Measured Wealth Private Client Group LLC Makes New Investment in Mercury General Co. (NYSE:MCY)

Measured Wealth Private Client Group LLC bought a new position in shares of Mercury General Co. (NYSE:MCY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,056 shares of the insurance provider's stock, valued at approximately $403,000.

A number of other hedge funds have also recently added to or reduced their stakes in MCY. Allworth Financial LP lifted its stake in Mercury General by 1,190.5% during the third quarter. Allworth Financial LP now owns 542 shares of the insurance provider's stock worth $34,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. lifted its holdings in Mercury General by 72.0% during the 3rd quarter. Blue Trust Inc. now owns 1,151 shares of the insurance provider's stock worth $72,000 after buying an additional 482 shares during the period. CWM LLC increased its position in Mercury General by 115.8% during the 3rd quarter. CWM LLC now owns 1,215 shares of the insurance provider's stock valued at $77,000 after purchasing an additional 652 shares during the period. Quest Partners LLC raised its stake in Mercury General by 12,340.0% during the third quarter. Quest Partners LLC now owns 1,244 shares of the insurance provider's stock worth $78,000 after buying an additional 1,234 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Mercury General by 58.6% in the 4th quarter. KBC Group NV now owns 1,299 shares of the insurance provider's stock valued at $86,000 after purchasing an additional 480 shares during the period. Institutional investors own 42.39% of the company's stock.

Insider Activity

In other news, VP Heidi C. Sullivan sold 1,076 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $77.28, for a total transaction of $83,153.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 35.50% of the stock is currently owned by corporate insiders.

Mercury General Stock Up 0.8 %

Shares of NYSE:MCY traded up $0.41 during mid-day trading on Monday, hitting $50.39. 423,859 shares of the company traded hands, compared to its average volume of 1,030,655. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $61.32 and a two-hundred day moving average price of $63.94. Mercury General Co. has a 12-month low of $39.56 and a 12-month high of $80.72. The stock has a market cap of $2.79 billion, a P/E ratio of 4.99 and a beta of 0.85.

Analysts Set New Price Targets

Separately, StockNews.com lowered Mercury General from a "strong-buy" rating to a "buy" rating in a research report on Thursday, December 26th.

About Mercury General

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.