In last trading session, Mercury General Corp (NYSE:MCY) saw 1.28 million shares changing hands with its beta currently measuring 0.87. Company’s recent per share price level of $49.54 trading at -$0.4 or -0.80% at ring of the bell on the day assigns it a market valuation of $2.74B. That closing price of MCY’s stock is at a discount of -62.94% from its 52-week high price of $80.72 and is indicating a premium of 23.52% from its 52-week low price of $37.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.2 million shares which gives us an average trading volume of 534.72K if we extend that period to 3-months.
For Mercury General Corp (MCY), analysts’ consensus is at an average recommendation of Strong Buy while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Mercury General Corp (NYSE:MCY) trade information
Upright in the red during last session for losing -0.80%, in the last five days MCY remained trading in the green while hitting it’s week-highest on Monday, 01/27/25 when the stock touched $49.54 price level, adding 4.95% to its value on the day. Mercury General Corp’s shares saw a change of -25.48% in year-to-date performance and have moved 3.88% in past 5-day. Mercury General Corp (NYSE:MCY) showed a performance of -27.76% in past 30-days. Number of shares sold short was 1.74 million shares which calculate 2.42 days to cover the short interests.
Mercury General Corp (MCY) estimates and forecasts
Statistics highlight that Mercury General Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -15.32% of value to its shares in past 6 months, showing an annual growth rate of 1,583.33% while that of industry is 5.90. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
MCY Dividends
Mercury General Corp is more likely to be releasing its next quarterly report in February and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.56%, the share has a forward dividend of 1.27 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.58%.
Mercury General Corp (NYSE:MCY)’s Major holders
Insiders are in possession of 52.04% of company’s total shares while institution are holding 43.68 percent of that, with stock having share float percentage of 91.08%. Investors also watch the number of corporate investors in a company very closely, which is 43.68% institutions for Mercury General Corp that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MCY for having 4.67 million shares of worth $248.34 million. And as of 2024-06-30, it was holding 8.4402 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 3.32 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.997 of outstanding shares, having a total worth of $176.46 million.
