MCY Outperforms Industry, Hits 52-Week High: How to Play the Stock

Key Takeaways Mercury General is seeing steady premium growth supported by rate hikes and more policies. The P&C segment remains stable, while investment income has grown on higher yields and assets. Strong liquidity and solid cash generation provide support for ongoing operational needs. Mercury General Corporation (MCY) hit a 52-week high of $89.92 on Nov. 18. Shares closed at $89.06 after gaining 20.8% in the past year, outperforming the industry, the sector, and the Zacks S&P 500 composite.Mercury Gener ...