Mercury General Corporation (NYSE:MCY) Shorted Shares Decreased By 0.31%

February 15, 2018 - By Michael Collier

 Mercury General Corporation (NYSE:MCY) Shorted Shares Decreased By 0.31%

Investors sentiment increased to 1.51 in Q3 2017. Its up 0.47, from 1.04 in 2017Q2. It increased, 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.
Northern Trust holds 381,440 shares or 0.01% of its portfolio. Moreover, Visionary Asset Mgmt Inc has 0.09% invested in Mercury General Corporation (NYSE:MCY). Stifel Fincl accumulated 3,604 shares or 0% of the stock. Cetera Advsrs Limited, Colorado-based fund reported 4,680 shares. Weaver C Barksdale And Assocs has 0.02% invested in Mercury General Corporation (NYSE:MCY). Los Angeles Capital Mngmt & Equity Rech Inc has 32,864 shares for 0.01% of their portfolio. 28,083 were accumulated by Comerica National Bank. Salem Invest Counselors invested 0.01% of its portfolio in Mercury General Corporation (NYSE:MCY). Da Davidson owns 18,461 shares. Principal Fincl Gru Incorporated holds 0.01% or 150,511 shares. Pub Employees Retirement Sys Of Ohio reported 14,315 shares. Blackrock Inc reported 0.02% in Mercury General Corporation (NYSE:MCY). Speece Thorson Capital Group Inc Inc invested in 121,280 shares. Swiss Bancorp invested in 46,800 shares or 0% of the stock. Sg Americas Securities Ltd Liability accumulated 1,860 shares.

Since February 8, 2018, it had 1 insider buy, and 0 insider 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. The company was upgraded on Wednesday, August 26 by Zacks. The rating was maintained by Compass Point with “Neutral” on Tuesday, May 3. The stock of Mercury General Corporation (NYSE:MCY) earned “Mkt Perform” rating by Raymond James on Friday, February 19.

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, Seekingalpha.com published: “Portfolio” on July 25, 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 Prnewswire.com‘s news article titled: “Mercury General Corporation To Report Third Quarter Results On October 30, 2017” with publication date: October 09, 2017.

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