Should I buy or sell Mercury General stock right now?

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 .

What is Mercury General's stock price target for 2024?

1 Wall Street analysts have issued twelve-month price objectives 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 37.3%. View analysts price targets for MCY or view top-rated stocks among Wall Street analysts .

How have MCY shares performed in 2024?

Mercury General's stock was trading at $37.31 on January 1st, 2024. Since then, MCY shares have increased by 41.2% and is now trading at $52.67. View the best growth stocks for 2024 here .

Are investors shorting Mercury General?

Mercury General saw a increase in short interest during the month of 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 short-interest ratio is presently 2.7 days. Currently, 2.0% of the company's shares are short sold. View Mercury General's Short Interest .

When is Mercury General's next earnings date?

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

How were Mercury General's earnings last quarter?

Mercury General Co. (NYSE:MCY) announced its quarterly earnings data on Tuesday, February, 13th. The insurance provider reported $1.15 earnings per share 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 analysts' expectations of $1.16 billion. Mercury General had a net margin of 2.08% and a trailing twelve-month return on equity of 1.17%.

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

Mercury General announced a quarterly dividend on Tuesday, February 13th. Stockholders 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 2.41%. The ex-dividend date of this dividend is Tuesday, March 12th. Read our dividend analysis for MCY .

Is Mercury General a good dividend stock?

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 .

What ETFs hold Mercury General's stock?

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) .

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

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.

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) .

Who are Mercury General's major shareholders?

Mercury General's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Capital CS Group LLC (0.02%), Range Financial Group LLC (0.02%), Counterpoint Mutual Funds LLC (0.02%), Diversified Trust Co (0.01%), Allspring Global Investments Holdings LLC (0.01%) and Los Angeles Capital Management LLC (0.01%). 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 .

NYSE:MCY

Mercury General (MCY) Stock Price, News & Analysis

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$54.90

+2.23 (+4.23%)

(As of 08:57 AM ET)

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Today's Range: $54.90
▼
$54.90
50-Day Range: $40.35
▼
$53.37
52-Week Range: $26.15
▼
$54.90

Volume: 1,801 shs
Average Volume: 207,478 shs
Market Capitalization: $3.04 billion

P/E Ratio: 31.55
Dividend Yield: 2.31%
Price Target: $33.00

Get Mercury General alerts:

Mercury General MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 37.3% Downside
$33.00 Price Target
Short Interest: Healthy
1.72% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.82
Upright™ Environmental Score
News Sentiment: 0.02
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 34.48%
From $2.90 to $3.90 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Finance Sector

243rd out of 850 stocks

Fire, Marine, & Casualty Insurance Industry

13th out of 51 stocks

1.5

Analyst's Opinion

Consensus Rating
Mercury General has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Mercury General has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.72% 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 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Mercury General has recently decreased by 11.65%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Mercury General pays a meaningful dividend of 2.44%, 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 72.99%. 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 32.56% next year. This indicates that Mercury General will be able to sustain or increase its dividend.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Mercury General has received a 5.66% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home insurance services for individuals", "Home contents insurance services for individuals", and "Landlord's insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Mercury General is -0.82.

2.2

News and Social Media Coverage

News Sentiment
Mercury General has a news sentiment score of 0.02. 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 is a lower news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Mercury General this week, compared to 2 articles on an average week.
Search Interest
5 people have searched for MCY on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Mercury General to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

2.5

Company Ownership

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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Mercury General are expected to grow by 34.48% in the coming year, from $2.90 to $3.90 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Mercury General is 30.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Mercury General is 30.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.40.
Price to Book Value per Share Ratio
Mercury General has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Mercury General Stock (NYSE:MCY)

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.

MCY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MCY Stock News Headlines

April 18, 2024 | americanbankingnews.com

Mercury General (NYSE:MCY) Lowered to Buy at StockNews.com

April 18, 2024 | tmcnet.com

Mercury Launches Personal Banking

April 19, 2024 | InvestorPlace (Ad)

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April 12, 2024 | finance.yahoo.com

Mercury General (MCY) Stock Moves -0.68%: What You Should Know

April 9, 2024 | prnewswire.com

MERCURY GENERAL CORPORATION TO REPORT FIRST QUARTER RESULTS ON APRIL 30, 2024

April 3, 2024 | prnewswire.com

Bodily Injury Costs Increase in Texas, According to Mercury Insurance

April 2, 2024 | prnewswire.com

Mercury Insurance Offers New Coverages and Discounts in New Jersey

March 29, 2024 | prnewswire.com

Mercury Insurance Shares 4 Ways to Achieve Financial Empowerment in 2024

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March 28, 2024 | finance.yahoo.com

Mercury General (NYSE:MCY) rallies 8.3% this week, taking one-year gains to 71%

March 14, 2024 | finance.yahoo.com

Mercury Insurance Continues Partnership with Flume Water Monitor to Help Policyholders Reduce Water Leaks

March 14, 2024 | prnewswire.com

Mercury Insurance Continues Partnership with Flume Water Monitor to Help Policyholders Reduce Water Leaks

March 12, 2024 | prnewswire.com

Forbes Names Mercury Insurance One of America's Best Mid-Sized Employers for 2024

March 8, 2024 | finance.yahoo.com

Mercury Insurance Offers Tips to Minimize Your Auto-Related Expenses

February 27, 2024 | finance.yahoo.com

Newsweek Names Mercury Insurance one of its 2024 America's Greatest Workplaces for Diversity

February 27, 2024 | prnewswire.com

Newsweek Names Mercury Insurance one of its 2024 America's Greatest Workplaces for Diversity

February 24, 2024 | msn.com

Mercury General (MCY) Price Target Increased by 22.22% to 56.10

February 20, 2024 | finance.yahoo.com

What Makes Mercury General (MCY) a Strong Momentum Stock: Buy Now?

