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Mercury General Corp. (NYSE:MCY) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Wednesday, Analyst Ratings Network.com reports.

The analysts wrote, “Mercury General Corporation (MCY) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.”

Shares of Mercury General Corp. (NYSE:MCY) traded up 0.51% during mid-day trading on Wednesday, hitting $45.23. 17,034 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 $51.00. The stock has a 50-day moving average of $45.91 and a 200-day moving average of $47.01. The company has a market cap of $2.487 billion and a price-to-earnings ratio of 22.06.

Mercury General Corp. (NYSE:MCY) last released its earnings data on Monday, February 10th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.21. The company had revenue of $668.10 million for the quarter, compared to the consensus estimate of $718.30 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Mercury General Corp. will post $2.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.615 per share. This represents a $2.46 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, March 13th.

MCY has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Mercury General Corp. from $46.00 to $44.00 in a research note on Tuesday, February 11th. Analysts at Zacks upgraded shares of Mercury General Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 31st. They now have a $50.80 price target on the stock.

Mercury General Corporation (NYSE:MCY) is an insurance holding company.

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