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|Bid||58.25 x 900|
|Ask||64.50 x 1000|
|Day's Range||59.63 - 61.66|
|52 Week Range||38.99 - 67.88|
|Beta (5Y Monthly)||0.43|
|PE Ratio (TTM)||5.33|
|Earnings Date||Aug 02, 2021 - Aug 06, 2021|
|Forward Dividend & Yield||2.53 (4.24%)|
|Ex-Dividend Date||Jun 15, 2021|
|1y Target Est||N/A|
Mercury General (MCY) delivered earnings and revenue surprises of 7.20% and 2.04%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Today, Mercury Insurance (NYSE: MCY) announced it will be subsidizing the cost of smart home water monitoring devices from Flo by Moen and Flume, providing California homeowners policyholders with two options to better protect their home from water damage. Mercury will cover $400 for the Flo by Moen Smart Water Shutoff device with professional installation by a verified plumber from the Moen Plumbing Network, and policyholders will be eligible to receive a 10% discount on a portion of their Mercury homeowners policy. Alternatively, policyholders may also choose to install a device by Flume, which will be reduced to just $75 (plus tax and shipping) after the Mercury-funded $124 instant rebate is applied.
Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, May 4, 2021, the Company will issue an earnings press release reporting its results for the first quarter of 2021, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.
Mercury Insurance today announced that its auto insurance rates for Arizona drivers are being reduced by an average of 5 percent. The reduction immediately applies to new customers and policy renewals beginning March 26, and will save Mercury policyholders an average of $84 a year.
Mercury General (NYSE:MCY) declared a dividend payable on March 31, 2021 to its shareholders as of February 16, 2021. It was also announced that shareholders of Mercury General's stock as of March 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Mercury General, which has a current dividend per share of $0.63, has an ex-dividend date scheduled for March 16, 2021. That equates to a dividend yield of 4.52% at current price levels. Understanding Ex-Dividend Dates' Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis. Understanding Mercury General's Dividend Payouts And Yields Over the past year, Mercury General has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 16, 2020 the company's payout was $0.63, which has returned to its value today. Mercury General's dividend yield last year was 5.15%, which has since decreased by 0.63%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. To read more news on Mercury General click here. See more from BenzingaClick here for options trades from BenzingaStocks That Hit 52-Week Highs On Thursday© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can...
In the current session, Mercury General Inc. (NYSE:MCY) is trading at $55.89, after a 1.84% gain. Over the past month, the stock increased by 2.41%, and in the past year, by 8.43%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 3.07%. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. View more earnings on MCY Most often, an industry will prevail in a particular phase of a business cycle, than other industries. Compared to the aggregate P/E ratio of the 23.27 in the Insurance industry, Mercury General Inc. has a lower P/E ratio of 12.7. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It's also possible that the stock is undervalued. There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings. See more from BenzingaClick here for options trades from BenzingaMercury General: Q4 Earnings InsightsEarnings Scheduled For February 16, 2021© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shares of Mercury General (NYSE:MCY) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 557.14% year over year to $1.38, which beat the estimate of $0.69. Revenue of $1,072,000,000 higher by 8.50% from the same period last year, which beat the estimate of $932,260,000. Outlook Mercury General hasn't issued any earnings guidance for the time being. View more earnings on MCY Revenue guidance hasn't been issued by the company for now. Technicals 52-week high: $57.66 52-week low: $33.45 Price action over last quarter: Up 33.55% Company Overview Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, most of its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman and majority owner. Its insurance is distributed exclusively through independent agents. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 16, 2021Earnings Outlook For Mercury General© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Sector(s): Financial Services
Industry: Insurance—Property & Casualty
Full Time Employees: 4,300
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. The company's 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 hazards. It sells its policies through a network of independent agents, insurance agencies, and direct channels in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. The company was founded in 1961 and is headquartered in Los Angeles, California.