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

Analysts have set a 1-year consensus target price 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 assigned Mercury General an industry rank of 117 out of 265 based on the ratings given to its competitors.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC acquired a new stake in Mercury General in the 3rd quarter valued at $108,000. Old Mutual Global Investors UK Ltd. acquired a new stake in Mercury General in the 2nd quarter valued at $166,000. Pacer Advisors Inc. lifted its stake in Mercury General by 2.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,308 shares of the insurance provider’s stock valued at $179,000 after acquiring an additional 92 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Mercury General by 55.9% during the 2nd quarter. Flinton Capital Management LLC now owns 3,604 shares of the insurance provider’s stock valued at $195,000 after acquiring an additional 1,292 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in Mercury General during the 3rd quarter valued at $206,000. 46.04% of the stock is owned by institutional investors and hedge funds.

Shares of Mercury General (NYSE MCY) traded down $0.24 during mid-day trading on Thursday, hitting $52.30. 170,300 shares of the stock traded hands, compared to its average volume of 176,916. The firm has a market cap of $2,907.15, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.06 and a beta of 0.51. Mercury General has a one year low of $51.87 and a one year 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.

Mercury General (NYSE:MCY) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.42 by $0.18. The company had revenue of $827.42 million during the quarter, compared to the consensus estimate of $835.00 million. Mercury General had a net margin of 3.00% and a return on equity of 6.47%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. equities analysts expect that Mercury General will post 1.88 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.625 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $2.50 annualized dividend and a yield of 4.78%. This is an increase from Mercury General’s previous quarterly dividend of $0.62. Mercury General’s dividend payout ratio (DPR) is presently 139.67%.

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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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