Mercury General - MCY Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our MCY earnings forecast.

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.

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.

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).

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.

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 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.

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.

One share of MCY stock can currently be purchased for approximately $29.92.

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.

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.