Mercury General (MCY) Receiving Somewhat Favorable Media Coverage, Study Finds
Headlines about Mercury General (NYSE:MCY) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mercury General earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.5109597403014 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Mercury General (NYSE MCY) traded down $0.29 during trading on Wednesday, hitting $54.71. The stock had a trading volume of 286,300 shares, compared to its average volume of 174,420. Mercury General has a fifty-two week low of $52.52 and a fifty-two week high of $64.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market cap of $3,033.86, a P/E ratio of 26.62, a P/E/G ratio of 1.10 and a beta of 0.53.
Mercury General (NYSE:MCY) last posted its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.18. The firm had revenue of $827.42 million during the quarter, compared to the consensus estimate of $835.00 million. Mercury General had a return on equity of 6.47% and a net margin of 3.00%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 EPS. sell-side analysts forecast that Mercury General will post 1.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This is an increase from Mercury General’s previous quarterly dividend of $0.62. This represents a $2.50 annualized dividend and a yield of 4.57%. Mercury General’s dividend payout ratio is currently 139.11%.
Several research firms have recently weighed in on MCY. Zacks Investment Research raised Mercury General from a “sell” rating to a “hold” rating and set a $68.00 target price for the company in a report on Wednesday, August 2nd. BidaskClub raised Mercury General from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, TheStreet downgraded Mercury General from a “b” rating to a “c+” rating in a report on Monday, October 30th.
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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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