Mercury General Corporation (NYSE:MCY – Free Report) – Equities researchers at DOWLING & PARTN raised their FY2026 earnings estimates for shares of Mercury General in a note issued to investors on Friday, August 7th. DOWLING & PARTN analyst D. Lukpanov now anticipates that the insurance provider will post earnings of $12.00 per share for the year, up from their prior estimate of $11.25. The consensus estimate for Mercury General’s current full-year earnings is $11.50 per share.
Mercury General (NYSE:MCY – Get Free Report) last released its earnings results on Tuesday, August 4th. The insurance provider reported $3.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.99. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.52 billion. Mercury General had a return on equity of 31.98% and a net margin of 14.77%.
Read Our Latest Research Report on Mercury General
Mercury General Stock Performance
NYSE:MCY opened at $106.55 on Tuesday. Mercury General has a 52-week low of $70.52 and a 52-week high of $113.06. The business’s fifty day moving average is $105.59 and its 200 day moving average is $97.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 6.30 and a beta of 0.90.
Mercury General Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.3175 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $1.27 annualized dividend and a dividend yield of 1.2%. Mercury General’s dividend payout ratio (DPR) is currently 7.51%.
Hedge Funds Weigh In On Mercury General
Several institutional investors and hedge funds have recently bought and sold shares of MCY. BlackRock Inc. purchased a new position in shares of Mercury General in the second quarter worth $479,604,000. Rubric Capital Management LP grew its position in shares of Mercury General by 4.9% in the 1st quarter. Rubric Capital Management LP now owns 2,154,504 shares of the insurance provider’s stock worth $189,920,000 after buying an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mercury General by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,149,647 shares of the insurance provider’s stock worth $189,492,000 after buying an additional 46,559 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Mercury General by 4.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 408,116 shares of the insurance provider’s stock valued at $38,387,000 after buying an additional 17,306 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Mercury General by 1.9% during the second quarter. AQR Capital Management LLC now owns 346,343 shares of the insurance provider’s stock valued at $22,917,000 after buying an additional 6,314 shares during the period. 42.39% of the stock is currently owned by institutional investors.
Mercury General Company Profile
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.
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