MCY4462618 Bond Profile: Coupon and Redemption
This article provides a detailed profile of the Mercury General Corporation's 4.4% bond due March 15, 2027 (MCY4462618), outlining its key facts such as issuer, maturity date, and face value. It also details the bond's coupon payments, including upcoming and past payout schedules, and information on bond redemption. The company, Mercury General Corp., is described as a broker and agency writer of automobile insurance based in Los Angeles, CA.
Following the chairman’s death, a sole trustee reports her stake in Mercury General (MCY).
Vicky Wai Yee Joseph, a director at Mercury General Corporation (MCY), has reported beneficial ownership of 35.3% of the company's common shares, totaling 19,573,858 shares. This stake includes 19,567,934 shares held in a trust, for which she became the sole trustee following the death of her spouse, George Joseph, the former chairman of the issuer, on August 26, 2026. Joseph stated her intention to continuously review her investment and potentially discuss or seek consideration of corporate matters such as mergers, asset sales, or changes to capitalization or dividend policy.
A leak or kitchen fire can affect neighboring apartments. Eight habits may help renters limit losses.
Mercury Insurance (MCY) advises renters on eight everyday habits to minimize risks like fire, water damage, theft, and liability in apartments. These precautions are crucial because problems in one unit can easily spread to others. The company emphasizes that while renters can't control everything, proactive measures like safe cooking, proper battery charging, and prompt leak reporting can significantly reduce insurance claims and protect belongings, neighbors, and the building.
Bank of America Corp DE Makes New $7.42 Million Investment in Mercury General Corporation $MCY
Bank of America Corp DE has invested $7.42 million in Mercury General Corporation, acquiring 69,634 shares, representing a 0.13% stake. This investment follows strong quarterly results from Mercury General, which reported earnings of $3.52 per share and revenue of $1.68 billion, surpassing analyst expectations. The company also announced a quarterly dividend of $0.3175, and institutional investors and hedge funds collectively own 42.39% of the company's stock.
Your home's sale price isn't the cost to rebuild it
Mercury Insurance (MCY) explains that a home's market value and its replacement cost are distinct figures. Market value reflects the property's selling price including land, influenced by factors like location and demand, while replacement cost estimates the expense to rebuild the structure with similar materials at current prices, excluding land value. Homeowners should understand these differences and regularly review their dwelling coverage with their agents to ensure adequate protection against rebuilding costs, especially considering potential increases due to construction costs and changing building codes.
Home improvement spending is projected to reach about $518B in 2026. Insurance can change too.
Mercury Insurance (MCY) advises homeowners to integrate insurance reviews into every stage of major renovation projects. Renovations can impact a home's physical characteristics, replacement cost, and liability, necessitating policy adjustments before, during, and after construction. The Harvard Joint Center for Housing Studies projects annual spending on home improvements will hit approximately $518 billion by the end of 2026, making these insurance considerations crucial for homeowners.
How Fair Value spotted Mercury General’s 76% rally in advance
InvestingPro's Fair Value models identified Mercury General (NYSE:MCY) as significantly undervalued in May 2024 at $57.17 per share. The insurance stock subsequently delivered a 76.54% return, surpassing the initial 34% upside estimate. This case study demonstrates the effectiveness of comprehensive Fair Value analysis in identifying investment opportunities and is supported by improved company fundamentals and positive analyst actions.
VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.73 Million in Mercury General Corporation $MCY
Virginia Retirement Systems acquired a new stake of 16,250 shares in Mercury General Corporation, valued at approximately $1.73 million. This investment comes as institutional investors collectively own 42.39% of Mercury General. The company has received "Strong Buy" and "Buy" ratings from analysts, with an average target price of $100.00, and recently exceeded earnings expectations, reporting $3.52 EPS against a $2.53 consensus and $1.68 billion in revenue.
Mercury Insurance Named One of America's Greatest Companies for 2026 by Newsweek
Mercury Insurance has been recognized by Newsweek as one of "America's Greatest Companies for 2026." This honor highlights the company's strong performance across several key areas, including financial growth, customer service, and employee satisfaction. The accolade underscores Mercury's commitment to excellence and its standing as a top employer and service provider in the insurance industry.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Mercury General Corporation $MCY
UBS Asset Management significantly reduced its stake in Mercury General Corporation ($MCY) by 39.1% in the second quarter, selling 32,624 shares but still retaining 50,862 shares valued at approximately $5.4 million. Despite this reduction, institutional ownership remains at 42.39%, and analysts maintain a consensus "Strong Buy" rating with an average price target of $100. Mercury General recently reported strong earnings, exceeding expectations with $3.52 EPS and $1.68 billion in revenue, and declared a quarterly dividend of $0.3175 per share.
