Mercury General (MCY) Stock Price, News & Analysis

Company Overview

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, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages. The company sells its policies through a network of independent agents, insurance agencies, as well as directly through internet sales portals 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.

Key Stats

• Today's Range: $67.69 to $71.72
• 50-Day Range: $57.85 to $71.76
• 52-Week Range: $30.17 to $73.72
• Volume: 363,814 shs
• Average Volume: 234,650 shs
• Market Capitalization: $3.75 billion
• P/E Ratio: 11.73
• Dividend Yield: 1.88%
• Price Target: N/A
• Consensus Rating: N/A

Mercury General Stock Analysis - MarketRank™

Mercury General scored higher than 77% of companies evaluated by MarketBeat, and ranked 341st out of 940 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Mercury General.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 50.00%

Earnings Growth

Earnings for Mercury General are expected to grow by 50.00% in the coming year, from $4.00 to $6.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Mercury General is 11.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Mercury General is 11.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.32.

Price to Book Value per Share Ratio

Mercury General has a P/B Ratio of 2.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.58% of the float of Mercury General has been sold short.

Short Interest Ratio / Days to Cover

Mercury General has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mercury General has recently increased by 2.38%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Mercury General pays a meaningful dividend of 1.89%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Mercury General does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Mercury General is 22.01%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Mercury General will have a dividend payout ratio of 21.17% next year. This indicates that Mercury General will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.2 / 5
• Environmental Score: -0.82

Percentage of Shares Shorted

2.58% of the float of Mercury General has been sold short.

Short Interest Ratio / Days to Cover

Mercury General has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Mercury General has recently increased by 2.38%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.63

News Sentiment

Mercury General has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 14 news articles for Mercury General this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for MCY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Mercury General insiders have not sold or bought any company stock.

Percentage Held by Insiders

35.50% of the stock of Mercury General is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

42.39% of the stock of Mercury General is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MCY Stock Analysis - Frequently Asked Questions

How have MCY shares performed this year?

Mercury General's stock was trading at $37.31 at the beginning of the year. Since then, MCY stock has increased by 84.9% and is now trading at $68.98.
View the best growth stocks for 2024 here.

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) announced its quarterly earnings results on Tuesday, July, 30th. The insurance provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.29. The insurance provider earned $1.30 billion during the quarter, compared to analyst estimates of $1.33 billion. Mercury General had a net margin of 6.36% and a trailing twelve-month return on equity of 14.91%.

Who are Mercury General's major shareholders?

Top institutional investors of Mercury General include Assenagon Asset Management S.A. (0.39%), Gunderson Capital Management Inc. (0.10%), New York State Teachers Retirement System (0.08%) and Absher Wealth Management LLC (0.07%).
View institutional ownership trends.

How do I buy shares of Mercury General?

Shares of MCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Mercury General own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Mercury General investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

• Last Earnings: 7/30/2024
• Ex-Dividend for 9/26 Dividend: 9/12/2024
• Dividend Payable: 9/26/2024
• Today: 10/31/2024
• Ex-Dividend for 12/26 Dividend: 12/12/2024
• Dividend Payable: 12/26/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Property & Casualty Insurance
• Current Symbol: NYSE:MCY
• CUSIP: 58940010
• CIK: 64996
• Web: www.mercuryinsurance.com
• Phone: (323) 937-1060
• Fax: 323-857-7116
• Employees: 4,100
• Year Founded: 1962

Profitability

• EPS (Most Recent Fiscal Year): $5.77
• Trailing P/E Ratio: 11.72
• Forward P/E Ratio: 16.91
• P/E Growth: N/A
• Net Income: $96.34 million
• Net Margins: 6.36%
• Pretax Margin: N/A
• Return on Equity: 14.91%
• Return on Assets: 3.13%

Debt

• Debt-to-Equity Ratio: 0.35
• Current Ratio: 0.31
• Quick Ratio: 0.31

Sales & Book Value

• Annual Sales: $4.63 billion
• Price / Sales: 0.81
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $27.49 per share
• Price / Book: 2.46

Miscellaneous

• Outstanding Shares: 55,370,000
• Free Float: 35,714,000
• Market Cap: $3.74 billion
• Optionable: Optionable
• Beta: 0.81