Mercury General (MCY) Stock Price, News & Analysis

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

1 brokerages have issued 12 month target prices for Mercury General's stock. Their MCY share price targets range from $33.00 to $33.00. On average, they expect the company's stock price to reach $33.00 in the next year. This suggests that the stock has a possible downside of 36.6%.
View analysts price targets for MCY or view top-rated stocks among Wall Street analysts.

Mercury General's stock was trading at $37.31 on January 1st, 2024. Since then, MCY shares have increased by 39.5% and is now trading at $52.03.
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Mercury General saw a increase in short interest in March. As of March 15th, there was short interest totaling 517,600 shares, an increase of 26.7% from the February 29th total of 408,400 shares. Based on an average trading volume of 194,600 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.0% of the company's stock are short sold.
View Mercury General's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our MCY earnings forecast.

Mercury General Co. (NYSE:MCY) posted its earnings results on Tuesday, February, 13th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $1.10. The insurance provider earned $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. Mercury General had a net margin of 2.08% and a trailing twelve-month return on equity of 1.17%.

Mercury General announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.317 per share on Wednesday, March 27th. This represents a $1.27 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, March 12th.
Read our dividend analysis for MCY.

Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 2.44%. The dividend payout ratio is 72.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCY will have a dividend payout ratio of 32.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCY.

ETFs with the largest weight of Mercury General (NYSE:MCY) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), Cambria Value and Momentum ETF (VAMO) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).Invesco S&P SmallCap 600 Revenue ETF (RWJ).

173 employees have rated Mercury General Chief Executive Officer Gabriel Tirador on Glassdoor.com. Gabriel Tirador has an approval rating of 84% among the company's employees.

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's stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital CS Group LLC (0.02%), Range Financial Group LLC (0.02%), Counterpoint Mutual Funds LLC (0.02%) and Los Angeles Capital Management LLC (0.01%).
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.
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