Mercury General Corp (NYSE: MCY) is 84.51% higher on its value in year-to-date trading and has touched a low of $36.96 and a high of $80.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MCY stock was last observed hovering at around $67.99 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $68.84, the stock is -6.31% and -4.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 1.25% at the moment leaves the stock 13.96% off its SMA200. MCY registered 82.89% gain for a year compared to 6-month gain of 33.15%. The firm has a 50-day simple moving average (SMA 50) of $71.7352 and a 200-day simple moving average (SMA200) of $60.2981.
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The stock witnessed a -10.91% loss in the last 1 month and extending the period to 3 months gives it a 8.32%, and is -2.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.25% over the week and 2.82% over the month.
Mercury General Corp (MCY) has around 4100 employees, a market worth around $3.81B and $5.48B in sales. Current P/E ratio is 6.83 and Fwd P/E is 9.90. Profit margin for the company is 10.18%. Distance from 52-week low is 86.24% and -14.72% from its 52-week high. The company has generated returns on investments over the last 12 months (22.78%).
with sales reaching $1.4B over the same period.The EPS is expected to grow by 1959.05% this year, but quarterly earnings will post 23.42% year-over-year. Quarterly sales are estimated to grow 23.68% in year-over-year returns.
Mercury General Corp (MCY) Top Institutional Holders
356.0 institutions hold shares in Mercury General Corp (MCY), with institutional investors hold 91.77% of the company’s shares. The shares outstanding are 55.37M, and float is at 26.56M with Short Float at 3.02%. Institutions hold 44.01% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.67 million shares valued at $248.34 million. The investor’s holdings represent 8.4402% of the MCY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.32 million shares valued at $176.46 million to account for 5.997 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.0 million shares representing 3.6106% and valued at over $106.24 million, while SEMPER AUGUSTUS INVESTMENTS GROUP LLC holds 2.5193 of the shares totaling 1.39 million with a market value of $74.13 million.
Mercury General Corp (MCY) Insider Activity
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Mercury General Corp disclosed in a document filed with the SEC on Dec 03 ’24 that Sullivan Heidi C. (VP/Chief Human Capital Officer) sold a total of 1,076 shares of the company’s common stock. The trade occurred on Dec 03 ’24 and was made at $77.28 per share for $83153.0. Following the transaction, the insider now directly holds 0.0 shares of the MCY stock.
Still, SEC filings show that on Dec 03 ’24, Sullivan Heidi C. (Officer) Proposed Sale 1,076 shares at an average price of $77.39 for $83274.0. The insider now directly holds shares of Mercury General Corp (MCY).
