Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. It also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. The company's automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners' insurance products comprise dwelling, liability, personal property, fire, and other hazards. It sells its policies through a network of independent agents, insurance agencies, and direct channels in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. The company was founded in 1961 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NYSE
Website: mercuryinsurance.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/7/2023 | $40.00 → $33.00 | Strong Buy → Outperform | Raymond James |
11/4/2022 | $45.00 | Underperform → Strong Buy | Raymond James |
SC 13G/A - MERCURY GENERAL CORP (0000064996) (Subject)
Raymond James downgraded Mercury General from Strong Buy to Outperform and set a new price target of $33.00 from $40.00 previously
Raymond James upgraded Mercury General from Underperform to Strong Buy and set a new price target of $45.00
Raymond James resumed coverage of Mercury General with a rating of Sell
Mercury's New Umbrella Insurance Better Protects Illinoisans' Personal Wealth Against Bodily Injury Claims LOS ANGELES, Sept. 3, 2024 /PRNewswire/ -- Multi-vehicle crashes, dog bites or a delivery person being injured on your property are some of the unexpected events that are putting Illinoisans' personal financial health at risk. In fact, bodily injury payouts have continued to climb year over year since the start of the pandemic, with the average amount for a liability claim increasing by 35%, according to Mercury Insurance (NYSE:MCY). The recent trend of rising liability injury claims for home and auto owners that exceed traditional policy limits has moved Mercury to unveil an all-new p
Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES, Aug. 6, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Tropical Storm Debby in Georgia. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html. "We recognize that the recovery process after a tropical storm such as Debby can be a difficult and emotional time. However, the Mercury claims team is here for our Georgia customers impacted by the severe weather," says Bonnie Lee, Vice President, Property
Three Hyundai Motor Group Products Make This Year's List LOS ANGELES, Aug. 5, 2024 /PRNewswire/ -- Due to the growing demand for electric vehicles, particularly in California, Mercury Insurance (NYSE:MCY) has compiled a list of the most affordable new EVs to insure, which will arm consumers with valuable knowledge when they go to shop for an EV. Factors contributing to insurance costs include claims on similar vehicles, cost to repair and vehicle safety records. Mercury's research and development team examined 2024 model-year EVs that are available at dealerships today to com
LOS ANGELES, July 30, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today for the second quarter of 2024: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,236,024 $ 1,034,469 $ 201,555 19.5 $ 2,402,703 $ 2,039,173 $ 363,530 17.8 Net premiums written (1) $ 1,355,460 $ 1,115,345 $ 240,115 21.5 $ 2,640,444 $ 2,125,546 $ 514,898 24.2 Net realized investment gains (losses), net of tax (2) $ 2,290 $ (15,625) $ 17,915 NM $ 32,461 $ 23,091 $ 9,370 40.6 Net income (loss) $ 62,568 $ (41,543) $ 104,111
Mercury's 'Community Rockstars' Campaign to Recognize Outstanding Community Members in San Diego Area LOS ANGELES, July 29, 2024 /PRNewswire/ -- Mercury Insurance (NYSE:MCY) is on the hunt for San Diego's biggest and brightest "Community Rockstars" this summer. The company, in partnership with iHeart Radio, will honor San Diego's most deserving unsung heroes with a VIP prize package truly fit for a rockstar. The program will honor and recognize San Diegans who have positively impacted their communities and the people who live there. These everyday heroes come from all walks of life — teachers, nurses, social workers, soccer coaches — anyone who gives selflessly to help make San Diego "Americ
Dr. Zhiyun Li will serve as the Mercury Insurance Climate Economist at UCLA Anderson Forecast, providing insight into the economic impact of climate change in California and its implications on the insurance business LOS ANGELES, July 16, 2024 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a leading provider of property and casualty insurance, has announced a strategic partnership with the UCLA Anderson Forecast to spearhead research into the growing impact and implications of climate change on the California economy. The results of the effort will help create a roadmap for California — and California-based businesses like Mercury — to support Californians living with increased risk from the
