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 |
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
10-Q - MERCURY GENERAL CORP (0000064996) (Filer)
8-K - MERCURY GENERAL CORP (0000064996) (Filer)
8-K - MERCURY GENERAL CORP (0000064996) (Filer)
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
SC 13G/A - MERCURY GENERAL CORP (0000064996) (Subject)
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)
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
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
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