1 day Ago By Defense World Staff
Raymond James Financial Inc. purchased a new position in shares of Mercury General Co. ( NYSE:MCY – Free Report ) in the fourth quarter, according to its most recent filing with the SEC.
The firm purchased 39,037 shares of the insurance provider’s stock, valued at approximately $2,595,000. Raymond James Financial Inc. owned 0.
07% of Mercury General at the end of the most recent quarter. Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc.
boosted its position in shares of Mercury General by 4.7% during the 4th quarter. Vanguard Group Inc.
now owns 3,670,014 shares of the insurance provider’s stock valued at $243,983,000 after purchasing an additional 165,629 shares in the last quarter. American Century Companies Inc. grew its position in shares of Mercury General by 94.
6% during the 4th quarter. American Century Companies Inc. now owns 304,992 shares of the insurance provider’s stock worth $20,276,000 after buying an additional 148,301 shares during the period.
JPMorgan Chase & Co. increased its stake in shares of Mercury General by 233.0% in the 4th quarter.
JPMorgan Chase & Co. now owns 133,319 shares of the insurance provider’s stock valued at $8,863,000 after acquiring an additional 93,283 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd.
lifted its position in shares of Mercury General by 274.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 117,381 shares of the insurance provider’s stock valued at $7,803,000 after acquiring an additional 86,064 shares during the period. Finally, Norges Bank bought a new position in Mercury General during the fourth quarter worth $5,651,000. 42.
39% of the stock is owned by institutional investors. Analyst Ratings Changes MCY has been the subject of several research reports. StockNews.
com downgraded Mercury General from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Raymond James upgraded shares of Mercury General from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $70.00 to $80.
00 in a report on Wednesday, February 12th. Mercury General Stock Performance Shares of MCY opened at $56.29 on Wednesday.
Mercury General Co. has a 52 week low of $44.19 and a 52 week 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 stock has a 50 day moving average price of $54.
28 and a two-hundred day moving average price of $60.84. The firm has a market capitalization of $3.
12 billion, a P/E ratio of 6.66 and a beta of 0.81.
Mercury General ( NYSE:MCY – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $2.78 earnings per share for the quarter, beating 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%. Equities analysts forecast that Mercury General Co.
will post -0.5 earnings per share for the current fiscal year. Mercury General Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th.
Investors of record on Thursday, March 13th were given a dividend of $0.3175 per share. This represents a $1.
27 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Mercury General’s previous quarterly dividend of $0.
32. The ex-dividend date was Thursday, March 13th. Mercury General’s dividend payout ratio (DPR) is presently 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 How to Use Stock Screeners to Find Stocks Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet The How And Why of Investing in Oil Stocks Coca-Cola Company Stock Can Bubble to New Highs This Year What is MarketRankTM? How to Use it 3 Stocks Lifting 2025 Guidance Despite Market Jitters Want to see what other hedge funds are holding MCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercury General Co.
( NYSE:MCY – Free Report ). 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 .
.
