NYSE:MCY Mercury General - MCY Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Mercury General Co. Please log in to your account or sign up in order to add this asset to your watchlist. $29.92 -0.84 (-2.73%) (As of 03/22/2023 12:00 AM ET) Add Compare Share Share Today's Range$29.91▼$30.9550-Day Range$29.86▼$38.8152-Week Range$27.89▼$56.21Volume193,255 shsAverage Volume316,523 shsMarket Capitalization$1.66 billionP/E RatioN/ADividend Yield4.24%Price Target$45.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Mercury General MarketRank™ ForecastAnalyst RatingStrong Buy4.00 Rating ScoreUpside/Downside50.4% Upside$45.00 Price TargetShort InterestHealthy2.10% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.82Upright™ Environmental ScoreNews SentimentN/AInsider TradingAcquiring Shares$7,462 Bought Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.99 out of 5 starsFinance Sector652nd out of 872 stocksFire, Marine, & Casualty Insurance Industry30th out of 45 stocks 2.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $45.00, Mercury General has a forecasted upside of 50.4% from its current price of $29.92.Amount of Analyst CoverageMercury General has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.10% of the float of Mercury General has been sold short.Short Interest Ratio / Days to CoverMercury General has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercury General has recently increased by 3.58%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend LeadershipMercury General is a leading dividend payer. It pays a dividend yield of 4.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMercury General does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, Mercury General will have a dividend payout ratio of 42.33% next year. This indicates that Mercury General will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMercury General has received a 5.66% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home insurance services for individuals", "Home contents insurance services for individuals", and "Landlord's insurance services for individuals" products. See details.Environmental SustainabilityThe Environmental Impact score for Mercury General is -0.82. Previous Next 2.0 News and Social Media Coverage News SentimentMercury General has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.44 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 1 news article for Mercury General this week, compared to 1 article on an average week.Search InterestOnly 19 people have searched for MCY on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Mercury General to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mercury General insiders have bought more of their company's stock than they have sold. Specifically, they have bought $7,462.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders35.50% of the stock of Mercury General is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions42.54% of the stock of Mercury General is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercury General is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercury General is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioMercury General has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Mercury General (NYSE:MCY) StockMercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobile and related insurance products such as homeowners, commercial automobile and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.Read More Receive MCY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercury General and its competitors with MarketBeat's FREE daily newsletter. Email Address MCY Stock News HeadlinesMarch 16, 2023 | americanbankingnews.comMercury General (NYSE:MCY) Research Coverage Started at StockNews.comMarch 10, 2023 | nasdaq.comMercury General (MCY) Passes Through 4% Yield MarkMarch 22, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 9, 2023 | finance.yahoo.comIt Might Not Be A Great Idea To Buy Mercury General Corporation (NYSE:MCY) For Its Next DividendMarch 6, 2023 | benzinga.comMercury Insurance Creates Chief Technology Officer Role to Drive Digital StrategyMarch 6, 2023 | finance.yahoo.comMercury Insurance Hires Chief Technology Officer to Drive Digital StrategyFebruary 18, 2023 | finance.yahoo.comBasketball-Phoenix sign WNBA top scorer Taurasi to multi-year contractFebruary 16, 2023 | finance.yahoo.comForbes Recognizes Mercury Insurance as One of America's Best Midsize Employers for 2023March 22, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!February 16, 2023 | finance.yahoo.comMercury General Full Year 2022 Earnings: EPS Beats Expectations, Revenues LagFebruary 15, 2023 | finanznachrichten.deMercury General Corporation Announces Fourth Quarter and Fiscal 2022 Results and Declares Quarterly DividendFebruary 14, 2023 | msn.comMercury General Non-GAAP EPS of -$1.45 misses by $0.84, revenue of $1.15B beats by $166.02MFebruary 13, 2023 | benzinga.comMercury General's Earnings: A PreviewFebruary 11, 2023 | msn.comMarina Mabrey heads to Chicago in four-team dealJanuary 19, 2023 | finance.yahoo.comMercury Insurance to Celebrate 'Community Hero' at LA Kings Home GamesJanuary 19, 2023 | finance.yahoo.comMercury Insurance and Anaheim Ducks Celebrate 'Community Champions'January 14, 2023 | finance.yahoo.comMercury Insurance Ready to Assist California Policyholders Impacted by Recent StormsJanuary 13, 2023 | finance.yahoo.comMERCURY GENERAL CORPORATION TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 14, 2023December 22, 2022 | markets.businessinsider.com2 Stocks to Protect Yourself from a RecessionDecember 20, 2022 | finance.yahoo.comMercury Insurance partners with The Bear Fund and Cancer Support Community to Make a Dream Come True for a Young Cancer PatientDecember 19, 2022 | finance.yahoo.comMercury Insurance Offers New Coverages and Discounts in GeorgiaDecember 12, 2022 | finance.yahoo.comMercury Insurance Offers New Coverages and Discounts in OklahomaDecember 9, 2022 | finance.yahoo.comDon't Buy Mercury General Corporation (NYSE:MCY) For Its Next Dividend Without Doing These ChecksNovember 30, 