Two Hyundai products top this year's list LOS ANGELES, July 12, 2024 /PRNewswire/ -- Specific sedan models are once again some of the most affordable vehicles to purchase and own, according to Mercury Insurance (NYSE:MCY), a leading auto insurer in California. Announced today, Mercury has compiled a list of the most affordable new sedans to insure. This list was created with the goal of helping budget-conscious consumers find a vehicle that will save them money on insurance. Factors contributing to insurance costs include claims on similar vehicles, costs to repair and vehicle
LOS ANGELES, July 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, July 30, 2024, the Company will issue an earnings press release reporting its results for the second quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many
Policyholders can report claims anytime at (800) 503-3724 or via Mercury's automated digital experience LOS ANGELES, July 8, 2024 /PRNewswire/ -- Mercury Insurance is ready to assist policyholders who have been impacted by Hurricane Beryl in Houston, Texas. Customers can report damages and losses anytime through Mercury's claims hotline at (800) 503-3724 or digitally by visiting https://www.mercuryinsurance.com/claims/residence-claim.html. "We recognize that the recovery process after a hurricane such as Beryl can be a difficult and emotional time. However, the Mercury claims team is here for our Texas customers impacted by the severe weather," says Bonnie Lee, Vice President, Property Claim
Chevrolet takes top two truck spots with Ford taking five spots in the top 10; Fiat is the most budget-friendly SUV to insure with Honda taking four in the top 10 LOS ANGELES, June 25, 2024 /PRNewswire/ -- Consumers continue to gravitate toward larger vehicles as the truck and SUV segments dominate sales in the U.S., a trend that shows no signs of slowing down. Mercury Insurance (NYSE:MCY), a leading personal and commercial auto insurer in California — the car capital of the U.S. — and provider of auto insurance in 10 other states, has generated a list of the most affordable new SUVs and trucks to help car buyers find a vehicle that will save them money on insurance.
Simon Zhang will spearhead effort to unlock Mercury's deep data and analytics resources to fuel the company's innovation efforts and improve customer experiences LOS ANGELES, Feb. 8, 2024 /PRNewswire/ -- Mercury Insurance (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Simon Zhang to the newly-created position of Chief Data and Analytics Officer. The hire continues Mercury's ongoing effort to utilize advanced data analytics to drive business growth, elevate the carrier's product offerings, and better meet the needs of its policyholders. "This
Wilson Pang to Supercharge Technological Innovation Focused on Today's Modern Customers LOS ANGELES, March 6, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Wilson Pang as Chief Technology Officer (CTO) to lead its technological transformation efforts. Mercury was built on innovation when George Joseph – who founded Mercury more than 60 years ago – transformed the industry with the introduction of segmented pricing for different risk groups. With that entrepreneurial spirit serving as the foundation for the company, Mercury is poised to take a giant step into the digital future with the appointment of Mr. Pang
Wilson Pang to Supercharge Technological Innovation Focused on Today's Modern Customers LOS ANGELES, March 6, 2023 /PRNewswire-PRWeb/ -- Mercury General Corporation (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Wilson Pang as Chief Technology Officer (CTO) to lead its technological transformation efforts. Mercury was built on innovation when George Joseph – who founded Mercury more than 60 years ago – transformed the industry with the introduction of segmented pricing for different risk groups. With that entrepreneurial spirit serving as the foundation for the company, Mercury is poised to take a giant step into the digital future with the appointment of Mr
10-Q - MERCURY GENERAL CORP (0000064996) (Filer)
8-K - MERCURY GENERAL CORP (0000064996) (Filer)
8-K - MERCURY GENERAL CORP (0000064996) (Filer)
10-Q - MERCURY GENERAL CORP (0000064996) (Filer)
8-K - MERCURY GENERAL CORP (0000064996) (Filer)
ARS - MERCURY GENERAL CORP (0000064996) (Filer)
DEF 14A - MERCURY GENERAL CORP (0000064996) (Filer)
DEFA14A - MERCURY GENERAL CORP (0000064996) (Filer)
10-K - MERCURY GENERAL CORP (0000064996) (Filer)
8-K - MERCURY GENERAL CORP (0000064996) (Filer)
Mercury General (NYSE:MCY) reported quarterly Adj earnings of $0.78 per share which beat the analyst consensus estimate of $0.12 by 550 percent. The company reported quarterly sales of $1.274 billion which beat the analyst consensus estimate of $1.236 billion by 3.11 percent. This is a 15.09 percent increase over sales of $1.107 billion the same period last year.
