Mercury General Corporation (MCY)
| Market Cap | 2.89B |
| Revenue (ttm) | 5.48B |
| Net Income (ttm) | 467.95M |
| Shares Out | 55.39M |
| EPS (ttm) | 8.45 |
| PE Ratio | 6.18 |
| Forward PE | 22.81 |
| Dividend | $1.27 (2.43%) |
| Ex-Dividend Date | Mar 13, 2025 |
| Volume | 647,030 |
| Open | 52.92 |
| Previous Close | 52.28 |
| Day's Range | 51.16 - 52.92 |
| 52-Week Range | 44.19 - 80.72 |
| Beta | 0.87 |
| Analysts | Strong Buy |
| Price Target | 80.00 (+53.17%) |
| Earnings Date | Feb 11, 2025 |
About 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 cover... [Read more]
Financial Performance
In 2024, Mercury General's revenue was $5.48 billion, an increase of 18.27% compared to the previous year's $4.63 billion. Earnings were $467.95 million, an increase of 385.75%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for MCY stock is "Strong Buy" and the 12-month stock price forecast is $80.0.
News
AM Best Revises Outlooks to Negative for Mercury General Corporation and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating...
Mercury General Corporation (MCY) Q4 2024 Earnings Call Transcript
Mercury General Corporation (NYSE:MCY) Q4 2024 Earnings Call February 12, 2025 12:00 PM ET Company Participants Gabriel Tirador - Chief Executive Officer Victor Joseph - President and Chief Operating...
Mercury General Corporation Announces Fourth Quarter and Fiscal 2024 Results and Declares Quarterly Dividend
LOS ANGELES , Feb. 11, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2024 results: Consolidated Highlights Three Months Ended December 31, C...
MERCURY GENERAL CORPORATION TO DISCUSS FOURTH QUARTER 2024 RESULTS AND THE RECENT SOUTHERN CALIFORNIA WILDFIRES ON FEBRUARY 12, 2025
(Follow-Up to January 24 th Press Release with Access Information) LOS ANGELES , Feb. 5, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) will host an investor conference call and webcast ...
Mercury Insurance Offers Essential Winter Car Preparation Tips
Ensure your vehicle is ready to handle colder weather and challenging road conditions LOS ANGELES , Jan. 30, 2025 /PRNewswire/ -- As winter approaches, drivers face potential challenges like icy roads...
3 Insurance Stocks to Sell After LA's Wildfires
The financial damage inflicted on Los Angeles after January's massive wildfires has put homeowners on the brink and placed insurance companies in jeopardy.
MERCURY GENERAL CORPORATION TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 11, 2025
LOS ANGELES , Jan. 22, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 11, 2025, the Company will issue an earnings press ...
Safety Insurance Vs. Mercury General: A Tale Of Two Insurers
Safety Insurance shows improvement but still struggles with underwriting losses; maintaining a "HOLD" rating due to ongoing challenges and valuation concerns. Mercury General has turned a corner with ...
Top 4 Financial Stocks You'll Regret Missing This Month
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
Mercury General Corporation Provides Additional Information Regarding Recent Wildfires in Southern California and Its Reinsurance Program
LOS ANGELES , Jan. 20, 2025 /PRNewswire/ -- Mercury General Corporation (the "Company" or "Mercury") is providing more information about the recent Southern California Wildfires, known as the Palisade...
Mercury General: Should You Buy The Dip?
Mercury General Corporation faces significant exposure to LA wildfires due to its high concentration of homeowners insurance in California. Despite the potential $251 million hit, Mercury's reinsuranc...
Mercury Insurance Gives Update on Primary Mission: Helping Policyholders Affected by the Southern California Wildfires
Company Stands With Californians as They Begin Their Rebuilding Efforts LOS ANGELES , Jan. 17, 2025 /PRNewswire/ -- Mercury Insurance is providing comprehensive support to its customers impacted by th...
Insurance Fallout Of The California Fires
Climate change and extreme weather events, particularly wildfires, are increasingly impacting the profitability of Property & Casualty insurance companies. Insurance companies are adapting by raising ...
California Wildfires, Mercury General's Opportunity Amid Crisis (Rating Upgrade)
The Los Angeles wildfires, while tragic, may present an opportunity for Mercury General due to potential market exits by other insurers and possible price increases. Mercury General's exposure to auto...
Mercury General Corporation Provides Preliminary Information Regarding Recent Wildfires in Southern California
LOS ANGELES , Jan. 10, 2025 /PRNewswire/ -- Mercury General Corporation (the "Company," "Mercury" or "We") announced today its preliminary assessment of the impact of the recent wildfires in Southern ...
Mercury General Stock Craters. Why the Insurer Is Bearing the Brunt of the L.A.
Almost 80% of the insurer's premiums of $4.6 billion last year came from California, leaving it highly exposed to the blaze.
Mercury Insurance is Ready to Help Victims of the Wildfires in Southern California
Company prepared to assist policyholders who have suffered home or auto loss; need living expenses reimbursement; or to file a claim for covered losses LOS ANGELES , Jan. 8, 2025 /PRNewswire/ -- The r...
Mercury Becomes First Major Insurance Company to Return to Paradise California as City's Rebuilding Efforts Gain Momentum
Innovative City Planning and State Officials' Leadership Pave the Way for Mercury Insurance to Begin Offering Homeowners Coverage to Paradise Residents in the Wake of Catastrophic Wildfire PARADISE, C...
Anaheim Ducks Game Day Just Got A Whole Lot More Exciting!
Mercury Insurance and Ducks Launch Pro Tip Trivia Game to Provide Fans with Helpful Life Pro Tips; Winners Will Receive Ducks Jerseys LOS ANGELES , Dec. 18, 2024 /PRNewswire/ -- How often should you ...
Bodily Injury Costs Increase in Arizona, According to Mercury Insurance
Mercury's New Umbrella Insurance Better Protects Arizonans' Personal Wealth Against Bodily Injury Claims LOS ANGELES , Dec. 16, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery pers...
Mercury Insurance and Los Angeles Kings Unveil Hockeywood Wall of Fame to Honor Community Heroes
New Initiative Celebrates Everyday Champions Making a Positive Impact in Los Angeles LOS ANGELES , Nov. 19, 2024 /PRNewswire/ -- Mercury Insurance, in partnership with the Los Angeles Kings, has launc...
Mercury Insurance Shares Essential Tips for Preparing Your Home for Fall
As cooler weather approaches, homeowners are encouraged to take steps to ensure their homes are ready for the changing season LOS ANGELES , Nov. 13, 2024 /PRNewswire/ -- With fall upon us, homeowners ...
Mercury Insurance is Ready to Help Victims of the Mountain Fire in California
Company prepared to assist policyholders who have suffered home or auto loss, need living expenses reimbursement or to file a claim for covered losses LOS ANGELES , Nov. 8, 2024 /PRNewswire/ -- The re...
Mercury Insurance and Los Angeles Kings Come Together to Spice Up the Season for Fans Inside and Outside Crypto.com Arena
New Activations Bring the Game Alive for Fans at the Game and at Home LOS ANGELES , Nov. 7, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) is making sure that no Los Angeles Kings fan is left behi...
Mercury General: Turning Lead Into Gold
Mercury General faced operational challenges and high loss ratios in 2022, compounded by a dividend reduction that resulted in the loss of its "dividend aristocrat" status. In response to these challe...