Mercury General Stock Forecast, Price & 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 11.4% and is now trading at $43.50.
View which stocks have been most impacted by COVID-19.

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, October 26th 2020.
View our earnings forecast for Mercury General.

Mercury General Co. (NYSE:MCY) issued its quarterly earnings data on Monday, August, 3rd. The insurance provider reported $1.86 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.34 by $1.52. The insurance provider earned $818.50 million during the quarter, compared to analysts' expectations of $840.71 million. Mercury General had a net margin of 5.15% and a return on equity of 12.34%. The company's revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS.
View Mercury General's earnings history.

Mercury General declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.63 per share on Tuesday, September 29th. This represents a $2.52 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Monday, September 14th.
View Mercury General's dividend history.

2 brokerages have issued twelve-month target prices for Mercury General's stock. Their forecasts range from $50.00 to $50.00. On average, they anticipate Mercury General's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price.
View analysts' price targets for Mercury General.

Mercury General saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 559,000 shares, a decline of 15.4% from the August 15th total of 661,000 shares. Based on an average daily trading volume, of 269,800 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.1% of the company's stock are short sold.
View Mercury General's Short Interest.

Some companies that are related to Mercury General include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), Axis Capital (AXS) 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), AbbVie (ABBV), Pfizer (PFE), Altria Group (MO), Walgreens Boots Alliance (WBA), Chevron (CVX), Consolidated Edison (ED) 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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (4.77%), Bank of New York Mellon Corp (1.01%), Goldman Sachs Group Inc. (0.98%), Absher Wealth Management LLC (0.92%), Frontier Investment Mgmt Co. (0.84%) and Charles Schwab Investment Management Inc. (0.75%). Company insiders that own Mercury General stock include Abby Hosseini, Brandt Minnich, Charles Toney, Gabriel Tirador, George Gwyer Braunegg, George Joseph, Joshua Eric Little and Mike Curtius.
View institutional ownership trends for Mercury General.

MCY stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Goldman Sachs Group Inc., Nuveen Asset Management LLC, Vanguard Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, WINTON GROUP Ltd, Man Group plc, and D.A. Davidson & CO..
View insider buying and selling activity for Mercury General.

MCY stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., LSV Asset Management, Jacobs Levy Equity Management Inc., Absher Wealth Management LLC, Charles Schwab Investment Management Inc., Principal Financial Group Inc., Principal Financial Group Inc., and Raymond James & Associates. Company insiders that have bought Mercury General stock in the last two years include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Gwyer Braunegg, George Joseph, and Joshua Eric Little.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of MCY stock can currently be purchased for approximately $43.50.

Mercury General has a market capitalization of $2.41 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.