Mercury General (MCY) Stock Overview
Engages in writing personal automobile insurance in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
MCY Community Fair Values
Create NarrativeSee what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Top Community Narratives
US$102.88
FV
3.1% undervalued intrinsic discount10.77%
Revenue growth p.a.
11
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Mercury General Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$99.67 |
| 52 Week High | US$100.69 |
| 52 Week Low | US$59.01 |
| Beta | 0.94 |
| 1 Month Change | 8.09% |
| 3 Month Change | 7.28% |
| 1 Year Change | 64.72% |
| 3 Year Change | 230.80% |
| 5 Year Change | 49.25% |
| Change since IPO | 1,798.48% |
Recent News & Updates
Seeking Alpha • May 09
Mercury General: From Wildfire Panic To Underwriting Recovery
Summary Mercury General has rebounded strongly after wildfire-driven turmoil, demonstrating resilience and improved underwriting discipline. MCY posted $203.9 million in pre-tax underwriting income in 2025, matching 2024 despite higher catastrophe losses, signaling portfolio remediation success. Recent underwriting gains and portfolio adjustments underpin a bullish outlook, with stability achieved even amid unpredictable catastrophe events. The dividend remains unchanged, reflecting a cautious but disciplined capital allocation approach as MCY rebuilds its financial strength. Read the full article on Seeking Alpha
Narrative Update • Apr 26
MCY: Stable Profitability And P/E Multiple Will Support Future Repricing
Analysts kept their price target for Mercury General steady at $110.00. This reflects broadly unchanged assumptions on discount rate, revenue growth, profit margin and future P/E multiples.Narrative Update • Apr 11
MCY: Steady Profit Outlook And Discounted P/E Will Drive Future Repricing
Analysts have kept their $110.00 price target on Mercury General unchanged, reflecting steady views on fair value as they continue to see the current discount rate, revenue growth outlook, profit margin assumptions, and future P/E expectations as consistent with prior estimates. Valuation Changes Fair Value: The model fair value remains at $110.00, indicating no change in the assessed share valuation level.Recent updates
Seeking Alpha • May 09
Mercury General: From Wildfire Panic To Underwriting Recovery
Summary Mercury General has rebounded strongly after wildfire-driven turmoil, demonstrating resilience and improved underwriting discipline. MCY posted $203.9 million in pre-tax underwriting income in 2025, matching 2024 despite higher catastrophe losses, signaling portfolio remediation success. Recent underwriting gains and portfolio adjustments underpin a bullish outlook, with stability achieved even amid unpredictable catastrophe events. The dividend remains unchanged, reflecting a cautious but disciplined capital allocation approach as MCY rebuilds its financial strength. Read the full article on Seeking AlphaNarrative Update • Apr 26
MCY: Stable Profitability And P/E Multiple Will Support Future Repricing
Analysts kept their price target for Mercury General steady at $110.00. This reflects broadly unchanged assumptions on discount rate, revenue growth, profit margin and future P/E multiples.Narrative Update • Apr 11
MCY: Steady Profit Outlook And Discounted P/E Will Drive Future Repricing
Analysts have kept their $110.00 price target on Mercury General unchanged, reflecting steady views on fair value as they continue to see the current discount rate, revenue growth outlook, profit margin assumptions, and future P/E expectations as consistent with prior estimates. Valuation Changes Fair Value: The model fair value remains at $110.00, indicating no change in the assessed share valuation level.Narrative Update • Mar 28
MCY: Stable Assumptions And Undervalued P/E Will Support Future Repricing
Analysts have kept their price target for Mercury General steady at $110.00, reflecting unchanged assumptions around discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value: Model fair value stays at $110.00, indicating no change in the estimated intrinsic price per share.Narrative Update • Mar 13
MCY: Steady Assumptions And Undervalued P/E Will Support Bullish Repricing
Analysts have kept their $110.00 price target for Mercury General unchanged, reflecting largely consistent assumptions on the discount rate, revenue growth, profit margin, and future P/E, with only minimal refinements to the model. Valuation Changes Fair Value: The model fair value remains at $110.00, with no change from the prior estimate.Narrative Update • Feb 27
MCY: Higher Fair Value And P/E Assumptions Will Support Bullish Repricing
Analysts have lifted their price target for Mercury General to $110 from $100, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and an expected future P/E multiple. Valuation Changes Fair Value: updated to $110 from $100, indicating a modest uplift in the assessed share value.Analysis Article • Nov 08
Mercury General (NYSE:MCY) Will Pay A Dividend Of $0.3175
Mercury General Corporation's ( NYSE:MCY ) investors are due to receive a payment of $0.3175 per share on 24th of...Narrative Update • Sep 24
Core Business Strength May Support Future Earnings Despite Wildfire Losses And Rising Reinsurance Costs
Mercury General's fair value estimate was raised primarily due to a higher future P/E multiple despite steady revenue growth projections, driving the consensus analyst price target up from $90 to $100. What's in the News Mercury Insurance released its annual list of the most affordable EVs to insure, aiming to guide budget-conscious consumers and highlight insurance-saving vehicle models.Analysis Article • Aug 27
Mercury General (NYSE:MCY) Will Pay A Dividend Of $0.3175
The board of Mercury General Corporation ( NYSE:MCY ) has announced that it will pay a dividend on the 25th of...Analysis Article • Aug 02
Mercury General (NYSE:MCY) Is Due To Pay A Dividend Of $0.3175
The board of Mercury General Corporation ( NYSE:MCY ) has announced that it will pay a dividend on the 25th of...Analysis Article • Jul 23
Here's Why Mercury General (NYSE:MCY) Has Caught The Eye Of Investors
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Jun 11
Mercury General (NYSE:MCY) Is Paying Out A Dividend Of $0.3175
Mercury General Corporation's ( NYSE:MCY ) investors are due to receive a payment of $0.3175 per share on 26th of June...
