Headlines about Mercury General Corporation (NYSE:MCY) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mercury General Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.7033082253339 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Mercury General Corporation (MCY) opened at 56.04 on Friday. The firm has a 50-day moving average price of $56.54 and a 200 day moving average price of $56.54. Mercury General Corporation has a 12 month low of $50.32 and a 12 month high of $64.52. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 39.19 and a beta of 0.50.
Mercury General Corporation (NYSE:MCY) last announced its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.18. The business had revenue of $852.80 million for the quarter, compared to analyst estimates of $815.85 million. Mercury General Corporation had a return on equity of 6.66% and a net margin of 2.45%. Mercury General Corporation’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, analysts anticipate that Mercury General Corporation will post $1.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were paid a $0.6225 dividend. This represents a $2.49 annualized dividend and a yield of 4.44%. The ex-dividend date was Wednesday, September 13th. Mercury General Corporation’s dividend payout ratio is 172.92%.
Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Mercury General Corporation from a “buy” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub raised Mercury General Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd.
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In related news, CEO Gabriel Tirador sold 2,355 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $59.00, for a total value of $138,945.00. Following the sale, the chief executive officer now owns 36,239 shares of the company’s stock, valued at approximately $2,138,101. The sale was disclosed in a legal filing with the SEC, which is available through this link. 34.30% of the stock is owned by insiders.
About Mercury General Corporation
Mercury General Corporation is an insurance holding company. As of December 31, 2016, the Company and its subsidiaries were engaged in writing personal automobile insurance through 14 insurance subsidiaries in 11 states, principally California. Its segments include Property and Casualty Lines, and Other Lines.
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