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NYSE:MCY

Mercury General (MCY) Stock Price, News & Analysis

Mercury General logo
$67.71
-4.15 (-5.78%)
(As of 10/31/2024 ET)

About Mercury General Stock (NYSE:MCY)

Key Stats

Today's Range
$67.69
$71.72
50-Day Range
$57.85
$71.76
52-Week Range
$30.17
$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

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.

Mercury General Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
77th Percentile Overall Score

MCY 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.

  • 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.

  • Read more about Mercury General's valuation and earnings.
  • 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 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.

  • Read more about Mercury General's dividend.
  • 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 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.
  • 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.

  • Read more about Mercury General's insider trading history.
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MCY Stock News Headlines

Mercury General: Turning Lead Into Gold
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Mercury General Reports Strong Q3 2024 Results
Mercury General reports Q3 operating EPS $2.54 vs. $1.14 last year
Mercury General Corp. Q3 Earnings Summary
See More Headlines

MCY Stock Analysis - Frequently Asked Questions

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
.

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%.

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
.

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.

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

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
58940010
Employees
4,100
Year Founded
1962

Profitability

Net Income
$96.34 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$4.63 billion
Book Value
$27.49 per share

Miscellaneous

Free Float
35,714,000
Market Cap
$3.74 billion
Optionable
Optionable
Beta
0.81

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This page (NYSE:MCY) was last updated on 10/31/2024 by MarketBeat.com Staff
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