MCY Stock Summary and Trading Ideas (Mercury General | NYSE:MCY)

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 January 17, 2025, MCY stock price declined to $48.19 with 1,047,554 million shares trading.

MCY has a market cap of $2.67 billion. This is considered a Mid Cap stock.

Last quarter Mercury General reported $2 billion in Revenue and $2.54 earnings per share. This beat revenue expectation by $160 million and exceeded earnings estimates by $.84.

In the last 3 years, MCY traded as high as $80.72 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 underperformed the market in the last year with a price return of +25.8% while the SPY ETF gained +28.0%. MCY has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.8% and -26.7%, respectively, while the SPY returned +3.0% and +1.0%, respectively.

MCY support price is $50.50 and resistance is $53.65 (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 shares will trade within this expected range on the day.