U.S. Markets closed

Mercury General Corp (MCY) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Mercury General Corp (MCY) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance as well as homeowners, commercial automobile, commercial property, mechanical breakdown, and umbrella insurance. Mercury General Corp has a market cap of $2.98 billion; its shares were traded at around $53.83 with and P/S ratio of 0.88. The dividend yield of Mercury General Corp stocks is 4.64%.


For the last quarter Mercury General Corp reported a revenue of $816.6 million, compared with the revenue of $857.3 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $3.4 billion, a decrease of 1.1% from the previous year. For the last five years Mercury General Corp had an average revenue growth rate of 3.9% a year.

The reported loss per diluted share was 10 cents for the year, compared with the earnings per share of $1.32 in the previous year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Mercury General Corp has the cash and cash equivalents of $314.3 million, compared with $291.4 million in the previous year. The long term debt was $371.7 million, compared with $371.3 million in the previous year. Mercury General Corp has a financial strength rank of 5 (out of 10).

At the current stock price of $53.83, Mercury General Corp is traded at close to its historical median P/S valuation band of $53.78. The P/S ratio of the stock is 0.88, while the historical median P/S ratio is 0.87. The stock gained 23.11% during the past 12 months.

For the complete 20-year historical financial data of MCY, click here.

This article first appeared on GuruFocus.