Mercury General Corporation (MCY)

NYSE: MCY · IEX Real-Time Price · USD
44.12
+0.11 (0.25%)
Jun 24, 2022 4:00 PM EDT - Market closed
0.25%
Market Cap 2.44B
Revenue (ttm) 3.81B
Net Income (ttm) -55.98M
Shares Out 55.37M
EPS (ttm) -1.01
PE Ratio n/a
Forward PE n/a
Dividend $2.54 (5.75%)
Ex-Dividend Date Jun 15, 2022
Volume 2,604,466
Open 44.07
Previous Close 44.01
Day's Range 43.88 - 45.64
52-Week Range 43.33 - 66.07
Beta 0.44
Analysts Sell
Price Target 66.30 (+50.3%)
Earnings Date Aug 2, 2022

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...]

Industry Insurance
Founded 1961
CEO Gabriel Tirador
Employees 4,300
Stock Exchange NYSE
Ticker Symbol MCY
Full Company Profile

Financial Performance

In 2021, MCY's revenue was $3.99 billion, an increase of 5.52% compared to the previous year's $3.78 billion. Earnings were $247.94 million, a decrease of -33.81%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for MCY stock is "Sell." The 12-month stock price forecast is 66.3, which is an increase of 50.27% from the latest price.

Price Target
$66.3
(50.27% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Mercury Insurance's Auto Claims Process Adds Digital Channel

Mercury's new web-based application enables policyholders to digitally submit a claim through an easy-to-use portal on their devices LOS ANGELES , June 8, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: M...

Mercury Insurance Offers New Coverages and Discounts in Illinois

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 8, 2022 /PRNewswire/ -- Mercury In...

5 Stocks to Sell or Avoid Now

It's been a horrific year so far for equities, and yet the market remains littered with stocks to sell in anticipation of even deeper losses. True, one of the worst starts to a year in market history ha...

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Mercury General (MCY) Reports Q1 Loss, Lags Revenue Estimates

Mercury General (MCY) delivered earnings and revenue surprises of -218.46% and 0.37%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Mercury General Corporation Announces First Quarter Results and Declares Quarterly Dividend

LOS ANGELES , May 3, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the first quarter of 2022: Consolidated Highlights Three Months Ended March 31, Change 2022 2021 $ % ...

MERCURY GENERAL CORPORATION TO REPORT FIRST QUARTER RESULTS ON MAY 3, 2022

LOS ANGELES , April 5, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, May 3, 2022, the Company will issue an earnings press release ...

Personal Touch, Helping Policyholders in Time of Need, and Affordable Rates are Keys to 60 Years of Success for Mercu...

One of the best insurance companies in America, according to Forbes, continues its mission of providing high quality protection at affordable rates LOS ANGELES , April 1, 2022 /PRNewswire/ -- Mercury In...

Deep Dive: 10 highest-yielding Dividend Aristocrat stocks for uncertain times as interest rates rise and economic gro...

Now that the Federal Reserve has started to raise interest rates to counter inflation, this is a good time to take a deep look at the S&P Dividend Aristocrats and isolate stocks with the highest yields....

Mercury Insurance Names the Most Affordable New Electric Vehicles to Insure

Kia Soul EV  tops the list for 2022 LOS ANGELES , March 15, 2022 /PRNewswire/ -- More consumers are looking to buy an electric vehicle (EV) now than ever before. Studies have shown that when asked about...

Mercury Insurance Water Leak Detection Program Aims to Save Water and Money for California Homeowners during Historic...

LOS ANGELES , March 10, 2022 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) announced it will be subsidizing the cost of smart home water monitoring devices from Flume, providing California homeowner pol...

Mercury General (MCY) Reports Q4 Loss, Tops Revenue Estimates

Mercury General (MCY) delivered earnings and revenue surprises of -158.97% and 0.02%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury General Corporation Announces Fourth Quarter and Fiscal 2021 Results and Declares Quarterly Dividend

LOS ANGELES, Feb. 15, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2021 results: Consolidated Highlights Three Months Ended December 31, Chan...

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.

2022 California Laws Impacting Insurance Needs

LOS ANGELES, Feb. 3, 2022 /PRNewswire/ -- New legislation has been ushered in for Californians this year. From property development to traffic regulations, some of the new laws may affect how California...

MERCURY GENERAL CORPORATION TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 15, 2022

LOS ANGELES, Jan. 18, 2022 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 15, 2022, the Company will issue an earnings press rel...

One Inc's Top-Tier Client Stable Grows as Mercury Insurance Launches ClaimsPay®

FOLSOM, Calif.--(BUSINESS WIRE)--One Inc, the leading digital payments network for the insurance industry, has announced Mercury Insurance, a national top 30 property and casualty carrier, has launched ...

3 Safe Dividend Yields for Income Starved Investors

Investors starved for income in this low-rate environment might be tempted to reach for high-yielding securities. This could be a mistake, as a high yield could be a sign of trouble with the underlying ...

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3 Safe Dividend Yields for Income-Starved Investors

Investors starved for income in this low-rate environment might be tempted to reach for high-yielding securities. This could be a mistake, as a high yield could be a sign of trouble with the underlying ...

Other symbols: DOWWU

Mercury Insurance is ready to Protect California Entrepreneurs with Small Business Insurance

LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, announced the company is offering Small Business Insurance for Cali...

Mercury Insurance Offers New Coverages and Discounts to Arizona Homeowners

LOS ANGELES , Nov. 19, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) today announces five new coverages and three new discounts available for homeowners in Arizona. Mercury's new coverages provide ...

Mercury Insurance Embraces Flexible Work Model with My Workplace

LOS ANGELES, Nov. 18, 2021 /PRNewswire/ -- Beginning January 3 rd, 2022, Mercury Insurance (NYSE: MCY) is rolling out Mercury's My Workplace, a new business model that will allow team members to choose ...

4 Cheap Insurance Stocks Paying Dividends

These insurance stocks are cheap by the standards of the Benjamin Graham value methodology: they're selling below book with low price-earnings ratios and they're paying dividends to investors. As market...

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Mercury General (MCY) Lags Q3 Earnings Estimates

Mercury General (MCY) delivered earnings and revenue surprises of -20.00% and 0.08%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Mercury General Corporation Announces Third Quarter Results and Increases Quarterly Dividend

LOS ANGELES, Nov. 2, 2021 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2021: Consolidated Highlights Three Months Ended September 30, Change Nine Month...

Earnings Preview: Mercury General (MCY) Q3 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.