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NYSE:MCYMercury General Stock Price, Forecast & News

$38.44
-0.64 (-1.64 %)
(As of 04/8/2020 02:06 AM ET)
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Today's Range
$38.07
Now: $38.44
$41.28
50-Day Range
$34.31
MA: $41.89
$51.80
52-Week Range
$33.45
Now: $38.44
$65.22
Volume322,500 shs
Average Volume330,896 shs
Market Capitalization$2.13 billion
P/E Ratio6.66
Dividend Yield6.45%
Beta0.39
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, fire, and umbrella insurance. Its 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. The company 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. Mercury General Corporation was founded in 1961 and is headquartered in Los Angeles, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.15 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.97 billion
Cash Flow$3.84 per share
Book Value$32.51 per share

Profitability

Net Income$320.09 million

Miscellaneous

Employees4,500
Market Cap$2.13 billion
Next Earnings Date5/4/2020 (Confirmed)
OptionableOptionable

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Mercury General (NYSE:MCY) Frequently Asked Questions

How has Mercury General's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of Mercury General?

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.

When is Mercury General's next earnings date?

Mercury General is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Mercury General.

How can I listen to Mercury General's earnings call?

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.

How were Mercury General's earnings last quarter?

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.

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

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.

What price target have analysts set for MCY?

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.

Has Mercury General been receiving favorable news coverage?

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.

Are investors shorting Mercury 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.

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 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).

Who are Mercury General's key executives?

Mercury General's management team includes the following people:
  • Mr. Theodore Robert Stalick, Sr. VP & CFO (Age 56)
  • Mr. Christopher Wadewitz Graves, VP & Chief Investment Officer (Age 53)
  • Mr. Gabriel Tirador, Pres, CEO & Director (Age 54)
  • Abby Hosseini, Chief Information Officer & VP (Age 59)
  • Mr. Erik Dahl Thompson, VP of Advter. & PR (Age 50)

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 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.

Which institutional investors are buying Mercury General stock?

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.

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 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 $38.44.

How big of a company is Mercury General?

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.

What is Mercury General's official website?

The official website for Mercury General is http://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 4/8/2020 by MarketBeat.com Staff

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