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How to buy Mercury General Corporation (MCY) stocks in Canada
Learn how to easily invest in Mercury General Corporation stocks.
Mercury General Corporation is an insurance-property & casualty business based in the US. Mercury General Corporation stocks (MCY.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $62.1 – a decrease of 1.95% over the previous week. Mercury General Corporation employs 4,300 staff and has a trailing 12-month revenue of around $4 billion.
How to buy shares in Mercury General Corporation
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – MCY – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Is it a good time to buy Mercury General Corporation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in Mercury General Corporation?
- Has coronavirus impacted Mercury General Corporation shares?
- Mercury General Corporation shares summary
- Compare share dealing platforms
- Is Mercury General Corporation stock a buy or sell?
- Mercury General Corporation performance over time
- Are Mercury General Corporation shares over-valued?
- Mercury General Corporation's financials
- How volatile are Mercury General Corporation shares?
- Does Mercury General Corporation pay a dividend?
- Have Mercury General Corporation shares ever split?
- Other common questions
How has Coronavirus impacted Mercury General Corporation's stock price?
Since the stock market crash in March caused by coronavirus, Mercury General Corporation's stock price has had significant positive movement.
Its last market close was $55.17, which is 8.56% up on its pre-crash value of $50.45 and 64.93% up on the lowest point reached during the March crash when the stocks fell as low as $33.45.
If you had bought $1,000 worth of Mercury General Corporation stocks at the start of February 2020, those stocks would have been worth $694.43 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,116.64.
Mercury General Corporation stock price (NYSE:MCY)Use our graph to track the performance of MCY stocks over time.
Mercury General Corporation shares at a glance
|Latest market close||$55.17|
|52-week range||$49.34 - $65.64|
|50-day moving average||$52.93|
|200-day moving average||$58.84|
|Wall St. target price||$65.00|
|Dividend yield||$2.53 (4.51%)|
|Earnings per share (TTM)||$6.94|
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Note: The dollar amounts in the table below are in Canadian dollars.
Mercury General Corporation price performance over time
|1 week (2022-01-07)||-1.95%|
|1 month (2021-12-16)||4.21%|
|3 months (2021-10-15)||-0.24%|
|6 months (2021-07-16)||-10.54%|
|1 year (2021-01-15)||4.63%|
|2 years (2020-01-16)||13.75%|
|3 years (2019-01-16)||3.92%|
|5 years (2017-01-13)||59.83|
Is Mercury General Corporation under- or over-valued?
Valuing Mercury General Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Mercury General Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Mercury General Corporation's P/E ratio
Mercury General Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Mercury General Corporation shares trade at around 8x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Mercury General Corporation's PEG ratio
Mercury General Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.19. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Mercury General Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Mercury General Corporation's EBITDA
Mercury General Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $563.4 million.
The EBITDA is a measure of a Mercury General Corporation's overall financial performance and is widely used to measure a its profitability.
Mercury General Corporation financials
|Revenue TTM||$4 billion|
|Operating margin TTM||12.17%|
|Gross profit TTM||$799.4 million|
|Return on assets TTM||4.74%|
|Return on equity TTM||18.99%|
|Market capitalisation||$3.1 billion|
TTM: trailing 12 months
Mercury General Corporation share dividends
Dividend payout ratio: 56.4% of net profits
Recently Mercury General Corporation has paid out, on average, around 56.4% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.51% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Mercury General Corporation shareholders could enjoy a 4.51% return on their shares, in the form of dividend payments. In Mercury General Corporation's case, that would currently equate to about $2.53 per share.
Mercury General Corporation's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Mercury General Corporation's most recent dividend payout was on 29 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 December 2021 (the "ex-dividend date").
Have Mercury General Corporation's shares ever split?
Mercury General Corporation's shares were split on a 2:1 basis on 9 October 1997. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Mercury General Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Mercury General Corporation shares which in turn could have impacted Mercury General Corporation's share price.
Mercury General Corporation share price volatility
Over the last 12 months, Mercury General Corporation's shares have ranged in value from as little as $49.3419 up to $65.6433. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Mercury General Corporation's is 0.4242. This would suggest that Mercury General Corporation's shares are less volatile than average (for this exchange).
Mercury General Corporation overview
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. 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, fire, and other hazards. It sells its policies through a network of independent agents, insurance agencies, and direct channels in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas, and Virginia. The company was founded in 1961 and is headquartered in Los Angeles, California. .
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