Mercury General (NYSE:MCY – Get Free Report) released its quarterly earnings data on Tuesday. The insurance provider reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.84, Zacks reports. Mercury General had a return on equity of 18.04% and a net margin of 10.18%.
Mercury General Trading Down 1.1 %
NYSE MCY traded down $0.55 on Tuesday, reaching $50.13. The stock had a trading volume of 1,225,812 shares, compared to its average volume of 1,047,710. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $60.79 and a two-hundred day moving average price of $63.90. Mercury General has a 12-month low of $39.56 and a 12-month high of $80.72. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 4.97 and a beta of 0.85.
Analysts Set New Price Targets
Separately, StockNews.com cut Mercury General from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 26th.
Insiders Place Their Bets
In other news, VP Heidi C. Sullivan sold 1,076 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $77.28, for a total value of $83,153.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 35.50% of the stock is owned by insiders.
About Mercury General
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.
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