Mercury General Corp (NYSE: MCY) is -29.03% lower on its value in year-to-date trading and has touched a low of $37.89 and a high of $80.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MCY stock was last observed hovering at around $48.63 in the last trading session, with the day’s loss setting it -1.45%.
Currently trading at $47.18, the stock is -28.27% and -33.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing -2.98% at the moment leaves the stock -22.90% off its SMA200. MCY registered 21.29% gain for a year compared to 6-month gain of -13.37%. The firm has a 50-day simple moving average (SMA 50) of $71.1672 and a 200-day simple moving average (SMA200) of $61.19905.
The stock witnessed a -34.50% loss in the last 1 month and extending the period to 3 months gives it a -27.17%, and is -28.23% 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 7.07% over the week and 3.71% over the month.
Mercury General Corp (MCY) has around 4100 employees, a market worth around $2.61B and $5.48B in sales. Current P/E ratio is 4.68 and Fwd P/E is 9.03. Profit margin for the company is 10.18%. Distance from 52-week low is 24.52% and -41.55% from its 52-week high. The company has generated returns on investments over the last 12 months (22.78%).
The EPS is expected to grow by 1742.38% this year.
Mercury General Corp (MCY) Top Institutional Holders
361.0 institutions hold shares in Mercury General Corp (MCY), with institutional investors hold 91.86% of the company’s shares. The shares outstanding are 55.37M, and float is at 26.55M with Short Float at 3.63%. Institutions hold 44.05% 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
The most recent transaction is an insider purchase by Ribisi Mark Allan, the company’s President of AIS subsidiary. SEC filings show that Ribisi Mark Allan bought 55 shares of the company’s common stock on Jan 07 ’25 at a price of $64.71 per share for a total of $3559.0. Following the purchase, the insider now owns 680.0 shares.
Still, SEC filings show that on Dec 03 ’24, Sullivan Heidi C. (VP/Chief Human Capital Officer) disposed off 1,076 shares at an average price of $77.28 for $83153.0. The insider now directly holds 0 shares of Mercury General Corp (MCY).
