Mercury General Stock Forecast, Price & News

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 35.1% and is now trading at $52.73.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" Mercury General stock.
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Mercury General is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Mercury General.

Mercury General Co. (NYSE:MCY) released its quarterly earnings data on Sunday, November, 8th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.17. The insurance provider earned $942.89 million during the quarter, compared to analyst estimates of $929.23 million. Mercury General had a return on equity of 13.57% and a net margin of 6.47%. The firm's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share.
View Mercury General's earnings history.

Mercury General announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Wednesday, December 16th will be paid a dividend of $0.632 per share on Wednesday, December 30th. This represents a $2.53 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Tuesday, December 15th. This is a boost from Mercury General's previous quarterly dividend of $0.63.
View Mercury General's dividend history.

Mercury General pays an annual dividend of $2.53 per share and currently has a dividend yield of 4.81%. MCY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Mercury General has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Mercury General is 97.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Mercury General will have a dividend payout ratio of 74.41% next year. This indicates that Mercury General will be able to sustain or increase its dividend.
View Mercury General's dividend history.

Mercury General saw a increase in short interest in December. As of December 31st, there was short interest totaling 478,900 shares, an increase of 19.3% from the December 15th total of 401,500 shares. Based on an average daily volume of 205,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.8% of the company's shares are short sold.
View Mercury General's Short Interest.

Some companies that are related to Mercury General include (BRK.B) (BRK.B), The Progressive (PGR), The Travelers Companies (TRV), The Allstate (ALL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), Markel (MKL), 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 The Hanover Insurance Group (THG).
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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 many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.04%), Foundations Investment Advisors LLC (0.02%), Murphy Middleton Hinkle & Parker Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%), 6 Meridian (0.01%) and Sowell Financial Services LLC (0.00%). Company insiders that own Mercury General stock include Abby Hosseini, Brandt Minnich, Charles Toney, Gabriel Tirador, George Gwyer Braunegg, George Joseph and Joshua Eric Little.
View institutional ownership trends for Mercury General.

MCY stock was sold by a variety of institutional investors in the last quarter, including Foundations Investment Advisors LLC, Crossmark Global Holdings Inc., and Murphy Middleton Hinkle & Parker Inc..
View insider buying and selling activity for Mercury General or view top insider-selling stocks.

MCY stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, 6 Meridian, Sowell Financial Services LLC, and Carroll Financial Associates Inc.. Company insiders that have bought Mercury General stock in the last two years include Abby Hosseini, Brandt Minnich, Gabriel Tirador, George Gwyer Braunegg, George Joseph, and Joshua Eric Little.
View insider buying and selling activity for Mercury General or or view top insider-buying stocks.

Shares of MCY 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.

One share of MCY stock can currently be purchased for approximately $52.73.

Mercury General has a market capitalization of $2.92 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.

The official website for Mercury General is www.mercuryinsurance.com.

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.