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Are You Looking for a Top Momentum Pick? Why Mercury General (MCY) is a Great Choice
ZACKS· 2024-08-06 17:01
Company Overview - Mercury General (MCY) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [4] Performance Metrics - Over the past week, MCY shares increased by 1.5%, while the Zacks Insurance - Property and Casualty industry declined by 0.26% [6] - In the last month, MCY's price change was 12.02%, outperforming the industry's 2.13% [6] - Over the past quarter, MCY shares rose by 3.73%, and over the last year, they gained 88.2%, compared to the S&P 500's increases of 1.55% and 17.43%, respectively [7] Trading Volume - MCY's average 20-day trading volume is 213,070 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, one earnings estimate for MCY increased, while none decreased, raising the consensus estimate from $3.44 to $4.00 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]
Mercury General (MCY) Q2 Earnings Beat Estimates
ZACKS· 2024-07-30 22:31
Mercury General (MCY) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to loss of $0.47 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. What's Next for Mercury General? There are no easy answers to this key quest ...
Mercury General(MCY) - 2024 Q2 - Quarterly Report
2024-07-30 20:08
Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR MERCURY GENERAL CORPORATION (Exact name of registrant as specified in its charter) ________________________________ Registrant's telephone number, including area code: (323) 937-1060 _______________________________ Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant is a large accelerated filer, an ac ...
Mercury General(MCY) - 2024 Q2 - Quarterly Results
2024-07-30 20:07
Exhibit 99.1 4484 Wilshire Boulevard Los Angeles, California 90010 (323) 937-1060 Fax (323) 857-7125 Los Angeles, California…Mercury General Corporation (NYSE: MCY) reported today for the second quarter of 2024: Consolidated Highlights | | | Three Months Ended June 30, | | | Change | | | Six Months Ended June 30, | | | | Change | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2024 | | 2023 | | $ | % | | 2024 | 2023 | $ | | | % | | (000's except per-share amounts ...
Mercury Insurance Partners With iHeart Radio to Honor Community Heroes
Prnewswire· 2024-07-29 16:00
LOS ANGELES, July 29, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY) is on the hunt for San Diego's biggest and brightest "Community Rockstars" this summer. The company, in partnership with iHeart Radio, will honor San Diego's most deserving unsung heroes with a VIP prize package truly fit for a rockstar. "Not all rockstars play instruments, sing or perform on stage. Some wear a stethoscope or a whistle and impact lives in a very different way, every single day," said Erik Thompson, VP & CMO of Mercury ...
Mercury Insurance and UCLA Anderson Forecast Partner to Lead Research on the Impact of Climate Change and the Economy
Prnewswire· 2024-07-16 16:00
About Mercury Insurance LOS ANGELES, July 16, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has announced a strategic partnership with the UCLA Anderson Forecast to spearhead research into the growing impact and implications of climate change on the California economy. The results of the effort will help create a roadmap for California — and California-based businesses like Mercury — to support Californians living with increased risk from the impa ...
Mercury Insurance Names the Most Affordable New Sedans to Insure
Prnewswire· 2024-07-12 15:52
Two Hyundai products top this year's list LOS ANGELES, July 12, 2024 /PRNewswire/ -- Specific sedan models are once again some of the most affordable vehicles to purchase and own, according to Mercury Insurance (NYSE: MCY), a leading auto insurer in California. Announced today, Mercury has compiled a list of the most affordable new sedans to insure. This list was created with the goal of helping budget-conscious consumers find a vehicle that will save them money on insurance. Mercury Insurance Factors contr ...
MERCURY GENERAL CORPORATION TO REPORT SECOND QUARTER RESULTS ON JULY 30, 2024
Prnewswire· 2024-07-09 17:16
LOS ANGELES, July 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, July 30, 2024, the Company will issue an earnings press release reporting its results for the second 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 ar ...
Mercury Insurance is Ready to Assist Texas Policyholders Impacted by Hurricane Beryl
Prnewswire· 2024-07-08 22:32
In the aftermath of the storm, impacted policyholders also have the option to initiate a claim seamlessly through Mercury's user-friendly web-based app or via telephone. Those choosing the digital route will be guided through a straightforward process using clear prompts. Mercury's dedicated claims adjusters stand ready to evaluate storm-related damages. Mercury Insurance encourages customers to review their homeowners and auto insurance policies with their local agents on a yearly basis to ensure they have ...
Mercury Insurance Names the Most Affordable New Trucks and SUVs to Insure
Prnewswire· 2024-06-25 16:00
Here is the top 10 list for new 2024 trucks, beginning with the most affordable make and model to insure: | --- | |-----------------------------| | | | Chevrolet Colorado | | Chevrolet Silverado | | Ford Maverick/Ford Ranger * | | Hyundai Santa Cruz | | Toyota Tundra Crewmax | | Ford F350 Super Duty | | Ford F150 | | Toyota Tacoma | | Ford F250 Super Duty | | Dodge Ram 1500 | Chevrolet takes top two truck spots with Ford taking five spots in the top 10; Fiat is the most budget-friendly SUV to insure with Ho ...