Shares of Mercury General Co. (NYSE:MCY) have been assigned an average broker rating score of 3.50 (Sell) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.

Analysts have set a 1 year consensus price target of $42.00 for the company and are forecasting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also given Mercury General an industry rank of 173 out of 265 based on the ratings given to related companies.

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Separately, Zacks Investment Research lowered shares of Mercury General from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 7th.

Shares of Mercury General (MCY) opened at $45.57 on Friday. The firm has a market cap of $2,633.81, a price-to-earnings ratio of 17.39, a PEG ratio of 0.75 and a beta of 0.48. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.21. Mercury General has a 1-year low of $41.40 and a 1-year high of $63.23.

Mercury General (NYSE:MCY) last announced its quarterly earnings data on Monday, February 5th. The insurance provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.18). The company had revenue of $779.20 million for the quarter, compared to analysts’ expectations of $847.35 million. Mercury General had a net margin of 4.24% and a return on equity of 5.14%. Mercury General’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $0.58 earnings per share. analysts predict that Mercury General will post 2.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Wednesday, March 14th. Mercury General’s dividend payout ratio (DPR) is presently 95.42%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Mercury General by 3.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 260,975 shares of the insurance provider’s stock valued at $13,947,000 after buying an additional 7,811 shares during the last quarter. Frontier Investment Mgmt Co. grew its holdings in shares of Mercury General by 6.4% during the fourth quarter. Frontier Investment Mgmt Co. now owns 193,104 shares of the insurance provider’s stock valued at $10,319,000 after buying an additional 11,657 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Mercury General during the third quarter valued at $312,000. Citadel Advisors LLC grew its holdings in shares of Mercury General by 18.7% during the third quarter. Citadel Advisors LLC now owns 187,767 shares of the insurance provider’s stock valued at $10,645,000 after buying an additional 29,553 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Mercury General during the fourth quarter valued at $629,000. 46.32% of the stock is currently owned by hedge funds and other institutional investors.

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Mercury General Company Profile

Mercury General Corporation is an insurance holding company. As of December 31, 2016, the Company and its subsidiaries were engaged in writing personal automobile insurance through 14 insurance subsidiaries in 11 states, principally California. Its segments include Property and Casualty Lines, and Other Lines.

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