Mercury General Co. (NYSE:MCY - Get Free Report) VP Heidi C. Sullivan sold 1,076 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $77.28, for a total transaction of $83,153.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Mercury General Stock Performance
NYSE MCY opened at $77.47 on Thursday. Mercury General Co. has a 52-week low of $36.96 and a 52-week high of $80.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $4.29 billion, a P/E ratio of 7.68 and a beta of 0.84. The company has a fifty day moving average of $69.71 and a 200-day moving average of $61.84.
Mercury General (NYSE:MCY - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $1.39. Mercury General had a net margin of 10.18% and a return on equity of 18.04%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $1.14 EPS. As a group, equities research analysts predict that Mercury General Co. will post 6.35 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.317 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, December 12th. Mercury General's dividend payout ratio is currently 12.59%.
Institutional Trading of Mercury General
A number of hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System lifted its stake in Mercury General by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the insurance provider's stock worth $712,000 after purchasing an additional 200 shares during the last quarter. Diversified Trust Co raised its stake in shares of Mercury General by 4.2% during the second quarter. Diversified Trust Co now owns 8,158 shares of the insurance provider's stock valued at $434,000 after acquiring an additional 326 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Mercury General by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 15,660 shares of the insurance provider's stock valued at $832,000 after acquiring an additional 396 shares during the last quarter. Empowered Funds LLC increased its position in shares of Mercury General by 4.6% during the third quarter. Empowered Funds LLC now owns 10,287 shares of the insurance provider's stock valued at $648,000 after buying an additional 454 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Mercury General by 1.0% during the third quarter. BNP Paribas Financial Markets now owns 47,882 shares of the insurance provider's stock valued at $3,016,000 after buying an additional 481 shares during the period. 42.39% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Mercury General from a "strong-buy" rating to a "buy" rating in a research report on Thursday, November 28th.
Read Our Latest Stock Analysis on MCY
Mercury General Company Profile
(
Get Free Report)
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its 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, and other coverages.
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