Mercury General Corporation (MCY)

NYSE: MCY · IEX Real-Time Price · USD
30.76
+0.56 (1.85%)
Mar 21, 2023, 4:00 PM EDT - Market closed
1.85%
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]

Sector Financials
Founded 1961
Employees 4,300
Stock Exchange NYSE
Ticker Symbol MCY
Full Company Profile

Financial Performance

Financial Statements

Analyst 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.

Price Target
$45.9
(49.22% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

Other symbols: CLDUKMCDLOWUL
22 hours ago - InvestorPlace

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...

2 weeks ago - PRNewsWire

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...

1 month ago - PRNewsWire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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.

1 month ago - Zacks Investment Research

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 ...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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...

2 months ago - PRNewsWire

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 ...

2 months ago - PRNewsWire

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.

Other symbols: MTGVOYA
2 months ago - Zacks Investment Research

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.

Other symbols: EIGMTG
3 months ago - Zacks Investment Research

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/ -- ...

3 months ago - 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...

3 months ago - PRNewsWire

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...

3 months ago - Zacks Investment Research

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...

3 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

4 months ago - PRNewsWire

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...

Other symbols: AVAVEIGLW
4 months ago - Zacks Investment Research

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...

4 months ago - Zacks Investment Research

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.

Other symbols: EIGTCOM
4 months ago - Zacks Investment Research

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 ...

4 months ago - Market Watch

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?

4 months ago - Zacks Investment Research

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...

5 months ago - PRNewsWire

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.

5 months ago - Market Watch