Mercury General (MCY) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this auto insurance company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between tr ...

Mercury General (MCY) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 120.87%. A quarter ago, it was expected that this auto insurance company would post earnings of $0.80 per share when it actually produced earnings of $1.09, delivering a surprise of 36.25%. Over the last four quart ...

Table of Contents Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock MCY New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition p ...

Consolidated Highlights 4484 Wilshire Boulevard Los Angeles, California 90010 (323) 937-1060 Fax (323) 857-7125 Press Release FOR MORE INFORMATION, CONTACT: Theodore Stalick, SVP/CFO (323) 937-1060 www.mercuryinsurance.com For Release: October 29, 2024 Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend Los Angeles, California…Mercury General Corporation (NYSE: MCY) reported today for the third quarter of 2024: | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...

LOS ANGELES, Oct. 8, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, October 29, 2024, the Company will issue an earnings press release reporting its results for the third quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Mercury General Corporation and its subsidiaries ...

Core Insights - Insurance stocks are performing well in the financial sector, with several making it to the Zacks Rank 1 (Strong Buy) list [1] - Rate cuts are expected to benefit insurance companies by reducing borrowing costs and increasing consumer spending on insurance products [1] Group 1: Company Performance - Axis Capital Holdings (AXS) and Mercury General (MCY) are highlighted as top insurance stocks that investors should consider [2] - Axis Capital's stock has increased over 40% this year, while Mercury General's shares have risen nearly 70% [3] - Both companies are part of the Zacks Insurance-Property and Casualty Industry, which ranks in the top 8% of over 250 Zacks industries [3] Group 2: Earnings and Valuation - Axis Capital trades at a forward earnings multiple of 7.4X, with EPS expected to rise 9% in fiscal 2024 and another 8% in FY25 to $11.64 per share [5] - Mercury General's stock trades at a forward earnings multiple of 15.8X, below the S&P 500's 24.3X and closer to the industry average of 13.6X [5] - Mercury General's EPS is projected to increase over 1000% this year to $4.00, compared to $0.30 in 2023, with FY25 EPS expected to rise another 50% to $6.00 [6] Group 3: Dividend Yields - Both Axis Capital and Mercury General offer annual dividend yields over 2%, significantly higher than the industry average of 0.26% and the S&P 500's 1.24% [8] Group 4: Earnings Estimate Revisions - Earnings estimate revisions for Axis Capital and Mercury General have shown positive trends, indicating potential for further upside [10]

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene in Georgia. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html. "We recognize that the recovery process after a hurricane such as Helene ...

Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES, Sept. 27, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Helene across the Florida Panhandle area. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html. "We recognize that the recovery process after a h ...

Mercury's New Umbrella Insurance Better Protects Illinoisans' Personal Wealth Against Bodily Injury Claims LOS ANGELES, Sept. 3, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Illinoisans' personal financial health at risk. In fact, bodily injury payouts have continued to climb year over year since the start of the pandemic, with the average amount for a liability claim increasing by 35%, according ...

Wall Street has maintained its upward momentum in the second half of 2024, building on a robust first half. In light of this favorable scenario, a prudent investment approach involves scrutinizing indicators of relative price strength. Five such stocks to buy would be Synchronoss Technologies (SNCR) , Mercury General Corporation (MCY) , Universal Health Services (UHS) , Veracyte (VCYT) and Mueller Water Products (MWA) . Markets Defy Elevated Interest Rates The U.S. economy continues to demonstrate resilienc ...