NYSE:MCY Mercury General (MCY) Stock Price, News & Analysis → Top 5 AI Stocks to Buy for 2024 (From Market Moving Trends) (Ad) Free MCY Stock Alerts $54.86 -0.04 (-0.07%) (As of 06/7/2024 08:52 PM ET) Add Compare Share Share Today's Range$54.61▼$55.3250-Day Range$50.75▼$59.2552-Week Range$27.27▼$59.89Volume207,700 shsAverage Volume222,269 shsMarket Capitalization$3.04 billionP/E Ratio14.10Dividend Yield2.31%Price Target$33.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Mercury General alerts: Email Address Mercury General MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside39.8% Downside$33.00 Price TargetShort InterestHealthy1.94% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-0.82Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth34.48%From $2.90 to $3.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.09 out of 5 starsFinance Sector283rd out of 816 stocksFire, Marine, & Casualty Insurance Industry21st out of 49 stocks 1.5 Analyst's Opinion Consensus RatingMercury General has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageMercury General has received no research coverage in the past 90 days.Read more about Mercury General's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.94% of the float of Mercury General has been sold short.Short Interest Ratio / Days to CoverMercury General has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Mercury General has recently decreased by 10.17%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMercury General pays a meaningful dividend of 2.32%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMercury General does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Mercury General is 32.65%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Mercury General will have a dividend payout ratio of 32.56% next year. This indicates that Mercury General will be able to sustain or increase its dividend.Read more about Mercury General's dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMercury General has received a 5.66% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home insurance services for individuals", "Home contents insurance services for individuals", and "Landlord's insurance services for individuals" products. See details.Environmental SustainabilityThe Environmental Impact score for Mercury General is -0.82. Previous Next 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Mercury General this week, compared to 2 articles on an average week.MarketBeat Follows2 people have added Mercury General to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Mercury General insiders have not sold or bought any company stock.Percentage Held by Insiders35.50% of the stock of Mercury General is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions42.39% of the stock of Mercury General is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Mercury General's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Mercury General are expected to grow by 34.48% in the coming year, from $2.90 to $3.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Mercury General is 14.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.31.Price to Earnings Ratio vs. SectorThe P/E ratio of Mercury General is 14.10, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 53.72.Price to Book Value per Share RatioMercury General has a P/B Ratio of 2.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Mercury General's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Daily Market AlertsTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world's most powerful tech companies (including Microsoft, Intel, and Google) investing billions. And one tiny company will be the driving force behind this new tech revolution…Click below for your free report "Top 5 Tech Stocks to Buy in 2024", About Mercury General Stock (NYSE: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 coverages. The company sells its policies through a network of independent agents, insurance agencies, as well as directly through internet sales portals in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. Mercury General Corporation was founded in 1961 and is headquartered in Los Angeles, California.Read More MCY Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MCY Stock News HeadlinesJune 6, 2024 | prnewswire.comMercury Insurance Expert Offers Tips to Avoid Becoming a Victim of Insurance FraudMay 29, 2024 | prnewswire.comMercury Insurance is Ready to Assist Texas/Oklahoma Policyholders Impacted by Heavy StormsMay 29, 2024 | prnewswire.comMercury Insurance is Ready to Assist Texas/Oklahoma