MCY Outperforms Industry, Trades Near 52-Week High: What's Next?

Key Takeaways MCYs top line witnessed a 7.6% CAGR from 2020-2024, supported by higher net premiums earned & other revenues.Net investment income has surged with a 15.7% CAGR over the past five years.MCYs net premiums written are driven by rate increases and rising policy counts in California auto.Shares of Mercury General Corporation (MCY) have gained 20.4% in the past year, outperforming its industry, the Finance sector and the Zacks S&P 500 composite’s growth of 6.8%, 17.1% and 15.6%, respectively. Mercur ...