NYSE:MCYMercury General Stock Price, Forecast & News

Mercury General's stock was trading at $39.04 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MCY stock has increased by 3.0% and is now trading at $40.23. View which stocks have been most impacted by Coronavirus.

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.

Mercury General is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Mercury General.

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, beating 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 company's quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. View Mercury General's earnings history.

Mercury General declared a quarterly dividend on Monday, May 4th. Shareholders 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 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Wednesday, June 10th. View Mercury General's dividend history.

2 brokerages have issued 12 month target prices for Mercury General's stock. 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 year. This suggests a possible upside of 24.3% from the stock's current price. View analysts' price targets for Mercury General.

Media headlines about MCY stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Mercury General earned a coverage optimism score of -1.6 on InfoTrie's scale. They also gave news headlines about the insurance provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news aboutMercury General.

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

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), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG) and RLI (RLI). View all competitors.

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).

Mercury General trades on the New York Stock Exchange (NYSE) under the ticker symbol "MCY."

Mercury General's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.

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 Morgan Stanley. View insider buying and selling activity for Mercury General.

MCY stock was bought 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.

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.

One share of MCY stock can currently be purchased for approximately $40.23.

Mercury General has a market capitalization of $2.23 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.