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Mercury General Corporation (MCY)

NYSE - Nasdaq Real Time Price. Currency in USD
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43.51-1.16 (-2.60%)
At close: 04:00PM EDT
43.51 -0.01 (-0.01%)
After hours: 04:09PM EDT
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  • J
    John-Giang
    Paying 5.6% dividend while not making money is not a good business model.
  • W
    WillHelpifIcan
    To other long-term shareholders... my aunt works for Mercury General, and has done so for 28 years. I have owned shares in the company for over five years, and acquired more in Oct. of 2020. I have been to the headquarters in LA, and was also fortunate enough to meet Mr. Joseph once while visiting there. I also own shares in other insurance companies as well.

    I had a discussion with my aunt over the weekend regarding the company, and asked if I should continue holding the stock, or sell. She said, "I'm not allowed to give you any details, but whatever you do... do not sell your shares". So I'm holding, and you probably should too. All the best!
  • C
    Chickenstick1
    Operating strength amidst an otherwise uncertain operating environment. All metrics seem to be heading in the right direction ( apart from the stock). But, I believe they’re doing right by their clients in cutting auto premiums 15%. Yield appears to be safe. I’m a buyer
  • s
    simonrodia
    $MCY This is a no-brainer here's why. Traders move on. Investors stick around.

    Insider buying...3 insiders purchased within last week...
    1 insider, exec chair and founder George Joseph bought approx 70,000 shares in late March and 170,000 shares in past week.
    That's about $9mm worth. The first batch just under $39 the second and 3rd batches either side of $36.

    Balance sheet is clean, no net debt. Zero.

    Dividend. $mcy is a dividend aristocrat and company yields 7% . Divvy looks safe, auto insurers have amongst the best earnings visibility and continuity in Covid 19 world.

    Back to George Joseph. He's self made. He started this company nearly 60 years ago.
    He has a wife and 5 children (probably in their 60s and 70s. George is 98 years old.

    I will suggest purely in a business sense (and not meaning to be disrespectful or hurtful), that when George passes on, that this very cheap stock will behave as if the company is in play.
    Whether or not it would actually go into play, I don't know, obviously.
    But theory makes sense on a couple of levels, 1) None of his kids in Senior Management
    2) Mercury is a low p/e ratio niche player, in an industry dominated by giants such as Progressive, Geico, Allstate.

    Conclusion...own the stock (I do), pocket the 7%, expect possibilty that value unlocked in not too distant future adding significantly to returns on this paper.

    This is not trading advice
    it's me thinking out loud
    accuracy by no means assured
    Bullish
  • E
    E
    Nobody following this stock. Stock down to $39 from $52 less than 7 weeks ago and EARNINGS SHOULD BE BETTER. This is a company that should benefit BIG from the Covid 19 environment. Earnings should be great and that should continue for the rest of the year. The stock should be back near $50 in less than a month when earnings and outlook becomes known.
  • M
    Meteors Thru The Clouds
    I suppose it depends upon what you are after. I picked up 500 at 39 back in the spring and receive a 6.5% annual payment. No bank is going to offer that rate of return.
    Bullish
  • s
    simonrodia
    mcy should drift up to 5% yield / $50 per share probably right after 05/04 earnings.
    Current $42 with 6% plus yield
    Easy money
  • E
    E
    Surprised this board so dead. MCY looks to be a real winner from under $40. Big dividend yield and a management with a LONG history of raising it. Over 76% auto where claims will drop sharply due to Covid 19. Strong buy.
  • d
    dave
    With the bump up today, I bailed out with a small gain. After I bought the stock, I kept thinking about the effects the auto tariffs could have on MCY. While it looks like the tariffs won't be imposed, auto tariffs would have a devastating impact on auto insurers. Overnight, the cost of auto repairs could increase by another 25%. Auto repairs have been increasing generally and tariffs would be the nail in the coffin.
  • O
    Omar
    Great Dividend. Great Leadership. This will be 60 in 3 months.
  • C
    Chi
    Insiders are very bullish, keep loading shares. https://formwhispers.com/s?t=MCY
    FormWhispers - Tracking Insider Buy and Sell MERCURY GENERAL CORP MCY.
    FormWhispers - Tracking Insider Buy and Sell MERCURY GENERAL CORP MCY.
    formwhispers.com
  • v
    vincentc
    This message board isn't a hotbed of commentary, but I'd be interested if anyone had any thoughts on the likely financial impact to MCY of the California Dept. of Insurance order that requires California auto insurers to rebate an additional 15% of premiums (over and above previous rebates) received for coverage during the pandemic?
    Bullish
  • A
    Alex
    Twice as much cash as debt. Big Insider ownership, low PEG…
  • s
    simonrodia
    George Joseph bought another 60k that's 300k shares since March and almost 250,000 shares in past week.
    $10mm worth on the open market. Net Debt zero.
    Yield 7%
    actuarial life expectancy of 98 year old male 2.3 years
    This is a rare opportunity
    long and strong
  • r
    robert
    Big return on this name from the March lows. Generous well supported dividend. I like this stock as a long term play.
    Bullish
  • l
    lakovish
    the fires and mud going to effect this stock?
  • s
    saccos reddog72
    Barrons had an article of a possible buy out!
  • N
    Nicholas
    Why is this up after an earnings miss?
  • C
    CNR
    Executive Chairman of the Board George Joseph made the biggest insider purchase in the last 12 months. That single transaction was for US$2.9m worth of shares at a price of US$38.93 each.
  • O
    Omar
    combined ratio 95
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