Mercury General Corporation (MCY)

NYSE: MCY · IEX Real-Time Price · USD
49.09
-1.00 (-2.00%)
Feb 27, 2024, 11:47 AM EST - Market open
-2.00%
Market Cap 2.77B
Revenue (ttm) 4.63B
Net Income (ttm) 96.34M
Shares Out 55.37M
EPS (ttm) 1.74
PE Ratio 28.63
Forward PE 17.01
Dividend $1.27 (2.59%)
Ex-Dividend Date Mar 12, 2024
Volume 52,973
Open 50.10
Previous Close 50.09
Day's Range 49.02 - 50.10
52-Week Range 26.15 - 52.42
Beta 0.76
Analysts Buy
Price Target 33.00 (-32.78%)
Earnings Date Feb 13, 2024

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]

Sector Financials
Founded 1961
Employees 4,100
Stock Exchange NYSE
Ticker Symbol MCY
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to one analyst, the rating for MCY stock is "Buy" and the 12-month stock price forecast is $33.0.

Price Target
$33.0
(-32.78% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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

LOS ANGELES , Feb. 13, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2023 results: Consolidated Highlights Three Months EndedDecember 31, Ch...

13 days ago - PRNewsWire

Mercury Insurance Invests in a New Vision of Data Science with the Appointment of Chief Data Analytics Officer

Simon Zhang will spearhead effort to unlock Mercury's deep data and analytics resources to fuel the company's innovation efforts and improve customer experiences LOS ANGELES , Feb. 8, 2024 /PRNewswire...

18 days ago - PRNewsWire

MERCURY GENERAL CORPORATION TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 13, 2024

LOS ANGELES , Jan. 16, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 13, 2024, the Company will issue an earnings press ...

5 weeks ago - PRNewsWire

Mercury Insurance Partners with LA Kings to Bring First-of-Their-Kind Experiences to Fans

"Where's Bailey?" Augmented Reality Experience Features LA-centric Art from World Renowned Muralist Nigel Sussman LOS ANGELES , Dec. 20, 2023 /PRNewswire/ -- Mercury Insurance and the Los Angeles King...

2 months ago - PRNewsWire

Mercury Insurance Offers Winter Safety Guide to Navigate Rain and Snow

Mercury's Experts Provide Handy Tips for Winter Driving Challenges LOS ANGELES , Dec. 19, 2023 /PRNewswire/ -- Winter road trips can be an exciting adventure, yet they are not without risks. Drivers m...

2 months ago - PRNewsWire

Mercury Insurance Offers Home Safety Tips to Keep the Holiday Season Merry and Bright

Whether hosting loved ones or traveling out of town, homeowners should ensure their property is protected from holiday mishaps LOS ANGELES , Dec. 14, 2023 /PRNewswire/ -- The holiday season is a time ...

2 months ago - PRNewsWire

Victor Joseph Promoted to President & Chief Operating Officer of Mercury General Corporation

Underscores Mercury's long-term vision for a strong and vibrant future LOS ANGELES , Dec. 13, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) announced today that Victor Joseph has been n...

2 months ago - PRNewsWire

Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend

LOS ANGELES , Oct. 31, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2023: Consolidated Highlights Three Months Ended September 30, Change Nine M...

4 months ago - PRNewsWire

Mercury Insurance Continues Partnership with Anaheim Ducks in Celebration of Team's 30th Season

Mercury's "My First Game" campaign returns, providing select fans with game tickets and more LOS ANGELES , Oct. 11, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) proudly announces its continued s...

4 months ago - PRNewsWire

MERCURY GENERAL CORPORATION TO REPORT THIRD QUARTER RESULTS ON OCTOBER 31, 2023

LOS ANGELES , Oct. 10, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, October 31, 2023, the Company will issue an earnings press r...

5 months ago - PRNewsWire

Mercury Insurance Crowned LA Kings' First Jersey Patch Partner, Extending Historic Partnership

Extended Multi-Year Agreement Solidifies Mercury as the NHL Team's Inaugural Jersey Patch Partner, Celebrating 16 Years of Collaboration and Commitment to Southern California Communities LOS ANGELES ,...

