How Analysts Feel About Mercury General Corporation (NYSE:MCY) After Decrease in Sellers?

February 15, 2018 - By Migdalia James

 How Analysts Feel About Mercury General Corporation (NYSE:MCY) After Decrease in Sellers?

Investors sentiment increased to 1.51 in 2017 Q3. Its up 0.47, from 1.04 in 2017Q2. It is positive, as 4 investors sold Mercury General Corporation shares while 51 reduced holdings. 24 funds opened positions while 59 raised stakes. 25.16 million shares or 2.63% less from 25.84 million shares in 2017Q2 were reported.
Horizon Kinetics Limited Liability Company has invested 0.01% in Mercury General Corporation (NYSE:MCY). Old Republic International holds 1.61% of its portfolio in Mercury General Corporation (NYSE:MCY) for 860,700 shares. Tiaa Cref Investment Mngmt Ltd Liability Co reported 50,913 shares. Manufacturers Life Ins The has 0% invested in Mercury General Corporation (NYSE:MCY) for 54,076 shares. Fifth Third National Bank invested 0% of its portfolio in Mercury General Corporation (NYSE:MCY). Mogy Joel R Counsel Incorporated accumulated 5,000 shares. Royal Bank Of Canada owns 6,648 shares or 0% of their US portfolio. 3,120 are held by State Of Alaska Department Of Revenue. Moreover, Da Davidson & Communications has 0.02% invested in Mercury General Corporation (NYSE:MCY) for 18,461 shares. Primecap Mngmt Communication Ca, a California-based fund reported 281,600 shares. Barclays Public Limited, United Kingdom-based fund reported 13,139 shares. Arizona State Retirement Systems owns 20,713 shares. Speece Thorson Grp Inc Inc holds 121,280 shares or 1.43% of its portfolio. 28,083 are held by Comerica Bancshares. Gsa Prns Llp owns 0.03% invested in Mercury General Corporation (NYSE:MCY) for 7,409 shares.

Since February 8, 2018, it had 1 buy, and 0 sales for $21,338 activity.

The stock of Mercury General Corporation (NYSE:MCY) registered a decrease of 0.31% in short interest. MCY’s total short interest was 2.32 million shares in February as published by FINRA. Its down 0.31% from 2.33M shares, reported previously. With 143,000 shares average volume, it will take short sellers 16 days to cover their MCY’s short positions. The short interest to Mercury General Corporation’s float is 8.54%.

The stock increased 2.11% or $0.94 during the last trading session, reaching $45.42. About 169,636 shares traded. Mercury General Corporation (NYSE:MCY) has risen 6.61% since February 15, 2017 and is uptrending. It has underperformed by 10.09% the S&P500.

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company has market cap of $2.51 billion. The firm also writes homeowners, commercial automobile, commercial property, mechanical breakdown, and umbrella insurance. It has a 17.34 P/E ratio. The Company’s automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeownerÂ’s insurance products cover dwelling, liability, personal property, fire, and other hazards.

Mercury General Corporation (NYSE:MCY) Ratings Coverage

Among 2 analysts covering Mercury General (NYSE:MCY), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Mercury General had 3 analyst reports since August 26, 2015 according to SRatingsIntel. Raymond James upgraded Mercury General Corporation (NYSE:MCY) on Friday, February 19 to “Mkt Perform” rating. Compass Point maintained it with “Neutral” rating and $55 target in Tuesday, May 3 report. The company was upgraded on Wednesday, August 26 by Zacks.

More notable recent Mercury General Corporation (NYSE:MCY) news were published by: Seekingalpha.com which released: “Mercury General’s (MCY) CEO Gabriel Tirador on Q3 2017 Results – Earnings Call …” on October 30, 2017, also Prnewswire.com with their article: “Mercury General Corporation To Report Fourth Quarter 2017 Results On February …” published on January 10, 2018, Nasdaq.com published: “Mercury General Corporation (MCY) Ex-Dividend Date Scheduled for December 13, 2017” on December 12, 2017. More interesting news about Mercury General Corporation (NYSE:MCY) were released by: Seekingalpha.com and their article: “”Mini-Crat” Profile: Mercury General’s 4.99% Yield Is Safe” published on January 16, 2018 as well as Seekingalpha.com‘s news article titled: “Portfolio” with publication date: July 25, 2017.

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