DOWLING & PARTN Comments on Mercury General FY2026 Earnings

Mercury General Corporation (NYSE:MCY) – Analysts at DOWLING & PARTN upped their FY2026 earnings estimates for shares of Mercury General in a research report issued to clients and investors on Wednesday, October 7th. DOWLING & PARTN analyst D. Lukpanov now expects that the insurance provider will post earnings per share of $13.00 for the year, up from their prior estimate of $12.00. The consensus estimate for Mercury General’s current full-year earnings is $13.25 per share. DOWLING & PARTN also issued estimates for Mercury General’s FY2027 earnings at $11.25 EPS and FY2028 earnings at $10.75 EPS.

A number of other research analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Mercury General from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 4th. Zacks Research raised shares of Mercury General from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Mercury General in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Mercury General Stock Performance

Shares of NYSE MCY opened at $102.98 on Monday. The firm has a fifty day moving average price of $103.01 and a 200-day moving average price of $101.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $5.70 billion, a PE ratio of 6.09 and a beta of 0.89. Mercury General has a 1 year low of $74.29 and a 1 year high of $113.06.

Mercury General (NYSE:MCY) last issued its quarterly earnings results on Tuesday, August 4th. The insurance provider reported $3.52 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.99. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.52 billion. Mercury General had a net margin of 14.77% and a return on equity of 31.98%.

Institutional Investors Weigh In On Mercury General

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new stake in shares of Mercury General in the second quarter worth about $35,000. PenderFund Capital Management Ltd. bought a new position in Mercury General during the second quarter valued at approximately $44,000. Hilton Head Capital Partners LLC grew its holdings in Mercury General by 32.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 541 shares of the insurance provider’s stock valued at $48,000 after buying an additional 133 shares in the last quarter. Caitlin John LLC purchased a new position in Mercury General during the 2nd quarter valued at approximately $53,000. Finally, State of Wyoming purchased a new position in Mercury General during the 2nd quarter valued at approximately $78,000. 42.39% of the stock is owned by hedge funds and other institutional investors.

Mercury General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a $0.3175 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.27 dividend on an annualized basis and a yield of 1.2%. Mercury General’s payout ratio is currently 7.51%.

About Mercury General

Mercury General Corporation is an insurance holding company that underwrites and provides personal and commercial property and casualty insurance. Through its Mercury Insurance operations, the company primarily serves individuals, families and businesses seeking coverage for automobiles, homes and other property.

Its product offerings include private passenger automobile insurance, homeowners insurance, commercial automobile insurance, dwelling fire coverage and umbrella insurance. Mercury also provides related insurance products and services, including roadside assistance and mechanical protection in certain markets.

Founded in 1961, Mercury General is headquartered in Los Angeles, California.