Mercury General (NYSE:MCY) Shares Gap Up – Here’s What Happened

Posted by Brian Himes on Jun 24th, 2026

Mercury General Corporation (NYSE:MCY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $103.15, but opened at $107.01. Mercury General shares last traded at $106.7560, with a volume of 12,133 shares changing hands.

Analysts Set New Price Targets

A number of analysts have commented on MCY shares. Wall Street Zen downgraded Mercury General from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research upgraded Mercury General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mercury General in a research note on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Mercury General has an average rating of “Strong Buy” and a consensus price target of $100.00.

Check Out Our Latest Research Report on MCY

Mercury General Stock Up 0.4%

The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $98.99 and its 200 day moving average price is $93.38. The company has a market capitalization of $5.92 billion, a P/E ratio of 7.05 and a beta of 0.91.

Mercury General (NYSE:MCY – Get Free Report) last posted its earnings results on Tuesday, May 5th. The insurance provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $1.35. Mercury General had a net margin of 13.68% and a return on equity of 32.94%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.46 billion. As a group, equities research analysts predict that Mercury General Corporation will post 11.38 earnings per share for the current fiscal year.

Mercury General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a $0.3175 dividend. This represents a $1.27 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, June 11th. Mercury General’s dividend payout ratio is currently 8.37%.

Hedge Funds Weigh In On Mercury General

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Mercury General by 85.7% during the 1st quarter. Bank of America Corp DE now owns 74,938 shares of the insurance provider’s stock worth $6,606,000 after buying an additional 34,586 shares during the period. California State Teachers Retirement System grew its position in Mercury General by 29.4% in the first quarter. California State Teachers Retirement System now owns 33,853 shares of the insurance provider’s stock valued at $2,984,000 after acquiring an additional 7,693 shares during the period. Royal Bank of Canada grew its position in Mercury General by 35.5% in the first quarter. Royal Bank of Canada now owns 24,010 shares of the insurance provider’s stock valued at $2,116,000 after acquiring an additional 6,292 shares during the period. Rubric Capital Management LP raised its stake in Mercury General by 4.9% during the first quarter. Rubric Capital Management LP now owns 2,154,504 shares of the insurance provider’s stock worth $189,920,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Mercury General by 5.1% during the first quarter. Quantinno Capital Management LP now owns 14,283 shares of the insurance provider’s stock worth $1,259,000 after acquiring an additional 698 shares in the last quarter. 42.39% of the stock is owned by institutional investors and hedge funds.

Mercury General Company Profile

(Get Free Report)

Mercury General Corporation is a holding company headquartered in Los Angeles, California, that underwrites and markets property and casualty insurance products through its principal subsidiary, Mercury Insurance Company. Established in 1961, the company has built a reputation for offering a broad range of personal and commercial lines, with a focus on automobile coverage. Mercury General operates in key U.S. markets, deploying a mix of independent agents and direct distribution channels to serve policyholders.

The company’s product portfolio includes personal automobile insurance, homeowners and renters policies, as well as commercial automobile, business liability and umbrella insurance.