Mercury General Corp. Director Gabriel Tirador Sells 8,925 Shares (MCY)
Mercury General Corp. (NYSE:MCY) Director Gabriel Tirador unloaded 8,925 shares of Mercury General Corp. stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $46.00, for a total value of $410,550.00. Following the sale, the director now directly owns 22,897 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks upgraded shares of Mercury General Corp. (NYSE:MCY) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 30th. They now have a $47.00 price target on the stock.
Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $43.00.
Shares of Mercury General Corp. (NYSE:MCY) traded up 0.46% during mid-day trading on Monday, hitting $46.25. 146,432 shares of the company’s stock traded hands. Mercury General Corp. has a one year low of $36.03 and a one year high of $46.98. The stock has a 50-day moving average of $44.3 and a 200-day moving average of $42.70. The company has a market cap of $2.542 billion and a price-to-earnings ratio of 23.85.
Mercury General Corp. (NYSE:MCY) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.01. The company had revenue of $642.57 million for the quarter, compared to the consensus estimate of $713.40 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts expect that Mercury General Corp. will post $2.57 EPS for the current fiscal year.
Mercury General Corporation (NYSE:MCY) is an insurance holding company.
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