Mercury General - MCY Stock Forecast, Price & News

Mercury General's stock was trading at $53.06 at the beginning of the year. Since then, MCY stock has decreased by 43.3% and is now trading at $30.10.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our MCY earnings forecast.

Mercury General Co. (NYSE:MCY) announced its quarterly earnings results 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 earned $975.76 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.23 EPS.

Mercury General declared a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.3175 per share on Thursday, September 29th. This represents a $1.27 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for MCY.

Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 4.22%. 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.

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.

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).

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 State Street Corp (2.55%), Renaissance Technologies LLC (2.53%), Goldman Sachs Group Inc. (1.43%), ProShare Advisors LLC (1.15%), Absher Wealth Management LLC (1.00%) and Northern Trust Corp (0.61%). Insiders that own company stock include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Gwyer Braunegg, George Joseph and Joshua Eric Little.
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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.
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One share of MCY stock can currently be purchased for approximately $30.10.

Mercury General (NYSE:MCY) has a market capitalization of $1.67 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.

The company employs 4,300 workers across the globe.

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.