In the last trading session, 1.26 million shares of the Mercury General Corp (NYSE:MCY) were traded, and its beta was 0.85. Most recently the company’s share price was $50.09, and it changed around -$0.59 or -1.16% from the last close, which brings the market valuation of the company to $2.77B. MCY currently trades at a discount to its 52-week high of $80.72, offering almost -61.15% off that amount. The share price’s 52-week low was $39.56, which indicates that the current value has risen by an impressive 21.02% since then. We note from Mercury General Corp’s average daily trading volume that its 10-day average is 0.83 million shares, with the 3-month average coming to 598.61K.
Mercury General Corp stock received a consensus recommendation rating of Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended MCY as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Mercury General Corp is expected to report earnings per share of -0.75 for the current quarter.
Mercury General Corp (NYSE:MCY) trade information
Instantly MCY has showed a red trend with a performance of -1.16% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 51.95 on recent trading dayincreased the stock’s daily price by 3.58%. The company’s shares are currently down -24.65% year-to-date, but still up 1.50% over the last five days. On the other hand, Mercury General Corp (NYSE:MCY) is 3.00% up in the 30-day period. We can see from the shorts that 2.06 million shares have been sold at a short interest cover period of 1.88 day(s).
Mercury General Corp (MCY) estimates and forecasts
The year-over-year growth rate is expected to be 7.72%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.39B in revenue for the current quarter. 1 analysts expect Mercury General Corp to make 1.41B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.28B and 1.3B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.29%. Forecasts for the next quarter put sales growth at 8.19%.
MCY Dividends
Mercury General Corp’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 2.54 percent and its annual dividend per share was 1.27. It is important to note, however, that the 2.54% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.53 per year.
Mercury General Corp (NYSE:MCY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 52.11% of Mercury General Corp shares, and 44.17% of them are in the hands of institutional investors. The stock currently has a share float of 92.24%. Mercury General Corp stock is held by 369.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 8.4402% of the shares, which is about 4.67 million shares worth $248.34 million.
VANGUARD GROUP INC, with 5.997% or 3.32 million shares worth $176.46 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 1.74 shares worth $87.29 million, making up 3.15% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 869.52 shares worth around $43.55 million, which represents about 1.57% of the total shares outstanding.
