NYSE:MCYMercury General Stock Price, Forecast & News

$39.24

-0.01 (-0.03 %)

(As of 05/25/2020 01:39 PM ET)

Add

Compare

Today's Range

$38.77

Now: $39.24▼

$39.69

50-Day Range

$34.15

MA: $39.27▼

$42.00

52-Week Range

$33.45

Now: $39.24▼

$65.22

Volume379,464 shs

Average Volume544,606 shs

Market Capitalization$2.17 billion

P/E Ratio48.45

Dividend Yield6.42%

Beta0.35

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^™

2.8 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 potential upside of 27.4% from its current price of $39.24.
Amount of Analyst Coverage
Mercury General has only been the subject of 1 research reports in the past 90 days.

1.7 Community Rank

Outperform Votes
Mercury General has received 229 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Mercury General has received 426 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Mercury General has received 65.04% “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 6.42%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Mercury General has been increasing its dividend for 34 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 73.47 % 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 $17,460,629.00 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
41.18% of the stock of Mercury General is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Mercury General are expected to grow by 20.35% in the coming year, from $2.85 to $3.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mercury General is 48.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mercury General is 48.45, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 15.63.
Price to Earnings Growth Ratio
Mercury General has a PEG Ratio of 0.72. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Mercury General has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.02 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 Ratio0.23

Current Ratio0.36

Quick Ratio0.36

Price-To-Earnings

Trailing P/E Ratio48.45

Forward P/E Ratio13.77

P/E Growth0.72

Sales & Book Value

Annual Sales$3.97 billion

Price / Sales0.55

Cash Flow$3.77 per share

Price / Cash Flow10.40

Book Value$32.51 per share

Price / Book1.21

Profitability

EPS (Most Recent Fiscal Year)$2.60

Net Income$320.09 million

Net Margins1.23%

Return on Equity8.88%

Return on Assets2.68%

Miscellaneous

Employees4,500

Outstanding Shares55,360,000

Market Cap$2.17 billion

Next Earnings Date8/3/2020 (Estimated)

OptionableOptionable

Receive MCY News and Ratings via Email

Sign-up to receive the latest news and ratings for MCY and its competitors with MarketBeat's FREE daily newsletter.

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 COVID-19 reached pandemic status according to the World Health Organization. Since then, MCY shares have increased by 0.5% and is now trading at $39.24. View which stocks have been most 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, August 3rd 2020. View our earnings forecast for Mercury General.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) released its quarterly earnings results on Monday, May, 4th. The insurance provider reported $1.07 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.88 by $0.19. The insurance provider had revenue of $954.20 million for the quarter, compared to the consensus estimate of $927.89 million. Mercury General had a return on equity of 8.88% and a net margin of 1.23%. Mercury General's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. 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, May 4th. Shareholders of record on Thursday, June 11th will be given a dividend of $0.63 per share on Thursday, June 25th. This represents a $2.52 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend is Wednesday, June 10th. View Mercury General's dividend history.

What price target have analysts set for MCY?

2 brokerages 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 27.4% from the stock's current price. View analysts' price targets for Mercury General.

Has Mercury General been receiving favorable news coverage?

News stories about MCY stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Mercury General earned a news sentiment score of 1.5 on InfoTrie's scale. They also gave news stories about the insurance provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutMercury General.

Are investors shorting Mercury General?

Mercury General saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 644,800 shares, a drop of 27.4% from the April 30th total of 887,900 shares. Based on an average trading volume of 362,600 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.4% of the company's shares are sold short. View Mercury General's Current Options Chain.

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), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cincinnati Financial (CINF), Cna Financial (CNA), Erie Indemnity (ERIE), Fidelity National Financial (FNF), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG) and RLI (RLI). 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), Altria Group (MO), AbbVie (ABBV), Pfizer (PFE), General Motors (GM), Philip Morris International (PM), Walgreens Boots Alliance (WBA) and Wells Fargo & Co (WFC).

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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.27%), State Street Corp (2.05%), Invesco Ltd. (1.46%), AQR Capital Management LLC (1.38%), Bank of New York Mellon Corp (1.00%) and Frontier Investment Mgmt Co. (0.76%). Company insiders that own Mercury General stock include Brandt Minnich, Charles Toney, Gabriel Tirador, George Gwyer Braunegg, George Joseph, Joshua Eric Little and Mike Curtius. View institutional ownership trends for Mercury General.

Which institutional investors are selling Mercury General stock?

MCY stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., BlackRock Inc., Wells Fargo & Company MN, MERIAN GLOBAL INVESTORS UK Ltd, Mackenzie Financial Corp, First Trust Advisors LP, Morgan Stanley, and Engineers Gate Manager LP. View insider buying and selling activity 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 Philadelphia Financial Management of San Francisco LLC, Matarin Capital Management LLC, State Street Corp, AQR Capital Management LLC, Semper Augustus Investments Group LLC, Ensign Peak Advisors Inc, Russell Investments Group Ltd., and Mackay Shields LLC. Company insiders that have bought Mercury General stock in the last two years include Brandt Minnich, Gabriel Tirador, 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 $39.24.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.17 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 5/25/2020 by MarketBeat.com Staff