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DOW   30,814.26
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:MCY

Mercury General Stock Forecast, Price & News

$52.73
+0.71 (+1.36 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$51.55
Now: $52.73
$53.09
50-Day Range
$44.47
MA: $49.78
$53.92
52-Week Range
$33.45
Now: $52.73
$55.71
Volume209,921 shs
Average Volume241,380 shs
Market Capitalization$2.92 billion
P/E Ratio12.18
Dividend Yield4.80%
Beta0.38
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, fire, and umbrella insurance. The company's automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners' insurance products cover dwelling, liability, personal property, fire, and other hazards. It sells its policies through a network of independent agents, 100% owned insurance agents, and direct channels in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. The company was founded in 1961 and is headquartered in Los Angeles, California.
Mercury General logo

MarketRank

Overall MarketRank

1.59 out of 5 stars

Analyst Opinion: 0.0Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP58940010
Phone323-937-1060
Employees4,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.97 billion
Cash Flow$3.78 per share
Book Value$32.51 per share

Profitability

Net Income$320.09 million

Miscellaneous

Market Cap$2.92 billion
Next Earnings Date2/16/2021 (Confirmed)
OptionableOptionable
$52.73
+0.71 (+1.36 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mercury General (NYSE:MCY) Frequently Asked Questions

How has Mercury General's stock price been impacted by COVID-19?

Mercury General's stock was trading at $39.04 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MCY stock has increased by 35.1% and is now trading at $52.73.
View which stocks have been most impacted by COVID-19
.

Is Mercury General a buy 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 sell rating for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" Mercury General stock.
View analyst ratings for Mercury General
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Mercury General?

Wall Street analysts have given Mercury General a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mercury General wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Mercury General's next earnings date?

Mercury General is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Mercury General
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) issued its earnings results on Sunday, November, 8th. The insurance provider reported $1.23 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.06 by $0.17. The insurance provider earned $942.89 million during the quarter, compared to analyst estimates of $929.23 million. Mercury General had a net margin of 6.47% and a return on equity of 13.57%. The firm's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share.
View Mercury General's earnings history
.

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

Mercury General announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.632 per share on Wednesday, December 30th. This represents a $2.53 annualized dividend and a yield of 4.79%. The ex-dividend date is Tuesday, December 15th. This is an increase from Mercury General's previous quarterly dividend of $0.63.
View Mercury General's dividend history
.

Is Mercury General a good dividend stock?

Mercury General pays an annual dividend of $2.53 per share and currently has a dividend yield of 4.80%. MCY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Mercury General has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Mercury General is 97.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Mercury General will have a dividend payout ratio of 74.41% next year. This indicates that Mercury General will be able to sustain or increase its dividend.
View Mercury General's dividend history.

Are investors shorting Mercury General?

Mercury General saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 478,900 shares, an increase of 19.3% from the December 15th total of 401,500 shares. Based on an average daily trading volume, of 205,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.8% of the company's stock are short sold.
View Mercury General's Short Interest
.

Who are some of Mercury General's key competitors?

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).

Who are Mercury General's key executives?

Mercury General's management team includes the following people:
  • Mr. George Victor Joseph, Exec. Chairman (Age 99, Pay $1.74M)
  • Mr. Gabriel Tirador, Pres, CEO & Director (Age 56, Pay $1.71M)
  • Mr. Theodore Robert Stalick, Sr. VP & CFO (Age 58, Pay $996.75k)
  • Mr. Christopher Wadewitz Graves, VP & Chief Investment Officer (Age 55, Pay $784.76k)
  • Mr. Abby Hosseini, VP & Chief Information Officer (Age 61, Pay $554.45k)
  • Mr. Erik Dahl Thompson, VP of Advter. & PR (Age 52)
  • Mr. Brandt N. Minnich, VP & Chief Marketing Officer (Age 54)
  • Ms. Heidi C. Sullivan, VP & Chief Human Capital Officer (Age 52)
  • Mr. Randall R. Petro, VP & Chief Claims Officer (Age 57)
  • Mr. Victor George Joseph, VP & Chief Underwriting Officer (Age 34)

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 many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.04%), Foundations Investment Advisors LLC (0.02%), Murphy Middleton Hinkle & Parker Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%), 6 Meridian (0.01%) and Sowell Financial Services LLC (0.00%). Company insiders that own Mercury General stock include Abby Hosseini, Brandt Minnich, Charles Toney, Gabriel Tirador, George Gwyer Braunegg, George Joseph and Joshua Eric Little.
View institutional ownership trends for Mercury General
.

Which major investors are selling Mercury General stock?

MCY stock was sold by a variety of institutional investors in the last quarter, including Foundations Investment Advisors LLC, Crossmark Global Holdings Inc., and Murphy Middleton Hinkle & Parker Inc..
View insider buying and selling activity for Mercury General
or view top insider-selling stocks.

Which major investors are buying Mercury General stock?

MCY stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, 6 Meridian, Sowell Financial Services LLC, and Carroll Financial Associates Inc.. 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
or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $52.73.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.92 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.

What is Mercury General's official website?

The official website for Mercury General is www.mercuryinsurance.com.

How can I contact Mercury General?

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.

This page was last updated on 1/18/2021 by MarketBeat.com Staff

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