Policyholders Impacted by Heavy StormsMay 28, 2024 | prnewswire.comBodily Injury Costs Increase in Oklahoma, According to Mercury InsuranceMay 9, 2024 | finance.yahoo.comMercury Insurance and Tokio Marine America Partner to Help Thousands of Californians Facing Non-renewalsMay 6, 2024 | finance.yahoo.comPreparedness is Key for Homeowners as the 2024 Hurricane Season BeginsMay 3, 2024 | fool.comMercury General (NYSE: MCY)May 2, 2024 | finance.yahoo.comMercury General First Quarter 2024 Earnings: Beats ExpectationsMay 1, 2024 | msn.comSoaring Premiums, Soaring Profits: 3 Top Insurance Stocks to Own NowApril 30, 2024 | markets.businessinsider.comMCY Stock Earnings: Mercury General Beats EPS, Beats Revenue for Q1 2024April 30, 2024 | finance.yahoo.comMercury General Corp (MCY) Reports Strong Q1 2024 Earnings, Surpassing Analyst ExpectationsApril 30, 2024 | prnewswire.comMercury General Corporation Announces First Quarter Results and Declares Quarterly DividendApril 29, 2024 | markets.businessinsider.comHere's what Wall Street expects from Mercury General's earningsApril 19, 2024 | seekingalpha.comMercury General's Ongoing Comeback: A Closer Look At The RevivalApril 18, 2024 | tmcnet.comMercury Launches Personal BankingApril 12, 2024 | finance.yahoo.comMercury General (MCY) Stock Moves -0.68%: What You Should KnowApril 9, 2024 | prnewswire.comMERCURY GENERAL CORPORATION TO REPORT FIRST QUARTER RESULTS ON APRIL 30, 2024April 3, 2024 | prnewswire.comBodily Injury Costs Increase in Texas, According to Mercury InsuranceApril 2, 2024 | prnewswire.comMercury Insurance Offers New Coverages and Discounts in New JerseyMarch 29, 2024 | prnewswire.comMercury Insurance Shares 4 Ways to Achieve Financial Empowerment in 2024March 28, 2024 | finance.yahoo.comMercury General (NYSE:MCY) rallies 8.3% this week, taking one-year gains to 71%March 14, 2024 | finance.yahoo.comMercury Insurance Continues Partnership with Flume Water Monitor to Help Policyholders Reduce Water LeaksMarch 14, 2024 | prnewswire.comMercury Insurance Continues Partnership with Flume Water Monitor to Help Policyholders Reduce Water LeaksMarch 12, 2024 | prnewswire.comForbes Names Mercury Insurance One of America's Best Mid-Sized Employers for 2024March 8, 2024 | finance.yahoo.comMercury Insurance Offers Tips to Minimize Your Auto-Related ExpensesSee More Headlines Receive MCY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Mercury General and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/27 Dividend3/12/2024Dividend Payable3/27/2024Last Earnings4/30/2024Today6/10/2024Ex-Dividend for 6/27 Dividend6/13/2024Dividend Payable6/27/2024Next Earnings (Estimated)8/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Fire, marine, & casualty insurance Sub-IndustryProperty & Casualty Insurance Current SymbolNYSE:MCY CUSIP58940010 CIK64996 Webwww.mercuryinsurance.com Phone(323) 937-1060Fax323-857-7116Employees4,100Year Founded1962Price Target and Rating Average Stock Price Target$33.00 High Stock Price Target$33.00 Low Stock Price Target$33.00 Potential Upside/Downside-39.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.89 Trailing P/E Ratio14.10 Forward P/E Ratio18.92 P/E GrowthN/ANet Income$96.34 million Net Margins4.48% Pretax Margin-3.54% Return on Equity9.85% Return on Assets2.05% Debt Debt-to-Equity Ratio0.36 Current Ratio0.30 Quick Ratio0.30 Sales & Book Value Annual Sales$4.63 billion Price / Sales0.66 Cash FlowN/A Price / Cash FlowN/A Book Value$27.49 per share Price / Book2.00Miscellaneous Outstanding Shares55,370,000Free Float35,714,000Market Cap$3.04 billion OptionableOptionable Beta0.84 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. George Victor Joseph (Age 102)Executive Chairman of the Board Comp: $1.63MMr. Gabriel Tirador (Age 59)CEO & Director Comp: $1.7MMr. Theodore Robert Stalick (Age 61)Senior VP & CFO Comp: $1.06MMr. Christopher Wadewitz Graves (Age 58)VP & Chief Investment Officer Comp: $871.55kMr. Wilson Pang B.E. (Age 47)VP & Chief Technology Officer Comp: $1.11MMr. Victor George Joseph (Age 37)President, COO & Director Comp: $523.54kMr. Brandt N. Minnich (Age 57)VP & Chief Sales Development Officer Mr. Erik Dahl Thompson (Age 55)VP & Chief Marketing Officer Ms. Heidi C. Sullivan (Age 55)VP & Chief Human Capital Officer Mr. Randall R. Petro (Age 60)VP & Chief Claims Officer More ExecutivesKey CompetitorsOld Republic InternationalNYSE:ORIRLINYSE:RLIAXIS CapitalNYSE:AXSSelective Insurance GroupNASDAQ:SIGIFirst American FinancialNYSE:FAFView All CompetitorsInsiders & InstitutionsComerica BankSold 1,180 shares on 5/17/2024Ownership: 0.030%Hancock