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NYSE:MCY

Mercury General - MCY Stock Forecast, Price & News

$34.59
-0.29 (-0.83%)
(As of 08/17/2022 10:12 AM ET)
Add
Compare
Today's Range
$34.46
$34.65
50-Day Range
$31.96
$48.61
52-Week Range
$31.29
$60.67
Volume
2,447 shs
Average Volume
491,294 shs
Market Capitalization
$1.92 billion
P/E Ratio
N/A
Dividend Yield
7.43%
Price Target
N/A

Mercury General MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
6.51% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$4,733 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.70) to $0.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Finance Sector

810th out of 932 stocks

Fire, Marine, & Casualty Insurance Industry

41st out of 50 stocks

MCY stock logo

About Mercury General (NYSE:MCY) Stock

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, fire, and other hazards. The company sells its policies through a network of independent agents and insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was founded in 1961 and is headquartered in Los Angeles, California.

Mercury General Trading Up 2.0 %

MCY Stock opened at $34.88 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.28 and a current ratio of 0.28. The company's 50-day simple moving average is $41.79 and its 200 day simple moving average is $48.62. Mercury General has a 52 week low of $31.29 and a 52 week high of $60.67. The company has a market capitalization of $1.93 billion, a PE ratio of -5.14 and a beta of 0.39.

Mercury General Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.3175 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.27 dividend on an annualized basis and a yield of 3.64%. Mercury General's payout ratio is -37.41%.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Mercury General from a "b" rating to a "c+" rating in a report on Friday, May 6th.

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MCY Stock News Headlines

Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry?
You've never heard of this rare metal. But it's CRITICAL for our fighter jets, missiles, and military vehicles. The bad news is, Communist China has a MONOPOLY on this critical resource...
Members of Third Eye Blind Share First Car Memories
Mercury General: Q2 Earnings Insights
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry?
You've never heard of this rare metal. But it's CRITICAL for our fighter jets, missiles, and military vehicles. The bad news is, Communist China has a MONOPOLY on this critical resource...
Mercury General Corp - Stock News
Mercury General Becomes Oversold (MCY)
Mercury General declares $0.635 dividend
Mercury General Misses Q1 EPS
MCY: Lowering target price to $41.00
See More Headlines
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MCY Company Calendar

Last Earnings
11/01/2021
Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Today
8/17/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
Sector
Finance
CUSIP
58940010
Employees
4,300
Year Founded
1962

Profitability

Net Income
$247.94 million
Pretax Margin
-13.80%

Debt

Sales & Book Value

Annual Sales
$3.99 billion
Cash Flow
$4.36 per share
Book Value
$30.02 per share

Miscellaneous

Free Float
35,714,000
Market Cap
$1.92 billion
Optionable
Optionable
Beta
0.39

Social Links


Key Executives

  • Mr. George Victor Joseph (Age 100)
    Exec. Chairman
    Comp: $1.66M
  • Mr. Gabriel Tirador (Age 57)
    Pres, CEO & Director
    Comp: $1.7M
  • Mr. Theodore Robert Stalick (Age 59)
    Sr. VP & CFO
    Comp: $1.05M
  • Mr. Christopher Wadewitz Graves (Age 56)
    VP & Chief Investment Officer
    Comp: $769k
  • Mr. Jeffrey Michael Schroeder (Age 45)
    VP & Chief Product Officer
    Comp: $605.69k
  • Mr. Victor George Joseph (Age 35)
    Exec. VP & COO
  • Mr. Abby Hosseini (Age 62)
    VP & Chief Information Officer
  • Mr. Erik Dahl Thompson (Age 53)
    VP of Advter. & PR
  • Mr. Brandt N. Minnich (Age 55)
    VP & Chief Marketing Officer
  • Ms. Heidi C. Sullivan (Age 53)
    VP & Chief Human Capital Officer













MCY Stock - Frequently Asked Questions

How have MCY shares performed in 2022?

Mercury General's stock was trading at $53.06 on January 1st, 2022. Since then, MCY stock has decreased by 34.3% and is now trading at $34.88.
View the best growth stocks for 2022 here
.

When is Mercury General's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our MCY earnings forecast
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) issued its quarterly earnings data 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 had revenue of $975.76 million for the quarter, compared to analyst estimates of $974.96 million. Mercury General had a negative net margin of 10.52% and a negative trailing twelve-month return on equity of 2.01%. During the same period last year, the company earned $1.23 earnings per share.

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

Mercury General announced a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Thursday, September 15th will be given a dividend of $0.3175 per share on Thursday, September 29th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for MCY
.

Is Mercury General a good dividend stock?

Mercury General (NYSE:MCY) pays an annual dividend of $2.54 per share and currently has a dividend yield of 7.43%. 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.

What is Gabriel Tirador's approval rating as Mercury General's CEO?

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.

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).

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 a number of retail and institutional investors. Top institutional shareholders include State Street Corp (2.55%), Renaissance Technologies LLC (2.53%), ProShare Advisors LLC (1.15%), Absher Wealth Management LLC (1.00%), Northern Trust Corp (0.61%) and Crawford Investment Counsel Inc. (0.58%). Insiders that own company stock include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Gwyer Braunegg, George Joseph and Joshua Eric Little.
View institutional ownership trends
.

How do I buy shares of Mercury General?

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.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $34.88.

How much money does Mercury General make?

Mercury General (NYSE:MCY) has a market capitalization of $1.93 billion and generates $3.99 billion in revenue each year. The insurance provider earns $247.94 million in net income (profit) each year or ($6.79) on an earnings per share basis.

How many employees does Mercury General have?

The company employs 4,300 workers across the globe.

When was Mercury General founded?

Mercury General was founded in 1962.

How can I contact Mercury General?

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.

This page (NYSE:MCY) was last updated on 8/17/2022 by MarketBeat.com Staff

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