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NYSE:MCY

Mercury General Stock Forecast, Price & News

$61.92
+1.51 (+2.50 %)
(As of 03/5/2021 01:24 PM ET)
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Compare
Today's Range
$61.17
Now: $61.92
$62.07
50-Day Range
$52.02
MA: $55.33
$60.67
52-Week Range
$33.45
Now: $61.92
$61.58
Volume2,745 shs
Average Volume256,653 shs
Market Capitalization$3.43 billion
P/E Ratio14.30
Dividend Yield4.17%
Beta0.38
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, fire, and umbrella insurance. The company's 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. It 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. The company was founded in 1961 and is headquartered in Los Angeles, California.
Mercury General logo

Headlines

MCY: Raising target price to $63.00
February 25, 2021 |  finance.yahoo.com
P/E Ratio Insights for Mercury General
February 17, 2021 |  benzinga.com
Mercury General Q4 Profit Rises
February 17, 2021 |  nasdaq.com
Mercury General: Q4 Earnings Insights
February 16, 2021 |  finance.yahoo.com
MCY: Raising target price to $58.00
February 11, 2021 |  finance.yahoo.com
MCY: Raising target price to $56.00
January 22, 2021 |  finance.yahoo.com
MCY: Lowering target price to $56.00
January 7, 2021 |  finance.yahoo.com
Is MCY A Good Stock To Buy Now According To Hedge Funds?
December 19, 2020 |  finance.yahoo.com
MCY: Raising target price to $57.00
December 17, 2020 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
CUSIP58940010
Phone323-937-1060
Employees4,500
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.97 billion
Cash Flow$4.44 per share
Book Value$32.51 per share

Profitability

Net Income$320.09 million

Miscellaneous

Market Cap$3.43 billion
Next Earnings Date5/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.59 out of 5 stars

Finance Sector

572nd out of 1,941 stocks

Fire, Marine, & Casualty Insurance Industry

35th out of 91 stocks

Analyst Opinion: 0.0Community Rank: 1.7Dividend Strength: 4.2Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
$61.92
+1.51 (+2.50 %)
(As of 03/5/2021 01:24 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Mercury General (NYSE:MCY) Frequently Asked Questions

Is Mercury General a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street analysts is that investors should "sell" Mercury General stock.
View analyst ratings for Mercury General
or view top-rated stocks.

What stocks does MarketBeat like better than Mercury General?

Wall Street analysts have given Mercury General a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Mercury General wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Mercury General?

Mercury General saw a increase in short interest in February. As of February 12th, there was short interest totaling 830,600 shares, an increase of 38.6% from the January 28th total of 599,300 shares. Based on an average daily volume of 247,100 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.1% of the shares of the company are sold short.
View Mercury General's Short Interest
.

When is Mercury General's next earnings date?

Mercury General is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
View our earnings forecast for Mercury General
.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) issued its earnings results on Monday, February, 15th. The insurance provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.69. Mercury General had a net margin of 6.47% and a trailing twelve-month return on equity of 13.57%.
View Mercury General's earnings history
.

How has Mercury General's stock price been impacted by Coronavirus (COVID-19)?

Mercury General's stock was trading at $39.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MCY shares have increased by 58.6% and is now trading at $61.92.
View which stocks have been most impacted by COVID-19
.

How often does Mercury General pay dividends? What is the dividend yield for Mercury General?

Mercury General announced a quarterly dividend on Tuesday, February 16th. Stockholders of record on Wednesday, March 17th will be paid a dividend of $0.632 per share on Wednesday, March 31st. This represents a $2.53 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Tuesday, March 16th.
View Mercury General's dividend history
.

Is Mercury General a good dividend stock?

Mercury General pays an annual dividend of $2.53 per share and currently has a dividend yield of 4.17%. 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 12 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.

Who are Mercury General's key executives?

Mercury General's management team includes the following people:
  • Mr. George Victor Joseph, Exec. Chairman (Age 99, Pay $1.74M)
  • Mr. Gabriel Tirador, Pres, CEO & Director (Age 56, Pay $1.71M)
  • Mr. Theodore Robert Stalick, Sr. VP & CFO (Age 58, Pay $996.75k)
  • Mr. Christopher Wadewitz Graves, VP & Chief Investment Officer (Age 55, Pay $784.76k)
  • Mr. Abby Hosseini, VP & Chief Information Officer (Age 61, Pay $554.45k)
  • Mr. Erik Dahl Thompson, VP of Advter. & PR (Age 52)
  • Mr. Brandt N. Minnich, VP & Chief Marketing Officer (Age 54)
  • Ms. Heidi C. Sullivan, VP & Chief Human Capital Officer (Age 52)
  • Mr. Randall R. Petro, VP & Chief Claims Officer (Age 57)
  • Mr. Victor George Joseph, VP & Chief Underwriting Officer (Age 34)

What is Gabriel Tirador's approval rating as Mercury General's CEO?

173 employees have rated Mercury General CEO Gabriel Tirador on Glassdoor.com. Gabriel Tirador has an approval rating of 84% among Mercury General's employees.

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), AbbVie (ABBV), AT&T (T), Pfizer (PFE), Altria Group (MO), Chevron (CVX), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA) and Enterprise Products Partners (EPD).

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.09%), Renaissance Technologies LLC (3.61%), Dimensional Fund Advisors LP (2.72%), Bank of New York Mellon Corp (1.05%), Absher Wealth Management LLC (0.95%) and Norges Bank (0.92%). 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
.

Which institutional investors are selling Mercury General stock?

MCY stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Prospector Partners LLC, ExodusPoint Capital Management LP, Engineers Gate Manager LP, Jupiter Asset Management Ltd., Matarin Capital Management LLC, Price T Rowe Associates Inc. MD, and Foundations Investment Advisors LLC.
View insider buying and selling activity for Mercury General
or view top insider-selling stocks.

Which institutional investors are buying Mercury General stock?

MCY stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, HighTower Advisors LLC, First Trust Advisors LP, Wells Fargo & Company MN, Bank of New York Mellon Corp, Charles Schwab Investment Management Inc., Aperio Group LLC, and Ontario Teachers Pension Plan Board. 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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mercury General's stock price today?

One share of MCY stock can currently be purchased for approximately $61.92.

How much money does Mercury General make?

Mercury General has a market capitalization of $3.43 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.

How many employees does Mercury General have?

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.

Where are Mercury General's headquarters?

Mercury General is headquartered at 4484 WILSHIRE BOULEVARD, LOS ANGELES CA, 90010.

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 3/5/2021 by MarketBeat.com Staff

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