Mercury General (NYSE:MCY – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.
Mercury General Trading Up 1.2 %
Shares of MCY stock opened at $52.67 on Wednesday. Mercury General has a fifty-two week low of $26.15 and a fifty-two week high of $54.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a 50 day simple moving average of $49.10 and a two-hundred day simple moving average of $40.65. The company has a market cap of $2.92 billion, a P/E ratio of 30.27 and a beta of 0.80.
Mercury General (NYSE:MCY – Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The insurance provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.05 by $1.10. Mercury General had a net margin of 2.08% and a return on equity of 1.17%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.16 billion. Research analysts forecast that Mercury General will post 2.9 earnings per share for the current year.
Institutional Trading of Mercury General
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, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.
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