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MERCURY GENERAL CORPORATION TO REPORT FIRST QUARTER RESULTS ON APRIL 30, 2024
PRNewswire (Tue, 9-Apr 5:39 PM ET)
Bodily Injury Costs Increase in Texas, According to Mercury Insurance
PRNewswire (Wed, 3-Apr 12:00 PM ET)
Mercury Insurance Offers New Coverages and Discounts in New Jersey
PRNewswire (Tue, 2-Apr 12:00 PM ET)
Mercury Insurance Shares 4 Ways to Achieve Financial Empowerment in 2024
PRNewswire (Fri, 29-Mar 12:00 PM ET)
PRNewswire (Thu, 14-Mar 12:00 PM ET)
Forbes Names Mercury Insurance One of America's Best Mid-Sized Employers for 2024
PRNewswire (Tue, 12-Mar 12:00 PM ET)
Newsweek Names Mercury Insurance one of its 2024 America's Greatest Workplaces for Diversity
PRNewswire (Tue, 27-Feb 12:57 PM ET)
AM Best Affirms Credit Ratings of Mercury General Corporation and Its Subsidiaries
Business Wire (Thu, 15-Feb 3:58 PM ET)
PRNewswire (Thu, 8-Feb 12:00 PM ET)
Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance and provides related property and casualty insurance products. The Company offers the following types of automobile coverage: collision, property damage, bodily injury ("BI"), comprehensive, personal injury protection ("PIP"), underinsured and uninsured motorist, and other hazards. The Company offers the following types of homeowners coverage: dwelling, liability, personal property, and other coverages.
Mercury General trades on the NYSE stock market under the symbol MCY.
As of April 19, 2024, MCY stock price climbed to $54.17 with 80,535 million shares trading.
MCY has a beta of 1.05, meaning it tends to be more sensitive to market movements. MCY has a correlation of 0.10 to the broad based SPY ETF.
MCY has a market cap of $3.00 billion. This is considered a Mid Cap stock.
Last quarter Mercury General reported $1 billion in Revenue and $1.15 earnings per share. This beat revenue expectation by $215 million and exceeded earnings estimates by $.96.
In the last 3 years, MCY stock traded as high as $67.88 and as low as $26.15.
The top ETF exchange traded funds that MCY belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.
MCY has outperformed the market in the last year with a price return of +83.3% while the SPY ETF gained +22.0%. MCY has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +36.4% and +6.7%, respectively, while the SPY returned +5.0% and -2.8%, respectively.
MCY support price is $51.42 and resistance is $53.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MCY stock will trade within this expected range on the day.