The Bull Case For Mercury General (MCY) Could Change Following Founder’s Passing And CEO’s New Chairman Role
Mercury General (MCY) announced the passing of its founder, George Joseph, and the appointment of CEO Gabriel Tirador as the new Chairman. This consolidation of power under Tirador, along with the continued influence of Joseph's family, is explored for its potential impact on the company's investment narrative, particularly concerning its ongoing management of wildfire exposure and reinsurance risks. The article also highlights Mercury's efforts to align pricing with catastrophe risk and provides financial forecasts, suggesting a potential 15% upside to its current price.
3 Reasons Growth Investors Will Love Mercury General (MCY)
Mercury General (MCY) is highlighted as a strong growth stock due to its favorable Zacks Growth Style Score and top Zacks Rank. The article emphasizes three key factors: impressive earnings growth with a projected 45.6% EPS increase, an efficient asset utilization ratio of 0.65 compared to an industry average of 0.34, and promising upward revisions in earnings estimates. These elements collectively position MCY for potential outperformance for growth investors.
Jupiter Topco LLC Takes $1.30 Million Position in Mercury General Corporation $MCY
Jupiter Topco LLC recently acquired a new stake of 12,161 shares, valued at $1.30 million, in Mercury General Corporation during the second quarter. This move highlights continued institutional interest, with hedge funds and institutional investors collectively owning 42.39% of the company. Mercury General has reported strong financial results, beating earnings and revenue expectations, and also announced a quarterly dividend, while analysts maintain a "Strong Buy" rating for the stock.
The Manufacturers Life Insurance Company Invests $1.63 Million in Mercury General Corporation $MCY
The Manufacturers Life Insurance Company recently acquired 15,322 shares of Mercury General Corporation, valued at approximately $1.63 million, during the second quarter. This move is part of broader institutional investment, as hedge funds and other institutional investors now own 42.39% of the insurer. Mercury General has also received strong analyst ratings, exceeding earnings expectations and announcing a quarterly dividend.
George Joseph, pioneering Mercury General founder, dies at 104
George Joseph, the founder of Mercury General Corp., one of California's largest property and casualty insurers, has died at 104. Joseph, a billionaire insurance executive, was also known for his strong opposition to Proposition 103, a landmark 1988 insurance initiative that regulated the industry. He remained active in the company as chairperson until his death, leaving a significant legacy in the insurance world for his free-market advocacy and tenacity.
Mercury General (NYSE:MCY) - Stock Analysis
This Simply Wall St stock analysis of Mercury General (NYSE:MCY) highlights its current valuation, past performance, and recent news. The company is trading below its estimated fair value, has shown strong past earnings growth, and recently announced a dividend and board changes. Key upcoming events include dividend payments and continued focus on enhancing insurance products and underwriting results.
Legal & General Group Plc Takes Position in Mercury General Corporation $MCY
Legal & General Group Plc recently acquired 68,918 shares of Mercury General Corporation (NYSE: MCY), valued at approximately $7.35 million, contributing to institutional investors owning 42.39% of the insurer. Analysts maintain a "Strong Buy" rating for Mercury General with a $100 price target, following positive upgrades and affirmations. The company also reported strong quarterly EPS of $3.52, exceeding estimates, and declared a quarterly dividend of $0.3175 per share, representing a 1.2% annual yield.
Bank of New York Mellon Corp Acquires Shares of 246,620 Mercury General Corporation $MCY
Bank of New York Mellon Corp has acquired a significant stake of 246,620 shares in Mercury General Corporation, valued at approximately $26.3 million, giving it a 0.45% ownership. This move highlights institutional confidence, with analysts like Zacks Research and Wall Street Zen upgrading MCY to a "strong buy." Mercury General also reported strong quarterly earnings, surpassing estimates, and declared a quarterly dividend of $0.3175 per share.
