NYSE:MCYMercury General Stock Price, Forecast & News

Mercury General's stock was trading at $39.04 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MCY shares have increased by 2.2% and is now trading at $39.88. View which stocks have been most impacted by Coronavirus.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Mercury General.

Mercury General is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Mercury General.

Mercury General Co. (NYSE:MCY) released its quarterly earnings data on Monday, May, 4th. The insurance provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.88 by $0.19. The insurance provider had revenue of $954.20 million for the quarter, compared to the consensus estimate of $927.89 million. Mercury General had a return on equity of 8.88% and a net margin of 1.23%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 earnings per share. View Mercury General's earnings history.

Mercury General declared a quarterly dividend on Monday, May 4th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.63 per share on Thursday, June 25th. This represents a $2.52 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend is Wednesday, June 10th. View Mercury General's dividend history.

2 equities research analysts have issued twelve-month price objectives for Mercury General's shares. Their forecasts range from $50.00 to $50.00. On average, they expect Mercury General's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price. View analysts' price targets for Mercury General.

News coverage about MCY stock has trended neutral recently, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mercury General earned a news sentiment score of 0.5 on InfoTrie's scale. They also gave media headlines about the insurance provider a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the near term. View the latest news about Mercury General.

Mercury General saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,130,000 shares, a decline of 7.4% from the May 31st total of 1,220,000 shares. Based on an average trading volume of 410,600 shares, the days-to-cover ratio is presently 2.8 days. Approximately 4.3% of the shares of the stock are short sold. View Mercury General's Current Options Chain.

Some companies that are related to Mercury General include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG) and RLI (RLI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercury General investors own include Verizon Communications (VZ), Exxon Mobil (XOM), AT&T (T), Altria Group (MO), AbbVie (ABBV), Pfizer (PFE), General Motors (GM), Philip Morris International (PM), Walgreens Boots Alliance (WBA) and Wells Fargo & Co (WFC).

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

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 $39.88.

Mercury General has a market capitalization of $2.21 billion and generates $3.97 billion in revenue each year. The insurance provider earns $320.09 million in net income (profit) each year or $2.60 on an earnings per share basis. Mercury General employs 4,500 workers across the globe.

The official website for Mercury General is 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.