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NYSE:MCYMercury General Stock Price, Forecast & News

$39.88
-0.07 (-0.18 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$39.81
Now: $39.88
$40.94
50-Day Range
$37.97
MA: $40.88
$45.73
52-Week Range
$33.45
Now: $39.88
$65.22
Volume435,271 shs
Average Volume360,710 shs
Market Capitalization$2.21 billion
P/E Ratio49.24
Dividend Yield6.32%
Beta0.34
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: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.02 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$3.77 per share
Book Value$32.51 per share

Profitability

Net Income$320.09 million

Miscellaneous

Employees4,500
Market Cap$2.21 billion
Next Earnings Date8/3/2020 (Estimated)
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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MCY shares have increased by 2.2% and is now trading at $39.88. 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 data on Monday, May, 4th. The insurance provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters' 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%. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 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 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 dividend yield of 6.32%. 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 equities research analysts have issued twelve-month price objectives for Mercury General's shares. Their forecasts range from $50.00 to $50.00. On average, they expect Mercury General's stock price to reach $50.00 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price. View analysts' price targets for Mercury General.

Has Mercury General been receiving favorable news coverage?

News coverage about MCY stock has trended neutral recently, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Mercury General earned a news sentiment score of 0.5 on InfoTrie's scale. They also gave media headlines about the insurance provider a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the near term. View the latest news about Mercury General.

Are investors shorting Mercury General?

Mercury General saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,130,000 shares, a decline of 7.4% from the May 31st total of 1,220,000 shares. Based on an average trading volume of 410,600 shares, the days-to-cover ratio is presently 2.8 days. Approximately 4.3% of the shares of the 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 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."

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 $39.88.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.21 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 7/5/2020 by MarketBeat.com Staff

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