Mercury General Corp is a American stock, trading under the symbol MCY-N on the New York Stock Exchange (MCY). It is usually referred to as NYSE:MCY or MCY-N
In the last year, there was no coverage of Mercury General Corp published on Stockchase.
Mercury General Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Mercury General Corp.
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In the last year, there was no coverage of Mercury General Corp published on Stockchase.
On 2025-01-29, Mercury General Corp (MCY-N) stock closed at a price of $49.54.
The insurer of private homes and autos in the Los Angeles area has traded down aggressively as the wildfires have raged. Although analysts expect EPS to be reported at near zero this quarter, the outlook for the end of the fires looks positive and we think the news is fully discounted in the share price now. It trades at 5x earnings, 1.5x book and supports a 34% ROE. We recommend setting a stop-loss at $35, looking to achieve $70 -- upside potential of 40%. Yield 2.5%
(Analysts’ price target is $70.00)