U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday. Shares of CarMax, Inc. (NYSE:KMX) fell sharply in today’s pre-market trading after the company reported lower-than-expected fourth-quarter earnings. CarMax posted quarterly earnings of 32 cents per share, missing market estimates of 49 cents per share. The company’s quarterly sales came in at $5.63 billion versus expectations of $5.79 billion, according to data from Benzinga Pro. CarMax shares dipped 9.1% to $72.06 in pre-market trading. Here are some big stocks recording losses in today’s pre-market trading session. The Lovesac Company (NASDAQ:LOVE) shares fell 13% to $20.30 in pr
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Huize Holding (NASDAQ:HUIZ) shares moved upwards by 5.26% to $0.74 during Wednesday's regular session. Huize Holding's stock is trading at a volume of 10.0K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $35.9 million. Fanhua (NASDAQ:FANH) stock moved upwards by 2.07% to $5.4. The current volume of 3.5K shares is 0% of Fanhua's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $334.7 million. Tiptre
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Tian Ruixiang Holdings (NASDAQ:TIRX) shares moved upwards by 33.53% to $0.8 during Monday's regular session. The current volume of 7.7 million shares is 0% of Tian Ruixiang Holdings's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.3 million. Marpai (NASDAQ:MRAI) shares rose 12.19% to $1.38. Trading volume for this security as of 12:40 EST is 174.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $11.9 million. Mercury General (NYSE:MCY) stock move
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Marpai (NASDAQ:MRAI) stock moved upwards by 13.0% to $1.39 during Friday's regular session. Marpai's stock is trading at a volume of 65.3K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $12.6 million. Mercury General (NYSE:MCY) shares increased by 6.49% to $49.18. Trading volume for Mercury General's stock is 194.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.5 billion. As per the news, the Q4 earnings report came o
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Cheche Group (NASDAQ:CCG) stock increased by 17.89% to $5.6 during Thursday's regular session. As of 12:40 EST, Cheche Group's stock is trading at a volume of 523.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $359.0 million. Mercury General (NYSE:MCY) stock moved upwards by 8.45% to $46.48. Trading volume for Mercury General's stock is 239.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.3 billion. As per the news, the
According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Cheche Group (NASDAQ:CCG) stock increased by 107.54% to $6.6 during Wednesday's regular session. Trading volume for Cheche Group's stock is 7.2 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $513.7 million. Root (NASDAQ:ROOT) stock moved upwards by 9.04% to $8.8. As of 12:40 EST, this security is trading at a volume of 60.6K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $117.9 million. Mercury General (NYSE:MC
U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday. Shares of Charles River Laboratories International, Inc. (NYSE:CRL) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter results and issued guidance above estimates. Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company’s quarterly sales came in at $1.01 billion versus expectations of $991.25 million. Charles River Laboratories International, Inc. (NYSE:CRL) rose 7.2% to $236.00 on Wednesday. Here are some other big stocks recording gains in today’s session. Lyft, Inc. (NASDAQ:LYFT)
3 - MERCURY GENERAL CORP (0000064996) (Issuer)
4/A - MERCURY GENERAL CORP (0000064996) (Issuer)
4 - MERCURY GENERAL CORP (0000064996) (Issuer)
4 - MERCURY GENERAL CORP (0000064996) (Issuer)
4 - MERCURY GENERAL CORP (0000064996) (Issuer)
4 - MERCURY GENERAL CORP (0000064996) (Issuer)
4 - MERCURY GENERAL CORP (0000064996) (Issuer)
3 - MERCURY GENERAL CORP (0000064996) (Issuer)
4 - MERCURY GENERAL CORP (0000064996) (Issuer)
3 - MERCURY GENERAL CORP (0000064996) (Issuer)
