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NYSE:MCYMercury General Stock Price, Forecast & News

$40.14
+1.10 (+2.82 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$39.02
Now: $40.14
$40.14
50-Day Range
$39.04
MA: $41.06
$45.73
52-Week Range
$33.45
Now: $40.14
$64.48
Volume413,200 shs
Average Volume351,133 shs
Market Capitalization$2.22 billion
P/E Ratio49.56
Dividend Yield6.28%
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: 1.8Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.82 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$2.22 billion
Next Earnings Date8/3/2020 (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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MCY stock has increased by 2.8% and is now trading at $40.14. 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 can I listen to Mercury General's earnings call?

Mercury General will be holding an earnings conference call on Monday, August 3rd 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) posted its quarterly earnings data on Monday, May, 4th. The insurance provider reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.88 by $0.19. The insurance provider earned $954.20 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period 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. Investors of record on Thursday, June 11th will be paid a dividend of $0.63 per share on Thursday, June 25th. This represents a $2.52 annualized dividend and a yield of 6.28%. 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 target prices for Mercury General's stock. Their forecasts range from $50.00 to $50.00. On average, they expect Mercury General's share price to reach $50.00 in the next year. This suggests a possible upside of 24.6% from the stock's current price. View analysts' price targets for Mercury General.

Has Mercury General been receiving favorable news coverage?

News headlines about MCY stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public 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 -3.2 on InfoTrie's scale. They also gave news coverage about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Mercury General.

Are investors shorting Mercury General?

Mercury General saw a decrease in short interest in June. As of June 30th, there was short interest totaling 878,200 shares, a decrease of 22.3% from the June 15th total of 1,130,000 shares. Based on an average daily trading volume, of 399,200 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.3% of the company's stock are sold short. 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."

Who are Mercury General's major shareholders?

Mercury General's stock is owned by many different retail and institutional investors. Top institutional investors include Foundations Investment Advisors LLC (0.06%). Company insiders that own Mercury General stock include Abby Hosseini, 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 major investors are selling Mercury General stock?

MCY stock was sold by a variety of institutional investors in the last quarter, including Foundations Investment Advisors LLC. 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 $40.14.

How big of a company is Mercury General?

Mercury General has a market capitalization of $2.22 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 7/12/2020 by MarketBeat.com Staff

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