NumerixS Investment Technologies Inc lessened its stake in shares of Mercury General Co. (NYSE:MCY) by 46.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,300 shares of the insurance provider’s stock after selling 2,012 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in Mercury General were worth $117,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. First Hawaiian Bank acquired a new stake in shares of Mercury General during the fourth quarter worth $38,000. Advisor Group Inc. grew its stake in shares of Mercury General by 28.3% during the fourth quarter. Advisor Group Inc. now owns 1,594 shares of the insurance provider’s stock worth $83,000 after purchasing an additional 352 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Mercury General by 460.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,266 shares of the insurance provider’s stock worth $114,000 after purchasing an additional 1,862 shares during the period. BlueMountain Capital Management LLC acquired a new stake in shares of Mercury General during the third quarter worth $134,000. Finally, Commonwealth Bank of Australia acquired a new stake in shares of Mercury General during the third quarter worth $195,000. Institutional investors and hedge funds own 47.61% of the company’s stock.
NYSE:MCY opened at $50.76 on Friday. Mercury General Co. has a 1 year low of $43.46 and a 1 year high of $61.83. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 28.20, a price-to-earnings-growth ratio of 0.26 and a beta of 0.24.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a $0.627 dividend. The ex-dividend date is Wednesday, March 13th. This represents a $2.51 dividend on an annualized basis and a yield of 4.94%. Mercury General’s payout ratio is 139.44%.
MCY has been the subject of a number of analyst reports. ValuEngine raised Mercury General from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Zacks Investment Research raised Mercury General from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, January 9th.
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Mercury General Company Profile
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, fire, and umbrella insurance. Its automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners' insurance products cover dwelling, liability, personal property, fire, and other hazards.
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