Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Mercury General Corp before investing.

In this article, we go over a few key elements for understanding Mercury General Corp’s stock price such as:

• Mercury General Corp’s current stock price and volume
• Why Mercury General Corp’s stock price changed recently
• Upgrades and downgrades for MCY from analysts
• MCY’s stock price momentum as measured by its relative strength

About Mercury General Corp (MCY)

Before we jump into Mercury General Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Mercury General Corporation is an insurance holding company engaged in writing personal automobile insurance business. The Company writes homeowners, commercial automobile, commercial property, mechanical protection and umbrella insurance. The Company’s automobile coverages include collision, property damage, bodily injury, personal injury protection, underinsured, and uninsured motorist and other hazards. Its homeowners’ coverage includes dwelling, liability, personal property, fire and other hazards. The Company offers standard, non-standard and preferred private passenger automobile insurance. It also offers homeowners insurance in approximately 10 states, commercial automobile insurance in approximately four states, and mechanical protection insurance in various states. Its subsidiaries include Mercury Casualty Company, California Automobile Insurance Company, Orion Indemnity Company, American Mercury Insurance Company, Animas Funding LLC, and Mercury Insurance Company of Illinois.

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Mercury General Corp’s Stock Price as of Market Close

As of April 26, 2024, 4:00 PM, CST, Mercury General Corp’s stock price was $51.66.

Mercury General Corp is down 4.86% from its previous closing price of $54.30.

During the last market session, Mercury General Corp’s stock traded between $53.64 and $55.11. Currently, there are 55.37 million shares of Mercury General Corp stock available for purchase.

Mercury General Corp’s price-earnings (P/E) ratio is currently at 31.2, which is high compared to the Insurance - Property & Casualty industry median of 14.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Mercury General Corp Stock Price History

Mercury General Corp’s (MCY) price is currently up 0.12% so far this month.

During the month of April, Mercury General Corp’s stock price has reached a high of $57.12 and a low of $49.50.

Over the last year, Mercury General Corp has hit prices as high as $57.12 and as low as $26.15. Year to date, Mercury General Corp’s stock is up 51.05%.

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What Caused Mercury General Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 25, 2024, there were 0 analysts who downgraded Mercury General Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Mercury General Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Mercury General Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Mercury General Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Mercury General Corp (MCY) by visiting AAII Stock Evaluator.

Relative Price Strength of Mercury General Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 25, 2024, Mercury General Corp has a weighted four-quarter relative price strength of 13.74%, which translates to a Momentum Score of 90 and is considered to be Very Strong.

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Mercury General Corp Stock Price: Bottom Line

As of April 26, 2024, Mercury General Corp’s stock price is $51.66, which is down 4.86% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Mercury General Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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