Whitney CorpBought 4,122 shares on 5/17/2024Ownership: 0.007%Jacobs Levy Equity Management Inc.Sold 2,122 shares on 5/16/2024Ownership: 0.400%California State Teachers Retirement SystemSold 1,454 shares on 5/16/2024Ownership: 0.050%Caxton Associates LPBought 9,417 shares on 5/16/2024Ownership: 0.017%View All Insider TransactionsView All Institutional Transactions MCY Stock Analysis - Frequently Asked Questions Should I buy or sell Mercury General stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercury General in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCY shares. View MCY analyst ratings or view top-rated stocks. What is Mercury General's stock price target for 2024? 1 Wall Street research analysts have issued 12 month price objectives for Mercury General's stock. Their MCY share price targets range from $33.00 to $33.00. On average, they predict the company's share price to reach $33.00 in the next twelve months. This suggests that the stock has a possible downside of 39.8%. View analysts price targets for MCY or view top-rated stocks among Wall Street analysts. How have MCY shares performed in 2024? Mercury General's stock was trading at $37.31 at the beginning of the year. Since then, MCY shares have increased by 47.0% and is now trading at $54.86. View the best growth stocks for 2024 here. Are investors shorting Mercury General? Mercury General saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 574,200 shares, an increase of 28.6% from the April 15th total of 446,600 shares. Based on an average daily trading volume, of 262,300 shares, the short-interest ratio is currently 2.2 days. Currently, 2.2% of the company's stock are short sold. View Mercury General's Short Interest. When is Mercury General's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024. View our MCY earnings forecast. How were Mercury General's earnings last quarter? Mercury General Co. (NYSE:MCY) announced its quarterly earnings data on Tuesday, April, 30th. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.63. The insurance provider had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. Mercury General had a net margin of 4.48% and a trailing twelve-month return on equity of 9.85%. How often does Mercury General pay dividends? What is the dividend yield for Mercury General? Mercury General declared a quarterly dividend on Tuesday, April 30th. Investors of record on Thursday, June 13th will be given a dividend of $0.3175 per share on Thursday, June 27th. This represents a $1.27 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from the stock's previous quarterly dividend of $0.32. Read our dividend analysis for MCY. Is Mercury General a good dividend stock? Mercury General (NYSE:MCY) pays an annual dividend of $1.27 per share and currently has a dividend yield of 2.32%. The dividend payout ratio is 32.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCY will have a dividend payout ratio of 32.56% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MCY. What ETFs hold Mercury General's stock? ETFs with the largest weight of Mercury General (NYSE:MCY) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), Counterpoint Quantitative Equity ETF (CPAI), Brandes U.S. Small-Mid Cap Value ETF (BSMC), Zacks Small/Mid Cap Core Portfolio ETF (SMIZ), Cambria Value and Momentum ETF (VAMO), First Trust Active Factor Small Cap ETF (AFSM), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). What is Gabriel Tirador's approval rating as Mercury General's CEO? 173 employees have rated Mercury General Chief Executive Officer Gabriel Tirador on Glassdoor.com. Gabriel Tirador has an approval rating of 84% among the company's employees. What other stocks do shareholders of Mercury General own? Based on aggregate information from My MarketBeat watchlists, some companies that other Mercury General investors own include Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), AT&T (T), Pfizer (PFE), Altria Group (MO), Chevron (CVX), Gilead Sciences (GILD), Walgreens Boots Alliance (WBA) and Enterprise Products Partners (EPD). Who are Mercury General's major shareholders? Mercury General's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.88%), Absher Wealth Management LLC (1.26%), Speece Thorson Capital Group Inc. (0.44%), Jacobs Levy Equity Management Inc. (0.40%), Principal Financial Group Inc. (0.25%) and Assenagon Asset Management S.A. (0.17%). View institutional ownership trends. How do I buy shares of Mercury General? Shares of MCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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