February 19, 2024 | finance.yahoo.com

Earnings Estimates Rising for Mercury General (MCY): Will It Gain?

February 17, 2024 | finance.yahoo.com

MCY Mar 2024 30.000 put

February 16, 2024 | finance.yahoo.com

Mercury General Corporation Just Reported A Surprise Profit, And Analysts Lifted Their Estimates

February 15, 2024 | finance.yahoo.com

AM Best Affirms Credit Ratings of Mercury General Corporation and Its Subsidiaries

February 15, 2024 | finance.yahoo.com

Mercury General Corporation's (NYSE:MCY) Stock Going Strong But Fundamentals Look Weak: What Implications Could This Have On The Stock?

February 13, 2024 | finance.yahoo.com

Mercury General (MCY) Surpasses Q4 Earnings and Revenue Estimates

February 13, 2024 | benzinga.com

Mercury General: Q4 Earnings Insights

February 13, 2024 | finance.yahoo.com

Mercury General Corporation Announces Fourth Quarter and Fiscal 2023 Results and Declares Quarterly Dividend

February 13, 2024 | finance.yahoo.com

Mercury General Corp (MCY) Posts Turnaround with Strong Q4 and Fiscal 2023 Results

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Ex-Dividend for 3/27 Dividend: 3/12/2024
Dividend Payable: 3/27/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/30/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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

Price Target and Rating

Average Stock Price Target: $33.00
High Stock Price Target: $33.00
Low Stock Price Target: $33.00
Potential Upside/Downside: -37.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.74
Trailing P/E Ratio: 30.27
Forward P/E Ratio: 18.16
P/E Growth: N/A
Net Income: $96.34 million
Net Margins: 2.08%
Pretax Margin: -3.54%
Return on Equity: 1.17%
Return on Assets: 0.25%

Debt

Debt-to-Equity Ratio: 0.42
Current Ratio: 0.30
Quick Ratio: 0.30

Sales & Book Value

Annual Sales: $4.63 billion
Price / Sales: 0.63
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $27.49 per share
Price / Book: 1.92

Miscellaneous

Outstanding Shares: 55,370,000
Free Float: 35,714,000
Market Cap: $2.92 billion
Optionable: Optionable
Beta: 0.80

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Key Executives

Mr. George Victor Joseph (Age 102)
Executive Chairman of the Board
Comp: $1.28M
Mr. Gabriel Tirador (Age 59)
CEO & Director
Comp: $1.31M
Mr. Victor George Joseph (Age 37)
President, COO & Director
Comp: $523.54k
Mr. Theodore Robert Stalick (Age 61)
Senior VP & CFO
Comp: $874.55k
Mr. Christopher Wadewitz Graves (Age 58)
VP & Chief Investment Officer
Comp: $676.25k
Mr. Wilson Pang B.E. (Age 47)
VP & Chief Technology Officer
Mr. Brandt N. Minnich (Age 57)
VP & Chief Sales Development Officer
Mr. Erik Dahl Thompson (Age 55)
VP & Chief Marketing Officer
Ms. Heidi C. Sullivan (Age 55)
VP & Chief Human Capital Officer
Mr. Randall R. Petro (Age 60)
VP & Chief Claims Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MCY Stock Analysis - Frequently Asked Questions

Should I buy or sell Mercury General stock right now?: 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.
What is Mercury General's stock price target for 2024?: 1 Wall Street analysts have issued twelve-month price objectives 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 37.3%.
View analysts price targets for MCY or view top-rated stocks among Wall Street analysts.
How have MCY shares performed in 2024?: Mercury General's stock was trading at $37.31 on January 1st, 2024. Since then, MCY shares have increased by 41.2% and is now trading at $52.67.
View the best growth stocks for 2024 here.
Are investors shorting Mercury General?: Mercury General saw a increase in short interest during the month of 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 short-interest ratio is presently 2.7 days. Currently, 2.0% of the company's shares are short sold.
View Mercury General's Short Interest.
When is Mercury General's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our MCY earnings forecast.
How were Mercury General's earnings last quarter?: Mercury General Co. (NYSE:MCY) announced its quarterly earnings data on Tuesday, February, 13th. The insurance provider reported $1.15 earnings per share 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 analysts' expectations of $1.16 billion. Mercury General had a net margin of 2.08% and a trailing twelve-month return on equity of 1.17%.
How often does Mercury General pay dividends? What is the dividend yield for Mercury General?: Mercury General announced a quarterly dividend on Tuesday, February 13th. Stockholders 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 2.41%. The ex-dividend date of this dividend is Tuesday, March 12th.
Read our dividend analysis for MCY.

Is Mercury General a good dividend stock?: 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.
What ETFs hold Mercury General's stock?: 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).
What is Gabriel Tirador's approval rating as Mercury General's CEO?: 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.
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).
Who are Mercury General's major shareholders?: Mercury General's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Capital CS Group LLC (0.02%), Range Financial Group LLC (0.02%), Counterpoint Mutual Funds LLC (0.02%), Diversified Trust Co (0.01%), Allspring Global Investments Holdings LLC (0.01%) and Los Angeles Capital Management LLC (0.01%).
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.

This page (NYSE:MCY) was last updated on 4/19/2024 by MarketBeat.com Staff

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Mercury General (MCY) Stock Price, News & Analysis

Mercury General MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Mercury General Stock (NYSE:MCY)

MCY Stock Price History

MCY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

MCY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™