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Mercury General Corp (MCY-N)
NYSE:MCY
53.22
0.31
(0.59%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 1 opinions in the last 12 months.
Mercury General Corp, symbol MCY-N, has faced significant trading pressure recently, largely attributed to the ongoing wildfires impacting the Los Angeles area. Despite expectations for this quarter’s earnings per share (EPS) to report near zero, analysts maintain a cautiously optimistic outlook due to signs indicating the fires' eventual resolution. This sentiment suggests that the negative news has already been reflected in the company's current share price. The stock is trading at a low valuation of 5 times earnings and 1.5 times book value, alongside a commendable return on equity (ROE) of 34%. Analysts recommend setting a stop-loss at $35 and express a target price of $70, indicating a potential upside of 40% alongside a yield of 2.5%.
$49.930
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Mercury General Corp(MCY-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Mercury General Corp(MCY-N) Frequently Asked Questions
What is Mercury General Corp stock symbol?
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
Is Mercury General Corp a buy or a sell?
In the last year, there was no coverage of Mercury General Corp published on Stockchase.
Is Mercury General Corp a good investment or a top pick?
Mercury General Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Mercury General Corp.
Why is Mercury General Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Mercury General Corp worth watching?
0 stock analysts on Stockchase covered Mercury General Corp In the last year. It is a trending stock that is worth watching.
What is Mercury General Corp stock price?
On 2025-02-19, Mercury General Corp (MCY-N) stock closed at a price of $53.22.
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)