Mercury General (NYSE:MCY – Get Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
Mercury General Stock Performance
Shares of NYSE MCY opened at $54.70 on Friday. The stock’s fifty day simple moving average is $50.78 and its 200 day simple moving average is $42.77. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 14.06 and a beta of 0.77. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.36. Mercury General has a 52-week low of $27.27 and a 52-week high of $57.12.
Mercury General (NYSE:MCY – Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The insurance provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $1.10. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Mercury General had a return on equity of 9.85% and a net margin of 4.48%. As a group, sell-side analysts forecast that Mercury General will post 2.9 earnings per share for the current fiscal year.
Institutional Trading of Mercury General
Mercury General Company Profile
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.
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