Philadelphia Financial Management of San Francisco LLC Takes Position in Mercury General Corporation $MCY
Philadelphia Financial Management of San Francisco LLC has acquired a new stake of 63,200 shares in Mercury General Corporation, valued at approximately $6.74 million. This move is part of a broader trend where institutional investors now own 42.39% of the company. Analysts maintain a "Strong Buy" rating with a $100 price target for Mercury General, which recently reported strong quarterly earnings of $3.52 EPS, beating the consensus, and declared a quarterly dividend of $0.3175 per share.
Founder of Los Angeles-Based Mercury General Dies at 104
George Joseph, founder of Los Angeles-based Mercury General Corporation, has died at the age of 104. He led the insurance company for over four decades, growing it from a California-only insurer into a major independent agency writer of private passenger automobile insurance, emphasizing data and mathematics in setting rates. Following his death, CEO Gabriel Tirador was appointed chairman, and Joseph's son, Victor Joseph, serves as president and COO.
15,700 Shares in Mercury General Corporation $MCY Acquired by OMERS ADMINISTRATION Corp
OMERS Administration Corp recently acquired 15,700 shares of Mercury General Corporation (NYSE:MCY) valued at approximately $1.67 million during the second quarter. This acquisition is part of broader institutional investor activity, with hedge funds and institutional investors collectively owning 42.39% of the company. Mercury General reported strong Q2 earnings, beating analyst estimates for both EPS and revenue, and announced a quarterly dividend of $0.3175 per share.
Mercury Insurance founder George Joseph dies at 104
George Joseph, founder of Mercury Insurance, has died at 104. Joseph established Mercury in 1961, building it into one of California's largest insurance companies based on the principle that actuarial discipline could provide fairer pricing for drivers. He remained executive chairman until his death, and the company continues to be led by his chosen successor, Gabriel Tirador, with his son Victor Joseph as president and COO.
Mercury Insurance Founder Joseph Dies at Age 104
George Joseph, the founder of Mercury General Corp., has passed away at the age of 104. He established the company nearly 65 years ago, serving as chairman since its inception and CEO for 45 years. Joseph was recognized for his contributions to the insurance industry and his efforts to reform California's Proposition 103, investing significantly in initiatives to change the law.
BlackRock Inc. Takes Position in Mercury General Corporation $MCY
BlackRock Inc. has acquired a significant position in Mercury General Corporation (NYSE:MCY), purchasing over 4.4 million shares valued at approximately $479.6 million, representing an 8.12% stake. This move comes as Mercury General reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, and declared a quarterly dividend. Despite analysts maintaining a "Strong Buy" rating, the average price target of $100 is currently below the stock's opening price.
Mercury General outlook upgraded by Fitch on capital gains
Fitch Ratings has upgraded Mercury General Corporation's outlook to Positive from Stable, while affirming its Insurer Financial Strength rating at A- and Long-Term Issuer Default Rating at BBB. This upgrade reflects improved capitalization due to stronger earnings and a reduction in operating leverage. The company also renewed its catastrophe reinsurance program and secured rate increases for its California homeowners' business, with another rate increase pending for its private passenger automobile business.
The Damage You Don't See: Mercury Insurance Shares What Homeowners Should Know About Service Line Failures
Mercury Insurance is reminding homeowners about the potential for costly failures in underground service lines, which connect homes to essential utilities like water, sewer, and electricity. Many homeowners are unaware they might be responsible for repairs to these lines on their property, and standard homeowners insurance often doesn't cover such damage. The company advises homeowners to understand their responsibilities, recognize warning signs of line failure, and review their insurance coverage, including optional service line protection.
Denali Advisors LLC Buys 43,321 Shares of Mercury General Corporation $MCY
Denali Advisors LLC significantly increased its stake in Mercury General Corporation (NYSE:MCY) by 113.4% in the second quarter, acquiring an additional 43,321 shares, bringing its total to 81,535 shares valued at $8.7 million. This move is part of a broader trend of increased institutional interest, with major investors like BlackRock Inc. also establishing new positions. Mercury General recently exceeded earnings and revenue estimates and announced a quarterly dividend of $0.3175 per share.
Mercury Insurance Named to Forbes' 2026 List of America's Best Employers for Women
Mercury Insurance has been recognized by Forbes as one of America's Best Employers for Women 2026, highlighting the company's dedication to career growth, leadership development, and long-term opportunities for women. This recognition is based on independent feedback from team members, considering factors like workplace culture, professional development, work-life balance, and representation of women in leadership. The company emphasizes that diversity strengthens its business and aims to create an environment where all team members can thrive and advance their careers.
