Headlines about Mercury General (NYSE:MCY) have trended somewhat negative recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercury General earned a news sentiment score of -0.02 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 47.9258263889137 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s analysis:
- Mercury General Co. (MCY) Stake Increased by Schwab Charles Investment Management Inc. (americanbankingnews.com)
- Zacks: Analysts Set $52.00 Target Price for Mercury General Co. (MCY) (americanbankingnews.com)
- Mercury General Co. (MCY) Stake Raised by First Trust Advisors LP (americanbankingnews.com)
- Mercury General Co. (MCY) Given $52.00 Consensus Price Target by Analysts (americanbankingnews.com)
Shares of Mercury General (NYSE MCY) opened at $46.02 on Wednesday. The company has a market cap of $2,550.00, a PE ratio of 19.10, a P/E/G ratio of 0.53 and a beta of 0.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.43 and a current ratio of 0.43. Mercury General has a twelve month low of $41.40 and a twelve month high of $63.23.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Wednesday, March 14th. Mercury General’s payout ratio is 103.73%.
Separately, Zacks Investment Research downgraded shares of Mercury General from a “hold” rating to a “sell” rating in a report on Thursday, February 15th.
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Mercury General Company Profile
Mercury General Corporation is an insurance holding company. As of December 31, 2016, the Company and its subsidiaries were engaged in writing personal automobile insurance through 14 insurance subsidiaries in 11 states, principally California. Its segments include Property and Casualty Lines, and Other Lines.
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