Mercury Insurance
About: 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.
Employees: 4,200
0
Funds holding %
of 7,390 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]
87% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 30
82% more call options, than puts
Call options by funds: $1.38M | Put options by funds: $758K
14% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 83
8% more funds holding
Funds holding: 260 [Q3] → 281 (+21) [Q4]
6% more capital invested
Capital invested by funds: $1.5B [Q3] → $1.6B (+$92.2M) [Q4]
0.37% more ownership
Funds ownership: 43.02% [Q3] → 43.39% (+0.37%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$80
41%
upside
Avg. target
$80
41%
upside
High target
$80
41%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Raymond James C. Gregory Peters 87% 1-year accuracy 33 / 38 met price target | 41%upside $80 | Strong Buy Upgraded | 12 Feb 2025 |
Financial journalist opinion
Neutral
PRNewsWire
1 day ago
Mercury Insurance Explains How Uninsured Drivers Affect Insurance Costs and How You Can Protect Yourself
14% of U.S. Drivers Do Not Have Auto Insurance LOS ANGELES , March 27, 2025 /PRNewswire/ -- A greater number of Americans are getting behind the wheel without auto insurance, raising costs for all drivers across the country. From 2019 to 2022, the percentage of uninsured motorists grew from 11% to 14% according to the Insurance Research Council, which translates to approximately 1 in 7 drivers in the U.S. According to Bankrate, the average cost of full coverage car insurance is roughly $205 per month as of November 2024.
Positive
Zacks Investment Research
2 weeks ago
Mercury General (MCY) Up 0.2% Since Last Earnings Report: Can It Continue?
Mercury General (MCY) reported earnings 30 days ago. What's next for the stock?
Neutral
Zacks Investment Research
1 month ago
Is the Options Market Predicting a Spike in Mercury General (MCY) Stock?
Investors need to pay close attention to Mercury General (MCY) stock based on the movements in the options market lately.
Neutral
Business Wire
1 month ago
AM Best Revises Outlooks to Negative for Mercury General Corporation and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of Mercury Casualty Group (Mercury). Concurrently, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of “bbb” (Good) of the organization's publicly traded ultimate parent, Mercury General Corporation (MGC) (Los Angeles, CA.
Neutral
Zacks Investment Research
1 month ago
Mercury General Q4 Earnings Top on Higher Net Investment Income
MCY's Q4 results reflect improved net premiums and higher average invested assets and cash, partially offset by wider catastrophe losses.
Neutral
Seeking Alpha
1 month ago
Mercury General Corporation (MCY) Q4 2024 Earnings Call Transcript
Mercury General Corporation (NYSE:MCY ) Q4 2024 Earnings Call February 12, 2025 12:00 PM ET Company Participants Gabriel Tirador - Chief Executive Officer Victor Joseph - President and Chief Operating Officer Ted Stalick - Senior Vice President and Chief Financial Officer Chris Graves - Vice President and Chief Investment Officer Jeff Schroeder - Chief Product Officer Conference Call Participants Gregory Peters - Raymond James Guy Baron - Springview Prem Nainani - Aplomado Advisors Ian Holland - Private Investor Dan David - Wolfpack Research Operator Good morning and welcome to the Mercury General Corporation's Fourth Quarter 2024 Conference Call. [Operator Instructions] Please note this event is being recorded.
Positive
Zacks Investment Research
1 month ago
Mercury General (MCY) Q4 Earnings and Revenues Beat Estimates
Mercury General (MCY) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.15 per share a year ago.
Neutral
PRNewsWire
1 month ago
Mercury General Corporation Announces Fourth Quarter and Fiscal 2024 Results and Declares Quarterly Dividend
LOS ANGELES , Feb. 11, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2024 results: Consolidated Highlights Three Months Ended December 31, Change Twelve Months Ended December 31, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,352,101 $ 1,144,895 $ 207,206 18.1 % $ 5,075,456 $ 4,274,378 $ 801,078 18.7 % Net premiums written (1) $ 1,314,933 $ 1,132,150 $ 182,783 16.1 % $ 5,378,310 $ 4,464,199 $ 914,111 20.5 % Net realized investment (losses) gains, net of tax (2) $ (52,823) $ 127,810 $ (180,633) (141.3) % $ 70,050 $ 79,801 $ (9,751) (12.2) % Net income $ 101,068 $ 191,394 $ (90,326) (47.2) % $ 467,953 $ 96,336 $ 371,617 385.8 % Net income per diluted share $ 1.82 $ 3.46 $ (1.64) (47.4) % $ 8.45 $ 1.74 $ 6.71 385.6 % Operating income (1) $ 153,891 $ 63,584 $ 90,307 142.0 % $ 397,903 $ 16,535 $ 381,368 2,306.4 % Operating income per diluted share (1) $ 2.78 $ 1.15 $ 1.63 141.7 % $ 7.19 $ 0.30 $ 6.89 2,296.7 % Catastrophe losses net of reinsurance (3) $ 41,000 $ 16,000 $ 25,000 156.3 % $ 277,000 $ 239,000 $ 38,000 15.9 % Combined ratio (4) 91.4 % 98.6 % — (7.2) pts 96.0 % 105.4 % — (9.4) pts (1) These measures are not based on U.S. generally accepted accounting principles ("GAAP"), are defined in "Information Regarding GAAP and Non-GAAP Measures" and are reconciled to the most directly comparable GAAP measures in "Supplemental Schedules." (2) Net realized investment (losses) gains before tax were $(67) million and $162 million for the three months ended December 31, 2024 and 2023, respectively, and $89 million and $101 million for the twelve months ended December 31, 2024 and 2023, respectively.
Negative
Zacks Investment Research
1 month ago
What Should You Do With Mercury General Stock Ahead of Q4 Earnings?
Risks related to geographical concentration, negative analysts' sentiment, and a probable decline in the bottom line keep us doubtful on MCY stock.
Neutral
PRNewsWire
1 month ago
MERCURY GENERAL CORPORATION TO DISCUSS FOURTH QUARTER 2024 RESULTS AND THE RECENT SOUTHERN CALIFORNIA WILDFIRES ON FEBRUARY 12, 2025
(Follow-Up to January 24 th Press Release with Access Information) LOS ANGELES , Feb. 5, 2025 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) will host an investor conference call and webcast on February 12, 2025 at 9:00 A.M. Pacific Time (12:00 P.M.
Charts implemented using Lightweight Charts™