Mercury General Corp (NYSE:MCY) has a beta value of 0.88 and has seen 1.32 million shares traded in the last trading session. The company, currently valued at $2.77B, closed the last trade at $49.94 per share which meant it lost -$1.71 on the day or -3.31% during that session. The MCY stock price is -61.63% off its 52-week high price of $80.72 and 24.13% above the 52-week low of $37.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.23 million shares traded. The 3-month trading volume is 516.11K shares.
The consensus among analysts is that Mercury General Corp (MCY) is Strong Buy stock at the moment, with a recommendation rating of 2.50. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.64.
Mercury General Corp (NYSE:MCY) trade information
Sporting -3.31% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MCY stock price touched $49.94 or saw a rise of 4.18%. Year-to-date, Mercury General Corp shares have moved -24.88%, while the 5-day performance has seen it change -0.30%. Over the past 30 days, the shares of Mercury General Corp (NYSE:MCY) have changed -27.45%. Short interest in the company has seen 1.74 million shares shorted with days to cover at 2.42.
Mercury General Corp (MCY) estimates and forecasts
Figures show that Mercury General Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -14.10% over the past 6 months, with this year growth rate of 1,583.33%, compared to 6.80% for the industry. Revenue growth from the last financial year stood is estimated to be 23.42%.
1 analysts offering their estimates for the company have set an average revenue estimate of 1.4B for the current quarter. 1 have an estimated revenue figure of 1.39B for the next ending quarter. Year-ago sales stood 1.13B and 1.28B respectively for this quarter and the next, and analysts expect sales will grow by 23.68% for the current quarter and 23.42% for the next.
MCY Dividends
Mercury General Corp is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.27 at a share yield of 2.54%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.58%.
Mercury General Corp (NYSE:MCY)’s Major holders
Insiders own 52.04% of the company shares, while shares held by institutions stand at 43.69% with a share float percentage of 91.11%. Investors are also buoyed by the number of investors in a company, with Mercury General Corp having a total of 363.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 4.67 million shares worth more than $248.34 million. As of 2024-06-30, BLACKROCK INC. held 8.4402% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 3.32 million shares as of 2024-06-30. The firm’s total holdings are worth over $176.46 million and represent 5.997% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . As of Nov 30, 2024 , the former fund manager holds about 3.15% shares in the company for having 1.74 shares of worth $87.03 million while later fund manager owns 869.52 shares of worth $43.42 million as of Sep 30, 2024 , which makes it owner of about 1.57% of company’s outstanding stock.
