MCY Rallies 22.6% YTD, Trades at Premium: Should You Buy the Stock?

Key Takeaways MCY grows steadily with higher premiums and a strong Property and Casualty segment.Net investment income expands with higher yields and a growing asset base.Strong liquidity with cash and investments supports operations and growth.Shares of Mercury General Corporation (MCY) are trading at a premium compared with the Zacks Insurance - Property and Casualty industry. Its price-to-book value of 2.29X is higher than the industry average of 1.54X. It has a Value Score of A. Image Source: Zacks Inve ...