Legal & General Group Plc Makes New Investment in Mercury General Corporation $MCY

Posted by George Bondi on Sep 3rd, 2026

Legal & General Group Plc acquired a new stake in Mercury General Corporation (NYSE:MCY – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 68,918 shares of the insurance provider’s stock, valued at approximately $7,348,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in Mercury General during the second quarter worth about $35,000. Hilton Head Capital Partners LLC acquired a new stake in Mercury General in the 4th quarter worth about $38,000. Mcguire Capital Advisors Inc. purchased a new stake in Mercury General in the 4th quarter valued at about $40,000. IFP Advisors Inc grew its holdings in Mercury General by 79.4% in the 4th quarter. IFP Advisors Inc now owns 506 shares of the insurance provider’s stock valued at $48,000 after buying an additional 224 shares during the period. Finally, State of Wyoming acquired a new position in shares of Mercury General during the 2nd quarter valued at about $78,000. 42.39% of the stock is currently owned by institutional investors and hedge funds.

Mercury General Price Performance

MCY stock opened at $103.10 on Thursday. The company has a market cap of $5.71 billion, a PE ratio of 6.09 and a beta of 0.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $106.60 and a two-hundred day moving average price of $98.93. Mercury General Corporation has a 12-month low of $74.29 and a 12-month high of $113.06.

Mercury General (NYSE:MCY – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.99. Mercury General had a return on equity of 31.98% and a net margin of 14.77%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.52 billion. As a group, research analysts predict that Mercury General Corporation will post 12.75 EPS for the current year.

Mercury General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 10th. Mercury General’s payout ratio is currently 7.51%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MCY. Wall Street Zen upgraded shares of Mercury General from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 4th. Weiss Ratings restated a “buy (b)” rating on shares of Mercury General in a report on Thursday, June 4th. Finally, Zacks Research raised shares of Mercury General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and an average price target of $100.00.

View Our Latest Stock Report on Mercury General

Mercury General Company Profile

(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.