Mercury General Corporation (MCY)
| Market Cap | 1.77B |
| Revenue (ttm) | 3.64B |
| Net Income (ttm) | -512.67M |
| Shares Out | 57.64M |
| EPS (ttm) | -9.26 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.59 (5.16%) |
| Ex-Dividend Date | Mar 14, 2023 |
| Volume | 219,303 |
| Open | 30.77 |
| Previous Close | 30.20 |
| Day's Range | 30.56 - 31.25 |
| 52-Week Range | 27.89 - 56.21 |
| Beta | 0.62 |
| Analysts | Buy |
| Price Target | 45.90 (+49.22%) |
| Earnings Date | May 2, 2023 |
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, fire, and other... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for MCY stock is "Buy." The 12-month stock price forecast is $45.9, which is an increase of 49.22% from the latest price.
News
7 Boring Stocks to Buy to Shield Against Banking Chaos
With rising fears of a market meltdown stemming from the fallout in the banking sector, boring stocks to buy make plenty of sense. By boring, we're not necessarily talking about the adjective in the l...
Mercury Insurance Hires Chief Technology Officer to Drive Digital Strategy
Wilson Pang to Supercharge Technological Innovation Focused on Today's Modern Customers LOS ANGELES , March 6, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY), a leading provider of prope...
Forbes Recognizes Mercury Insurance as One of America's Best Midsize Employers for 2023
Out of more than 4,200 insurance companies across the U.S., only 46 unique insurance carriers were awarded the designation of top employer. LOS ANGELES , Feb. 16, 2023 /PRNewswire/ -- Mercury Insuranc...
Mercury General (MCY) Reports Q4 Loss, Lags Revenue Estimates
Mercury General (MCY) delivered earnings and revenue surprises of -137.70% and 0.12%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Mercury General Corporation Announces Fourth Quarter and Fiscal 2022 Results and Declares Quarterly Dividend
LOS ANGELES , Feb. 14, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2022 results: Consolidated Highlights Three Months EndedDecember 31, Ch...
Earnings Preview: Mercury General (MCY) Q4 Earnings Expected to Decline
Mercury General (MCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Mercury Insurance to Celebrate 'Community Hero' at LA Kings Home Games
Developing relationships and serving our communities has helped to become a mainstay in the Golden State LOS ANGELES , Jan. 19, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) is continuing its 60 ...
Mercury Insurance and Anaheim Ducks Celebrate 'Community Champions'
Developing relationships and serving Southern Californians has helped build one of the Golden State's biggest insurance carriers LOS ANGELES , Jan. 19, 2023 /PRNewswire/ -- Mercury Insurance (NYSE: MC...
Mercury Insurance Ready to Assist California Policyholders Impacted by Recent Storms
Mercury policyholders can file a claim by calling the claims hotline at (800) 503-3724 LOS ANGELES , Jan. 14, 2023 /PRNewswire/ -- While California continues to experience heavy rains and severe flood...
MERCURY GENERAL CORPORATION TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 14, 2023
LOS ANGELES , Jan. 13, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 14, 2023, the Company will issue an earnings press ...
3 Insurance Stocks Wall Street Analysts Recommend for 2023
Technological advancements, exposure growth, better pricing, improving underwriting and strong capital position are aiding insurance players. VOYA, MTG and MCY are among the frontrunners.
3 Insurance Stocks Wall Street Analysts Think Will Rally in 2023
Insurance stocks like EIG, MCY and MTG are expected to give solid returns in 2023, banking on improved pricing, increased technology advancements, improving rate environment and global expansion.
Mercury Insurance partners with The Bear Fund and Cancer Support Community to Make a Dream Come True for a Young Cancer Patient
Emma Frommeyer and her family traveled to Los Angeles for a Hollywood concert experience and their first-ever visit to the ocean, courtesy of Mercury Cares LOS ANGELES , Dec. 20, 2022 /PRNewswire/ -- ...
Mercury Insurance Offers New Coverages and Discounts in Georgia
Mercury's new added protection comes with environmentally-friendly perks, while discounts put hard-earned money back in the pockets of policyholders LOS ANGELES , Dec. 19, 2022 /PRNewswire/ -- Mercury...
Are Investors Undervaluing Mercury General (MCY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...
Mercury Insurance Offers New Coverages and Discounts in Oklahoma
Mercury's new added protection comes with environmentally-friendly perks, while discounts put hard-earned money back in the pockets of policyholders LOS ANGELES , Dec. 12, 2022 /PRNewswire/ -- Mercury...
Mercury Insurance Recognized as 'Best of the Southland' by Los Angeles Times' Readers
Mercury named 'Best Shopping and Services' in the insurance category for the Greater Los Angeles Metropolitan Area for 2022 LOS ANGELES , Nov. 29, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) ha...
Mercury Offers a Holiday Buyer's Guide for Insurance Savings
The average household is expected to spend $1,455 1 on gifts this year. LOS ANGELES , Nov. 22, 2022 /PRNewswire/ -- The holiday season is in full swing across the country and consumers are turning the...
Bet on These 4 Low-Beta Stocks to Combat Market Volatility
It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Mercury General (MCY), Employers Holdings (EIG), AeroVironment Inc. (AVAV) and Lamb Weston Holdings Inc (LW) a...
Is Mercury General (MCY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...
Buy These 3 Low-Beta Stocks to Combat Market Volatility
It is imperative to build a portfolio of low-beta stocks to sail through a choppy market. Mercury General (MCY), Employers Holdings (EIG) and Trip.com Group (TCOM) are well-poised to gain.
Mercury General stock charges up toward 3-month higher after triple upgrade at Raymond James
Shares of Mercury General Corp. MCY, +12.92% charged up 12.9% toward a three-month high in afternoon trading Friday, after automobile insurance broker and agency writer received a triple upgrade from ...
Mercury General (MCY) Q3 Earnings Top Estimates
Mercury General (MCY) delivered earnings and revenue surprises of 150.91% and 0.62%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend
LOS ANGELES , Nov. 1, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2022: Consolidated Highlights Three Months Ended September 30, Change Nine Mo...
20 dividend stocks that may be safest if the Federal Reserves causes a recession
Investors cheered when a report last week showed the economy expanded in the third quarter after back-to-back contractions.