NYSE:MCYMercury General Stock Price, Forecast & News

Mercury General's stock was trading at $39.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MCY shares have decreased by 1.5% and is now trading at $38.44. View which stocks have been mosted 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, May 4th 2020. View our earnings forecast for Mercury General.

Mercury General will be holding an earnings conference call on Monday, May 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Mercury General Co. (NYSE:MCY) announced its quarterly earnings data on Monday, February, 10th. The insurance provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The insurance provider had revenue of $896.10 million for the quarter, compared to analyst estimates of $884.63 million. Mercury General had a net margin of 8.06% and a return on equity of 8.13%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.26) earnings per share. View Mercury General's earnings history.

Mercury General announced a quarterly dividend on Monday, February 10th. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.63 per share on Tuesday, March 31st. This represents a $2.52 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Monday, March 16th. View Mercury General's dividend history.

2 brokerages have issued 12 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 year. This suggests a possible upside of 30.1% from the stock's current price. View analysts' price targets for Mercury General.

Press coverage about MCY stock has been trending very negative on Wednesday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Mercury General earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave headlines about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutMercury General.

Mercury General saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 734,500 shares, an increase of 46.3% from the February 27th total of 502,200 shares. Based on an average daily volume of 277,100 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.7% of the company's 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), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cna Financial (CNA), Erie Indemnity (ERIE), Fidelity National Financial (FNF), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Hanover Insurance Group (THG).

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

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

Mercury General's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Foundations Investment Advisors LLC (0.06%). Company insiders that own Mercury General stock include Charles Toney, George Gwyer Braunegg, George Joseph, Joshua Eric Little and Mike Curtius. View institutional ownership trends for Mercury General.

MCY stock was acquired by a variety of institutional investors in the last quarter, including Foundations Investment Advisors LLC. Company insiders that have bought Mercury General stock in the last two years include 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 $38.44.

Mercury General has a market capitalization of $2.13 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. View additional information about Mercury General.

The official website for Mercury General is http://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.