NYSE:MCY

Mercury General Stock Forecast, Price & News

$41.28

-0.61 (-1.46 %)

(As of 09/29/2020 11:40 AM ET)

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Today's Range

$41.25

Now: $41.28▼

$41.90

50-Day Range

$41.18

MA: $44.28▼

$46.18

52-Week Range

$33.45

Now: $41.28▼

$56.43

Volume3,474 shs

Average Volume322,180 shs

Market Capitalization$2.29 billion

P/E Ratio12.04

Dividend Yield6.12%

Beta0.32

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.

Beat the Market (BTM) Rank^™

1.8 Analyst's Opinion

Consensus Rating
Mercury General has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $50.00, Mercury General has a forecasted upside of 19.8% from its current price of $41.73.
Amount of Analyst Coverage
Mercury General has received no research coverage in the past 90 days.

1.7 Community Rank

Outperform Votes
Mercury General has received 230 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mercury General has received 430 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mercury General has received 65.15% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Mercury General and other stocks. Vote “Outperform” if you believe MCY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MCY will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Mercury General is a leading dividend payer. It pays a dividend yield of 6.12%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Mercury General has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Mercury General is 96.92%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Mercury General will have a dividend payout ratio of 74.12% next year. This indicates that Mercury General will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Mercury General insiders have bought more of their company's stock than they have sold. Specifically, they have bought $6,534.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 34.30% of the stock of Mercury General is held by insiders.
Percentage Held by Institutions
40.85% of the stock of Mercury General is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Mercury General are expected to decrease by -30.61% in the coming year, from $4.90 to $3.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mercury General is 12.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.68.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mercury General is 12.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.36.
Price to Book Value per Share Ratio
Mercury General has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.57 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryProperty & Casualty Insurance

SectorFinance

Current SymbolNYSE:MCY

Previous Symbol

CUSIP58940010

CIK64996

Webwww.mercuryinsurance.com

Phone323-937-1060

Debt

Debt-to-Equity Ratio0.20

Current Ratio0.38

Quick Ratio0.38

Price-To-Earnings

Trailing P/E Ratio12.04

Forward P/E Ratio8.42

P/E GrowthN/A

Sales & Book Value

Annual Sales$3.97 billion

Price / Sales0.58

Cash Flow$3.57 per share

Price / Cash Flow11.55

Book Value$32.51 per share

Price / Book1.27

Profitability

EPS (Most Recent Fiscal Year)$2.60

Net Income$320.09 million

Net Margins5.15%

Return on Equity12.34%

Return on Assets3.71%

Miscellaneous

Employees4,500

Outstanding Shares55,358,000

Market Cap$2.29 billion

Next Earnings Date10/26/2020 (Estimated)

OptionableOptionable

$41.28

-0.61 (-1.46 %)

(As of 09/29/2020 11:40 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. Since then, MCY shares have increased by 5.7% and is now trading at $41.28.
View which stocks have been most impacted by COVID-19.

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, October 26th 2020.
View our earnings forecast for Mercury General.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) announced its quarterly earnings data on Monday, August, 3rd. The insurance provider reported $1.86 EPS for the quarter, beating the Zacks' consensus estimate of $0.34 by $1.52. The insurance provider earned $818.50 million during the quarter, compared to analyst estimates of $840.71 million. Mercury General had a return on equity of 12.34% and a net margin of 5.15%. Mercury General's quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 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 declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.63 per share on Tuesday, September 29th. This represents a $2.52 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend is Monday, September 14th.
View Mercury General's dividend history.

What price target have analysts set for MCY?

2 analysts have issued 1-year target prices for Mercury General's shares. 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 21.1% from the stock's current price.
View analysts' price targets for Mercury General.

Are investors shorting Mercury General?

Mercury General saw a increase in short interest in September. As of September 15th, there was short interest totaling 662,200 shares, an increase of 18.5% from the August 31st total of 559,000 shares. Based on an average daily volume of 251,700 shares, the short-interest ratio is currently 2.6 days. Approximately 2.5% of the shares of the company are sold short.
View Mercury General's Short Interest.

Who are some of Mercury General's key competitors?

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), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Axis Capital (AXS).
View all 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), AT&T (T), AbbVie (ABBV), Pfizer (PFE), Altria Group (MO), Walgreens Boots Alliance (WBA), Chevron (CVX), Consolidated Edison (ED) and Enterprise Products Partners (EPD).

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."

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 $41.28.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.29 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 9/29/2020 by MarketBeat.com Staff

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