2 weeks Ago By Defense World Staff
Legal & General Group Plc cut its stake in Mercury General Co. ( NYSE:MCY – Free Report ) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 82,654 shares of the insurance provider’s stock after selling 3,885 shares during the period. Legal & General Group Plc owned approximately 0.15% of Mercury General worth $5,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in MCY. Vanguard Group Inc. grew its holdings in Mercury General by 4.
7% in the 4th quarter. Vanguard Group Inc. now owns 3,670,014 shares of the insurance provider’s stock valued at $243,983,000 after buying an additional 165,629 shares in the last quarter.
Geode Capital Management LLC boosted its position in shares of Mercury General by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 623,460 shares of the insurance provider’s stock valued at $39,273,000 after acquiring an additional 15,264 shares during the last quarter.
Arrowstreet Capital Limited Partnership grew its holdings in shares of Mercury General by 0.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 485,767 shares of the insurance provider’s stock valued at $32,294,000 after purchasing an additional 4,372 shares during the period.
American Century Companies Inc. increased its position in Mercury General by 94.6% during the fourth quarter.
American Century Companies Inc. now owns 304,992 shares of the insurance provider’s stock worth $20,276,000 after purchasing an additional 148,301 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Mercury General by 5.
0% during the fourth quarter. Bank of New York Mellon Corp now owns 302,660 shares of the insurance provider’s stock worth $20,121,000 after purchasing an additional 14,328 shares during the period. Institutional investors and hedge funds own 42.
39% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have recently issued reports on the stock. StockNews.
com downgraded shares of Mercury General from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Raymond James raised Mercury General from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $70.00 to $80.
00 in a research report on Wednesday, February 12th. Mercury General Stock Performance Shares of MCY stock opened at $53.63 on Monday.
Mercury General Co. has a one year low of $44.19 and a one year high of $80.
72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.
34 and a current ratio of 0.34. The firm’s 50 day moving average price is $54.
24 and its 200-day moving average price is $61.30. The firm has a market cap of $2.
97 billion, a P/E ratio of 6.35 and a beta of 0.81.
Mercury General ( NYSE:MCY – Get Free Report ) last released its quarterly earnings results on Tuesday, February 11th. The insurance provider reported $2.78 EPS for the quarter, topping the consensus estimate of $1.
94 by $0.84. Mercury General had a return on equity of 22.
54% and a net margin of 8.55%. As a group, equities research analysts predict that Mercury General Co.
will post -0.5 EPS for the current year. Mercury General Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th.
Shareholders of record on Thursday, March 13th were given a $0.3175 dividend. This is an increase from Mercury General’s previous quarterly dividend of $0.
32. This represents a $1.27 annualized dividend and a yield of 2.
37%. The ex-dividend date of this dividend was Thursday, March 13th. Mercury General’s payout ratio is currently 15.
03%. Mercury General Company Profile ( Free Report ) Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products.
Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages. Featured Articles Five stocks we like better than Mercury General What is the Hang Seng index? With a 60%+ Upside, There’s Plenty to Love About Lovesac Which Wall Street Analysts are the Most Accurate? J.B.
Hunt Transport Overcorrects Into a Buying Opportunity How to Use Stock Screeners to Find Stocks AppLovin: Can Record Profits Overcome Market Skepticism? Receive News & Ratings for Mercury General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury General and related companies with MarketBeat.com's FREE daily email newsletter ..