Mercury Insurance Recognized as One of America's Best Employers for Women 2026
Mercury Insurance has been recognized by Forbes as one of America's Best Employers for Women 2026, based on independent team member feedback regarding workplace culture, professional development, and work-life balance. CEO Gabriel Tirador highlighted the significant contributions of women to the company's success and committed to further investment in leadership opportunities. This recognition, along with being named one of the Best Midsize Employers for 2026, reinforces Mercury's commitment to employee satisfaction, diversity, and long-term career development.
Assenagon Asset Management S.A. Sells 63,776 Shares of Mercury General Corporation $MCY
Assenagon Asset Management S.A. significantly reduced its stake in Mercury General Corporation (NYSE:MCY) by 79.6% in the second quarter, selling 63,776 shares and retaining 16,301 shares valued at $1.738 million. Despite this, other institutional investors like Principal Financial Group Inc. and First Trust Advisors LP increased their positions, while Dimensional Fund Advisors LP remains a major holder. Mercury General recently reported strong quarterly earnings, beating analyst estimates, and declared a quarterly dividend.
Mercury Insurance cites 43.5M estimated illegal school-bus passings
Mercury Insurance (NYSE: MCY) is urging drivers to adjust their commuting habits as students return to school, citing federal data that 1,069 people were killed in school-transportation-related crashes from 2015-2024. The company emphasizes the dangers of illegal school-bus passings, estimated at 43.5 million during the 2022-23 school year, and offers safety tips including leaving earlier, slowing down, and minimizing distractions. The advisory highlights that 70% of fatalities were occupants of other vehicles, and among school-age children, 77 were pedestrians and seven were bicyclists.
Mercury says Oklahoma homeowners may save an estimated $420 with hail-resistant roofs
Mercury Insurance has launched an enhanced homeowners insurance product in Oklahoma, offering estimated average savings of $420 for eligible hail-resistant roofing and $290 for homes meeting FORTIFIED standards. The new product also introduces three wildfire mitigation discounts, including up to 30% off the wildfire peril portion of the premium, and provides optional Hail Resistant Roof Upgrade Coverage. These initiatives aim to help homeowners lower costs, strengthen properties against severe weather, and choose more flexible coverage options.
FY2026 EPS Estimate for Mercury General Increased by Analyst
DOWLING & PARTN has increased its FY2026 EPS estimate for Mercury General (NYSE:MCY) to $12.00 per share, surpassing the consensus of $11.50. This comes after the insurance provider reported strong quarterly results, beating EPS and revenue expectations. Analysts currently hold a "Buy" rating for the stock with a target price of $100.00, and the company recently declared a quarterly dividend of $0.3175 per share.
Mercury Insurance Reveals the 10 Most Affordable New Electric and Hybrid Vehicles to Insure for 2026
Mercury Insurance has released its annual ranking of the 10 most affordable new 2026 model year electric and hybrid vehicles to insure, with the Hyundai Santa Fe Hybrid topping the list. The rankings emphasize the growing popularity of hybrid vehicles as a practical step towards electrification and highlight the importance of considering insurance costs alongside other factors when purchasing an electrified vehicle. The list includes several hybrid and EV models from manufacturers like Chevrolet, Kia, Ford, Honda, Toyota, and Chrysler.
Hybrids Dominate Mercury's 2026 List of Affordable Vehicles to Insure
Mercury Insurance has released its 2026 ranking of the 10 most affordable new electric and hybrid vehicles to insure, with the Hyundai Santa Fe Hybrid, Chevrolet Blazer EV, and Kia Sportage Hybrid leading the list. The ranking, based on an internal analysis of insurance costs for 2025–2027 model-year EVs and hybrids, emphasizes that insurance costs are influenced by factors like repair expenses, replacement parts, safety technology, and historical claims. Mercury advises consumers to consider insurance premiums alongside other factors such as charging capability, driving range, and fuel savings when selecting an electrified vehicle, noting the growing popularity of hybrids as a practical step toward electrification.
MERCURY GENERAL CORP Q2 2026: Revenue $1.682B, EPS $4.76— 10-Q Summary
MERCURY GENERAL CORP (MCY) reported strong second-quarter 2026 results, with revenue reaching $1.682 billion and net income at $263.5 million, marking a significant increase from the prior year. This growth was fueled by higher premiums and improved underwriting, leading to a diluted EPS of $4.76. Key factors included increased policy counts in California, an improved combined ratio, and recent regulatory approvals for rate adjustments.