2022 | finance.yahoo.comMercury Insurance Recognized as 'Best of the Southland' by Los Angeles Times' ReadersNovember 22, 2022 | finance.yahoo.comMercury Offers a Holiday Buyer's Guide for Insurance SavingsNovember 8, 2022 | msn.comMercury General's Return On Capital Employed OverviewNovember 5, 2022 | msn.comWhy Mercury General Stock Soared 26% This WeekSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MCY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercury General and its competitors with MarketBeat's FREE daily newsletter. Email Address MCY Company Calendar Last Earnings11/01/2021Ex-Dividend for 12/29 Dividend12/14/2022Dividend Payable12/29/2022Ex-Dividend for 3/29 Dividend3/14/2023Today3/22/2023Dividend Payable3/29/2023Next Earnings (Estimated)5/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Fire, marine, & casualty insurance Sub-IndustryProperty & Casualty Insurance SectorFinance Current SymbolNYSE:MCY CUSIP58940010 CIK64996 Webwww.mercuryinsurance.com Phone(323) 937-1060Fax323-857-7116Employees4,300Year Founded1962Price Target and Rating Average Stock Price Forecast$45.00 High Stock Price Forecast$45.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+50.4%Consensus RatingStrong Buy Rating Score (0-4)4.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($9.26) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-512,670,000.00 Net Margins-14.07% Pretax Margin-18.41% Return on Equity-7.66% Return on Assets-1.95% Debt Debt-to-Equity Ratio0.26 Current Ratio0.25 Quick Ratio0.25 Sales & Book Value Annual Sales$3.64 billion Price / Sales0.45 Cash FlowN/A Price / Cash FlowN/A Book Value$27.49 per share Price / Book1.09Miscellaneous Outstanding Shares55,370,000Free Float35,714,000Market Cap$1.66 billion OptionableOptionable Beta0.59 Social Links Key ExecutivesGabriel TiradorPresident, Chief Executive Officer & DirectorVictor JosephChief Operating Officer & Executive Vice PresidentTheodore Robert StalickChief Financial Officer & Senior Vice PresidentAbby HosseiniChief Information Officer & Vice PresidentCharles ToneyChief Actuary & Vice PresidentKey CompetitorsEmployersNYSE:EIGSafety Insurance GroupNASDAQ:SAFTProAssuranceNYSE:PRAAMERISAFENASDAQ:AMSFUnited Fire GroupNASDAQ:UFCSView All CompetitorsInsiders & InstitutionsJoshua Eric LittleBought 250 shares on 3/13/2023Total: $7,462.50 ($29.85/share)Rockefeller Capital Management L.P.Sold 3,775 shares on 3/6/2023Ownership: 0.039%Voya Investment Management LLCSold 19,901 shares on 2/28/2023Ownership: 0.212%Linden Thomas Advisory Services LLCBought 20,006 shares on 2/17/2023Ownership: 0.036%Alliancebernstein L.P.Bought 1,270 shares on 2/16/2023Ownership: 0.059%View All Insider TransactionsView All Institutional Transactions MCY Stock - Frequently Asked Questions Should I buy or sell Mercury General stock right now? 1 Wall Street equities 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 equities research 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 Wall Street research analysts have issued 12-month price targets for Mercury General's shares. Their MCY share price forecasts range from $45.00 to $45.00. On average, they predict the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 50.4% 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 2023? Mercury General's stock was trading at $34.20 at the start of the year. Since then, MCY shares have decreased by 12.5% and is now trading at $29.92. View the best growth stocks for 2023 here. Are investors shorting Mercury General? Mercury General saw a decrease in short interest during the month of February. As of February 15th, there was short interest totaling 538,900 shares, a decrease of 23.5% from the January 31st total of 704,700 shares. Based on an average trading volume of 287,900 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.0% of the shares of the company are short sold. 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, May 2nd 2023. View our MCY earnings forecast. How were Mercury General's earnings last quarter? Mercury General Co. (NYSE:MCY) posted its quarterly earnings results on Monday, November, 1st. The insurance provider reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by $0.16. The insurance provider earned $975.76 million during the quarter, compared to analyst estimates of $974.96 million. Mercury General had a negative net margin of 14.07% and a negative trailing twelve-month return on equity of 7.66%. During the same quarter in the prior year, the business posted $1.23 earnings per share. How often does Mercury General pay dividends? What is the dividend yield for Mercury General? Mercury General announced a quarterly dividend on Tuesday, February 14th. Investors of record on Wednesday, March 15th will be given a dividend of $0.317 per share on Wednesday, March 29th. This represents a $1.27 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, March 14th. Read our dividend analysis for MCY. What ETFs hold Mercury General's stock? ETFs with the largest weight of Mercury General (NYSE:MCY) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco Raymond James SB-1 Equity ETF (RYJ), Invesco S&P SmallCap Financials ETF (PSCF), Invesco S&P SmallCap 600 Revenue ETF (RWJ), WisdomTree U.S. SmallCap Fund (EES), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and Syntax Stratified SmallCap ETF (SSLY). 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 4.23%. MCY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (2.25%), Dimensional Fund Advisors LP (2.21%), Charles Schwab Investment Management Inc. (1.49%), Absher Wealth Management LLC (1.14%), Millennium Management LLC (1.04%) and Morgan Stanley (0.99%). 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 $29.92. How much money does Mercury General make? Mercury General (NYSE:MCY) has a market capitalization of $1.66 billion and generates $3.64 billion in revenue each year. The insurance provider earns $-512,670,000.00 in net income (profit) each year or ($9.26) 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 3/22/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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