Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Mercury General Corp (NYSE: MCY) closed at $49.69 in the last session, down -0.30% from day before closing price of $49.84. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 0.68 million shares were traded. MCY stock price reached its highest trading level at $50.395 during the session, while it also had its lowest trading level at $48.28.
Ratios:
We take a closer look at MCY’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on July 07, 2023, Downgraded its rating to Outperform and sets its target price to $33 from $40 previously.
On November 04, 2022, Raymond James Upgraded its rating to Strong Buy which previously was Underperform but kept the price unchanged to $45.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 07 ’25 when Ribisi Mark Allan bought 55 shares for $64.71 per share. The transaction valued at 3,559 led to the insider holds 680 shares of the business.
THE TIRADOR LIVINGTRUST bought 12,500 shares of MCY for $976,435 on Dec 05 ’24. On Dec 03 ’24, another insider, Sullivan Heidi C., who serves as the VP/Chief Human Capital Officer of the company, sold 1,076 shares for $77.28 each. As a result, the insider received 83,153 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MCY now has a Market Capitalization of 2751389952 and an Enterprise Value of 2434495232. As of this moment, Mercury’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.93, and their Forward P/E ratio for the next fiscal year is 14.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 0.444 whereas that against EBITDA is 3.068.
Stock Price History:
The Beta on a monthly basis for MCY is 0.87, which has changed by 0.27110434 over the last 52 weeks, in comparison to a change of 0.21926713 over the same period for the S&P500. Over the past 52 weeks, MCY has reached a high of $80.72, while it has fallen to a 52-week low of $37.89. The 50-Day Moving Average of the stock is -23.21%, while the 200-Day Moving Average is calculated to be -18.64%.
Shares Statistics:
According to the various share statistics, MCY traded on average about 557.31K shares per day over the past 3-months and 1132540 shares per day over the past 10 days. A total of 55.37M shares are outstanding, with a floating share count of 26.55M. Insiders hold about 52.04% of the company’s shares, while institutions hold 42.94% stake in the company. Shares short for MCY as of 1736899200 were 1737628 with a Short Ratio of 3.12, compared to 1734048000 on 1040100. Therefore, it implies a Short% of Shares Outstanding of 1737628 and a Short% of Float of 8.290000000000001.
Dividends & Splits
The forward annual dividend rate for MCY is 1.27, which was 1.27 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.02548154The stock’s 5-year Average Dividend Yield is 4.53. The current Payout Ratio is 73.00% for MCY, which recently paid a dividend on 2024-12-12 with an ex-dividend date of 1733961600. Stock splits for the company last occurred on 1997-10-10 when the company split stock in a 2:1 ratio.