LOS ANGELES, July 30, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today for the second quarter of 2024: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2024 2023 $ % 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,236,024 $ 1,034,469 $ 201,555 19.5 $ 2,402,703 $ 2,039,173 $ 363,530 17.8 Net premiums written (1) $ 1,355,460 $ 1,115,345 $ 240,115 21.5 $ 2,640,444 $ 2,125,546 $ 514,898 24.2 Net realized investment gains (losses), net of tax (2) $ 2,290 $ (15,625) $ 17,915 NM $ 32,461 $ 23,091 $ 9,370 40.6 Net income (loss) $ 62,568 $ (41,543) $ 104,111
LOS ANGELES, July 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, July 30, 2024, the Company will issue an earnings press release reporting its results for the second quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many
LOS ANGELES, April 30, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the first quarter of 2024: Consolidated Highlights Three Months Ended March 31, Change 2024 2023 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,166,679 $ 1,004,704 $ 161,975 16.1 Net premiums written (1) $ 1,284,984 $ 1,010,202 $ 274,782 27.2 Net realized investment gains, net of tax (2) $ 30,172 $ 38,716 $ (8,544) (22.1) Net income (loss) $ 73,462 $ (45,288) $ 118,750 NM Net income (loss) per diluted share $ 1.33 $ (0.82) $ 2.15 NM Operating income (loss) (1)
LOS ANGELES, April 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, April 30, 2024, the Company will issue an earnings press release reporting its results for the first quarter of 2024, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in ma
LOS ANGELES, Feb. 13, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today the fourth quarter and fiscal 2023 results: Consolidated Highlights Three Months EndedDecember 31, Change Twelve Months EndedDecember 31, Change 2023 2022 $ % 2023 2022 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,144,895 $ 1,005,482 $ 139,413 13.9 % $ 4,274,378 $ 3,952,482 $ 321,896 8.1 % Net premiums written (1) $ 1,132,150 $ 915,750 $ 216,400 23.6 % $ 4,464,199 $ 3,978,017 $ 486,182 12.2 % Net realized investment gains (losses), net of tax (2) $ 127,810 $ 73,595 $ 54,215 73.7 % $ 79,801 $(385,583) $ 465,384 NM Net inco
LOS ANGELES, Jan. 16, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 13, 2024, the Company will issue an earnings press release reporting its results for the fourth quarter of 2023, and will also file its annual report on Form 10-K with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's annual report on Form 10-K. Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many
LOS ANGELES, Oct. 10, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, October 31, 2023, the Company will issue an earnings press release reporting its results for the third quarter of 2023, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in ma
LOS ANGELES, Aug. 1, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today for the second quarter of 2023: Consolidated Highlights Three Months Ended June 30, Change Six Months Ended June 30, Change 2023 2022 $ % 2023 2022 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,034,469 $ 987,512 $ 46,957 4.8 $ 2,039,173 $ 1,950,062 $ 89,111 4.6 Net premiums written (1) $ 1,115,345 $ 1,016,994 $ 98,351 9.7 $ 2,125,546 $ 2,027,791 $ 97,755 4.8 Net realized investment (losses) gains, net of tax (2) $ (15,625) $ (191,131) $ 175,506 NM $ 23,091 $ (345,249) $ 368,340 NM Net loss $ (41,543) $ (210,681) $ 169,13
LOS ANGELES, July 11, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today that after the markets close on Tuesday, August 1, 2023, the Company will issue an earnings press release reporting its results for the second quarter of 2023, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q. Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in man
LOS ANGELES, May 2, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today for the first quarter of 2023: Consolidated Highlights Three Months Ended March 31, Change 2023 2022 $ % (000's except per-share amounts and ratios) Net premiums earned $ 1,004,704 $ 962,550 $ 42,154 4.4 Net premiums written (1) (2) $ 1,010,202 $ 1,010,798 $ (596) (0.1) Net realized investment gains (losses), net of tax (3) $ 38,716 $ (154,118) $ 192,834 NM Net loss $ (45,288) $ (196,917) $ 151,629 NM Net loss per diluted share (4) $ (0.82) $ (3.56) $ 2.74 NM Operating loss (1) $ (84,004)