During the last session, Mercury General Corp (NYSE:MCY)’s traded shares were 0.77 million, with the beta value of the company hitting 0.85. At the end of the trading day, the stock’s price was $54.81, reflecting an intraday loss of -3.09% or -$1.75. The 52-week high for the MCY share is $80.72, that puts it down -47.27 from that peak though still a striking 24.05% gain since the share price plummeted to a 52-week low of $41.63. The company’s market capitalization is $3.04B, and the average intraday trading volume over the past 10 days was 1.08 million shares, and the average trade volume was 678.82K shares over the past three months.
Mercury General Corp (MCY) received a consensus recommendation of Strong Buy from analysts. That translates to a mean rating of 2.00. MCY has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.75.
Mercury General Corp (NYSE:MCY) trade information
Mercury General Corp (MCY) registered a -3.09% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.09% in intraday trading to $54.81, hitting a weekly high. The stock’s 5-day price performance is 9.66%, and it has moved by 3.61% in 30 days. Based on these gigs, the overall price performance for the year is 35.77%. The short interest in Mercury General Corp (NYSE:MCY) is 2.06 million shares and it means that shorts have 1.88 day(s) to cover.
Mercury General Corp (MCY) estimates and forecasts
In the rating firms’ projections, revenue will increase 8.59% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.39B as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.41B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.28B and 1.3B respectively. In this case, analysts expect current quarter sales to grow by 8.29% and then jump by 8.19% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.88%. While earnings are projected to return -79.81% in 2025.
MCY Dividends
Mercury General Corp is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Mercury General Corp is 1.27, with the dividend yield indicating at 2.32 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.53%.
Mercury General Corp (NYSE:MCY)’s Major holders
Mercury General Corp insiders own 52.10% of total outstanding shares while institutional holders control 45.33%, with the float percentage being 94.63%. BLACKROCK INC. is the largest shareholder of the company, while 380.0 institutions own stock in it. As of 2024-06-30, the company held over 4.67 million shares (or 8.4402% of all shares), a total value of $248.34 million in shares.
The next largest institutional holding, with 3.32 million shares, is of VANGUARD GROUP INC’s that is approximately 5.997% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $176.46 million.
Also, the Mutual Funds coming in first place with the largest holdings of Mercury General Corp (MCY) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund . Data provided on Nov 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 1.74 shares. This amounts to just over 3.15 percent of the company’s overall shares, with a $95.51 million market value. The same data shows that the other fund manager holds slightly less at 869.52, or about 1.57% of the stock, which is worth about $47.66 million.