New Narrative • Feb 16
Core Business Strength May Support Future Earnings Despite Wildfire Losses And Rising Reinsurance Costs
Strength in core business operations, excluding catastrophe losses, suggests improved future earnings stability and net margins through personal auto and homeowners lines.Seeking Alpha • Jan 16
California Wildfires, Mercury General's Opportunity Amid Crisis (Rating Upgrade)
Summary The Los Angeles wildfires, while tragic, may present an opportunity for Mercury General due to potential market exits by other insurers and possible price increases. Mercury General's exposure to auto insurance, along with its reinsurance coverage, suggests it can absorb the wildfire losses, estimated at $150 million pre-tax. Despite potential risks like increased reinsurance costs and regulatory changes, Mercury General is positioned for growth and higher premiums post-wildfires. I initiated a position in Mercury General, expecting a stock rebound to $56-$60, driven by positive FY 2024 results and subsiding wildfire fears. Read the full article on Seeking AlphaSeeking Alpha • Oct 31
Mercury General: Turning Lead Into Gold
Summary Mercury General faced operational challenges and high loss ratios in 2022, compounded by a dividend reduction that resulted in the loss of its "dividend aristocrat" status. In response to these challenges, Mercury launched remediation efforts in 2023 focused on improving underwriting margins, especially in California, where adverse conditions significantly impacted profitability. By mid-2024, Mercury's combined ratio improved, achieving positive underwriting income and a combined ratio of 98.9% by Q2, reflecting the success of rate adjustments and underwriting improvements. Third-quarter results were particularly strong, leading to a year-to-date underwriting income of $88.7 million, reinforcing investor optimism and supporting a substantial stock price increase since early 2024. Mercury is on track for continued improvement, with anticipated FY 2024 combined ratios between 96.5% and 97.8%, driven by effective remediation and investment income growth, although it still trades at a premium relative to steadier competitors. Read the full article on Seeking AlphaSeeking Alpha • Sep 20
Mercury General: Very Cheap, And Expert Of Maximizing After-Tax Yield
Summary Mercury General Corporation is well-positioned for growth with significant cash reserves, enabling investment in advertising and agent network expansion to boost net sales. Recent rate increases approved by the Department of Insurance and impressive EPS forecasts for 2025 make MCY an attractive buy. The company's strong investment track record, focus on maximizing after-tax yield, and experienced leadership further support its potential for stable returns. Despite some risks, including market concentration in California and inflationary pressures, MCY's proven business model and undervaluation present a compelling investment opportunity. Read the full article on Seeking AlphaShareholder Returns
| MCY | US Insurance | US Market | |
|---|---|---|---|
| 7D | 4.4% | -1.3% | 2.2% |
| 1Y | 64.7% | -9.9% | 31.1% |
Return vs Industry: MCY exceeded the US Insurance industry which returned -9.9% over the past year.
Return vs Market: MCY exceeded the US Market which returned 31.1% over the past year.
Price Volatility
| MCY volatility | |
|---|---|
| MCY Average Weekly Movement | 4.4% |
| Insurance Industry Average Movement | 4.3% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MCY has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MCY's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | 4,380 | Gabe Tirador | www.mercuryinsurance.com |
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 products. 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, and other coverages.
Mercury General Corporation Fundamentals Summary
| MCY fundamental statistics | |
|---|---|
| Market cap | US$5.52b |
| Earnings (TTM) | US$839.84m |
| Revenue (TTM) | US$6.14b |
6.6x
P/E Ratio0.9x
P/S RatioIs MCY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MCY income statement (TTM) | |
|---|---|
| Revenue | US$6.14b |
| Cost of Revenue | US$4.59b |
| Gross Profit | US$1.55b |
| Other Expenses | US$708.47m |
| Earnings | US$839.84m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 15.16 |
| Gross Margin | 25.23% |
| Net Profit Margin | 13.69% |
| Debt/Equity Ratio | 22.2% |
How did MCY perform over the long term?
See historical performance and comparisonDividends
1.3%
Current Dividend Yield8%
Payout RatioDoes MCY pay a reliable dividends?
See MCY dividend history and benchmarks| Mercury General dividend dates | |
|---|---|
| Ex Dividend Date | Jun 11 2026 |
| Dividend Pay Date | Jun 25 2026 |
| Days until Ex dividend | 30 days |
| Days until Dividend pay date | 44 days |
Does MCY pay a reliable dividends?
See MCY dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 08:08 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mercury General Corporation is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alison Jacobowitz | BofA Global Research |
| Christopher Campbell | Keefe, Bruyette, & Woods |
| Raymond Iardella | Macquarie Research |