Mercury General (MCY) Expected to Announce Earnings on Tuesday

Mercury General (NYSE:MCY - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Mercury General to post earnings of $1.94 per share and revenue of $1.40 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Mercury General Stock Performance

MCY traded down $1.12 on Friday, hitting $49.94. The company had a trading volume of 772,090 shares, compared to its average volume of 1,055,480. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 4.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.33 and a quick ratio of 0.33. The company's fifty day moving average price is $61.32 and its 200 day moving average price is $63.85. Mercury General has a 1-year low of $38.47 and a 1-year high of $80.72.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, VP Heidi C. Sullivan sold 1,076 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 35.50% of the stock is currently owned by company insiders.

Mercury General Company Profile

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.