Information Officer
  • Mr. Erik Dahl Thompson (Age 53)
    VP of Advter. & PR
  • Mr. Brandt N. Minnich (Age 55)
    VP & Chief Marketing Officer
  • Ms. Heidi C. Sullivan (Age 53)
    VP & Chief Human Capital Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













MCY Stock - Frequently Asked Questions

Should I buy or sell Mercury General stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "strong buy" MCY shares.
View MCY analyst ratings or view top-rated stocks.

What is Mercury General's stock price forecast for 2023?

1 analysts have issued 12-month target prices for Mercury General's stock. Their MCY share price forecasts range from $45.00 to $45.00. On average, they anticipate the company's share price to reach $45.00 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price.
View analysts price targets for MCY or view top-rated stocks among Wall Street analysts.

How have MCY shares performed in 2022?

Mercury General's stock was trading at $53.06 at the beginning of the year. Since then, MCY shares have decreased by 31.2% and is now trading at $36.49.
View the best growth stocks for 2022 here.

Are investors shorting Mercury General?

Mercury General saw a decline in short interest in October. As of October 31st, there was short interest totaling 1,400,000 shares, a decline of 16.7% from the October 15th total of 1,680,000 shares. Based on an average trading volume of 594,800 shares, the short-interest ratio is currently 2.4 days. Currently, 5.3% of the shares of the stock are sold short.
View Mercury General's Short Interest.

When is Mercury General's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our MCY earnings forecast.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) posted its quarterly earnings data on Tuesday, November, 1st. The insurance provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of ($0.55) by $0.83. The insurance provider had revenue of $1.04 billion for the quarter, compared to analysts' expectations 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%.

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

Mercury General declared a quarterly dividend on Tuesday, November 1st. Investors of record on Thursday, December 15th will be given a dividend of $0.3175 per share on Thursday, December 29th. This represents a $1.27 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Wednesday, December 14th.
Read our dividend analysis for MCY.

Is Mercury General a good dividend stock?

Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 3.52%.
Read our dividend analysis for MCY.

What is Gabriel Tirador's approval rating as Mercury General's CEO?

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.

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 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).

What is Mercury General's stock symbol?

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

Who are Mercury General's major shareholders?

Mercury General's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.53%), Vanguard Group Inc. (5.51%), Renaissance Technologies LLC (2.32%), Dimensional Fund Advisors LP (2.30%), State Street Corp (1.72%) and Absher Wealth Management LLC (1.44%). Insiders that own company stock include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Joseph and Joshua Eric Little.
View institutional ownership trends.

How do I buy shares of Mercury General?

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.
Compare Top Brokerages Here.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $36.49.

How much money does Mercury General make?

Mercury General (NYSE:MCY) has a market capitalization of $2.02 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.

How many employees does Mercury General have?

The company employs 4,300 workers across the globe.

How can I contact Mercury General?

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.

This page (NYSE:MCY) was last updated on 12/9/2022 by MarketBeat.com Staff