5 months ago - PRNewsWire

Bodily Injury Costs Increase in California, According to Mercury Insurance

Mercury's new umbrella insurance better protects Californians' personal wealth  against bodily injury claims LOS ANGELES , Sept. 14, 2023 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery...

5 months ago - PRNewsWire

Mercury Insurance Continues to Transform Technology and Innovation Practice with Industry Leading Talent

Cameron Nordholm joins Mercury as Head of Technical Product with the aim of accelerating carrier's development of solutions for customers, agents and team members LOS ANGELES , Sept. 13, 2023 /PRNewsw...

5 months ago - PRNewsWire

Mercury Insurance Advises Policyholders to Prepare for Hurricane Idalia

Mercury offers tips to help auto and homeowners protect their families and property before severe weather arrives   LOS ANGELES , Aug. 29, 2023 /PRNewswire/ -- In anticipation of Hurricane Idalia, hur...

6 months ago - PRNewsWire

Mercury Insurance Ready to Assist Policyholders Impacted by Tropical Storm Idalia

Policyholders can report claims anytime online through Mercury's automated digital experience or through the claims hotline at 800-503-3724 LOS ANGELES , Aug. 29, 2023 /PRNewswire/ -- Mercury Insuranc...

6 months ago - PRNewsWire

Mercury Insurance Advises Homeowners to Prepare for Hurricane Hilary

Mercury offers tips to help policyholders protect their families and property before severe weather arrives LOS ANGELES , Aug. 18, 2023 /PRNewswire/ -- In anticipation of Hurricane Hilary, tropical st...

6 months ago - PRNewsWire

Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend

LOS ANGELES , Aug. 1, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the second quarter of 2023: Consolidated Highlights Three Months Ended June 30, Change Six Months ...

7 months ago - PRNewsWire

Mercury Names the Most Affordable 2023 Electric Vehicles to Insure

Kia Soul EV  tops the list for the second consecutive year LOS ANGELES , July 31, 2023 /PRNewswire/ -- The number of electric vehicles (EVs) available on the marketplace continues to grow and the cost...

7 months ago - PRNewsWire

Mercury Insurance Names the Most Affordable New-Trucks and -SUVs to Insure

Chevrolet takes top two truck spots with Ford taking five spots in the top ten; Fiat is the most budget-friendly SUV to insure with Honda having three in the top ten LOS ANGELES , July 28, 2023 /PRNew...

7 months ago - PRNewsWire

Mercury Insurance Names the Most Affordable New Sedans to Insure

Mazda 2 tops this year's list LOS ANGELES , July 27, 2023 /PRNewswire/ -- Select sedan models are once again some of the most affordable vehicles to purchase and own, including insurance, according to...

7 months ago - PRNewsWire

Mercury Insurance Launches Video Series to Promote Wildfire Preparedness in California

Mercury's new video series empowers Californians to prepare and protect LOS ANGELES , July 14, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) today announced the debut of a new video series design...

8 months ago - PRNewsWire

MERCURY GENERAL CORPORATION TO REPORT SECOND QUARTER RESULTS ON AUGUST 1, 2023

LOS ANGELES , July 11, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, August 1, 2023, the Company will issue an earnings press rel...

8 months ago - PRNewsWire

Mercury Insurance Offers New Coverages and Discounts in Nevada

Mercury's new added protection comes with environmentally-friendly perks, while discounts put hard-earned money back in the pockets of policyholders  LOS ANGELES , June 30, 2023 /PRNewswire/ -- Mercur...

8 months ago - PRNewsWire

As the Electric Vehicle Market Matures, Mercury Underscores the Importance of Insurance

Not all EVs are created equal in the eyes of insurance and buyers should consider upfront costs as well as repair costs when buying a new vehicle  LOS ANGELES , June 29, 2023 /PRNewswire/ -- Battery e...

8 months ago - PRNewsWire

Mercury Insurance Details the Most Common Causes of Homeowners Claims

Three helpful tips to mitigate problems  LOS ANGELES , June 28, 2023 /PRNewswire/ -- The value of homeowners insurance is often thrust into the national spotlight when natural disasters happen. The de...

8 months ago - PRNewsWire