Shares of Mercury General Corp. (NYSE:MCY) saw unusually-strong trading volume on Friday . Approximately 702,245 shares traded hands during trading, an increase of 340% from the previous session’s volume of 159,593 shares.The stock last traded at $55.37 and had previously closed at $56.02.

Several research analysts recently issued reports on MCY shares. Zacks Investment Research raised shares of Mercury General Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. Compass Point reissued a “neutral” rating and set a $55.00 target price (up from $50.00) on shares of Mercury General Corp. in a research note on Tuesday, May 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $52.67.

The stock has a 50-day moving average of $53.30 and a 200 day moving average of $52.02. The company has a market cap of $3.06 billion and a price-to-earnings ratio of 42.66.

Other hedge funds and institutional investors have bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Mercury General Corp. by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,103,212 shares of the company’s stock valued at $51,378,000 after buying an additional 46,529 shares during the period. Wells Fargo & Company MN increased its position in Mercury General Corp. by 11.4% in the fourth quarter. Wells Fargo & Company MN now owns 264,328 shares of the company’s stock valued at $12,310,000 after buying an additional 26,973 shares during the period. Liberty Mutual Group Asset Management Inc. increased its position in Mercury General Corp. by 51.5% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 23,459 shares of the company’s stock valued at $1,093,000 after buying an additional 7,979 shares during the period. California State Teachers Retirement System increased its position in Mercury General Corp. by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 51,704 shares of the company’s stock valued at $2,408,000 after buying an additional 696 shares during the period. Finally, Rhumbline Advisers increased its position in Mercury General Corp. by 0.4% in the fourth quarter. Rhumbline Advisers now owns 49,489 shares of the company’s stock valued at $2,305,000 after buying an additional 180 shares during the period.

Mercury General Corporation is an insurance holding company. The Company is engaged in writing personal automobile insurance through approximately 10 insurance subsidiaries in over 10 states. The Company operates through Property and Casualty business segment. The Company also writes homeowners, commercial automobile, commercial property, mechanical breakdown and umbrella insurance.

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