Mercury General Corporation (NYSE:MCY) has received a consensus broker rating score of 3.50 (Sell) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a sell rating and one has issued a hold rating on the company.

Brokers have set a twelve-month consensus price target of $52.00 for the company and are predicting that the company will post $0.39 earnings per share for the current quarter, according to Zacks. Zacks has also given Mercury General an industry rank of 191 out of 265 based on the ratings given to related companies.

MCY has been the subject of a number of research reports. Zacks Investment Research cut Mercury General from a “buy” rating to a “sell” rating in a research note on Wednesday, October 4th. TheStreet cut Mercury General from a “b” rating to a “c+” rating in a research note on Monday, October 30th.

Mercury General (MCY) traded down $0.14 during midday trading on Wednesday, reaching $54.53. The company had a trading volume of 186,800 shares, compared to its average volume of 173,623. Mercury General has a twelve month low of $52.52 and a twelve month high of $64.52. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.21. The company has a market cap of $3,025.00, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.10 and a beta of 0.51.

Mercury General (NYSE:MCY) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.18. Mercury General had a return on equity of 6.47% and a net margin of 3.00%. The business had revenue of $827.42 million during the quarter, compared to analysts’ expectations of $835.00 million. During the same period in the prior year, the business earned $0.67 EPS. Mercury General’s revenue for the quarter was up 2.4% compared to the same quarter last year. analysts anticipate that Mercury General will post 1.88 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a dividend of $0.625 per share. This is a boost from Mercury General’s previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Wednesday, December 13th. Mercury General’s dividend payout ratio (DPR) is currently 139.11%.

Several institutional investors and hedge funds have recently modified their holdings of MCY. Teachers Advisors LLC grew its stake in shares of Mercury General by 6.9% during the 1st quarter. Teachers Advisors LLC now owns 32,621 shares of the insurance provider’s stock worth $1,990,000 after acquiring an additional 2,106 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of Mercury General by 4.8% during the 2nd quarter. Capstone Asset Management Co. now owns 5,046 shares of the insurance provider’s stock worth $272,000 after acquiring an additional 230 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Mercury General by 9.0% during the 2nd quarter. Bank of Montreal Can now owns 4,220 shares of the insurance provider’s stock worth $228,000 after acquiring an additional 347 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Mercury General by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 2,922 shares of the insurance provider’s stock worth $158,000 after acquiring an additional 435 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Mercury General by 3.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,500 shares of the insurance provider’s stock worth $513,000 after acquiring an additional 300 shares in the last quarter. 46.05% of the stock is owned by institutional investors.

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Mercury General Company Profile

Mercury General Corporation is an insurance holding company. As of December 31, 2016, the Company and its subsidiaries were engaged in writing personal automobile insurance through 14 insurance subsidiaries in 11 states, principally California. Its segments include Property and Casualty Lines, and Other Lines.

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