Mercury General earnings beat by $1.12, revenue topped estimates
Mercury General (NYSE: MCY) reported strong second-quarter results, beating analyst EPS estimates by $1.12 with an EPS of $3.52, and surpassing revenue expectations by bringing in $1.56 billion against a consensus of $1.5 billion. The company's stock has shown significant growth, up 6.95% in the last three months and 49.32% over the past year, reflecting its "great performance" financial health according to InvestingPro. The positive earnings report follows one positive EPS revision in the last 90 days.
Mercury General (MCY) Beats Q2 Earnings and Revenue Estimates
Mercury General (MCY) reported strong Q2 earnings of $3.52 per share, significantly surpassing the Zacks Consensus Estimate of $1.80 and its revenue also exceeded expectations at $1.67 billion. The company has consistently beaten EPS estimates over the last four quarters, leading to a favorable Zacks Rank #2 (Buy) for the stock. While MCY shares have gained 14% year-to-date, investors are now looking to management's commentary and future earnings outlook for sustained performance.
Mercury General posts Q2 2026 net income $263.5M, operating income $195.2M; declares $0.3175 dividend
Mercury General (MCY) announced strong Q2 2026 financial results, with net income reaching $263.5 million and operating income at $195.2 million, partly due to significant net realized investment gains. The company reported a 9.6% year-over-year increase in net premiums earned, totaling $1.4978 billion, and declared a quarterly dividend of $0.3175 per share. Book value per share also saw an increase to $51.20 as of June 30, 2026.
Mercury General Reports $75M in Q2 Catastrophe Losses
Mercury General Corporation announced its second-quarter 2026 financial results, reporting a 58% increase in net income to $263.5 million, or $4.76 diluted EPS, compared to the previous year. Net premiums earned grew by 9.6% to $1.50 billion, and the combined ratio improved to 89.9%, despite incurring $75 million in catastrophe losses, primarily from adverse reserve development on past wildfires and storms. The company also declared a quarterly dividend of $0.3175 per share and saw its book value per share increase to $51.20.
Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend
Mercury General Corporation reported strong second-quarter 2026 results, with net income rising 58.3% to $263.5 million and diluted earnings per share reaching $4.76. The company also announced a quarterly dividend of $0.3175 per share, payable on September 24, 2026. These positive financial outcomes reflect increased net premiums earned and improved operating income despite higher catastrophe losses.
Volkswagen Golf R Tops Mercury's 10 Most Affordable Cars to Insure
Mercury Insurance (NYSE: MCY) has released its first-ever ranking of the 10 most affordable new 2026 model year sedans and coupes to insure, with the Volkswagen Golf R taking the top spot, followed by the Acura Integra and Honda Prelude. The rankings are based on Mercury's internal insurance cost analysis, considering factors like vehicle design, safety equipment, repair costs, and historical claims. While individual premiums will vary based on driver profile and other underwriting factors, the report aims to help consumers make more informed purchasing decisions by considering insurance costs alongside fuel economy and purchase price.
Mercury General (MCY) Reports Earnings Tomorrow: What To Expect
Mercury General (MCY), an auto insurance provider, is set to announce its earnings results after market close on Tuesday. The company previously exceeded revenue expectations, reporting $1.54 billion, a 10.5% year-on-year increase. Investors are anticipating a 3.3% year-on-year revenue growth this quarter, a slowdown from the 12.6% increase in the same quarter last year, while analysts have largely reconfirmed their estimates.
Mercury General (MCY) Reports Earnings Tomorrow: What To Expect
Mercury General (MCY), an auto insurance provider, is set to announce its earnings results this Tuesday after market close. The company had a strong previous quarter, beating revenue, EPS, and net premiums earned estimates, with revenues of $1.54 billion, up 10.5% year on year. For the upcoming quarter, analysts expect revenue growth of 3.3% year on year, and Mercury General's stock is currently trading below the average analyst price target.
MCY|Mercury General Corp|Price:107.120|Chg%:+0.385
Mercury General Corp (MCY) is trading at $107.12, up 0.36%, with a market cap of $5.93 billion and a P/E TTM of 7.06. Analysts rate the stock as a "Buy" with a target price of $120.00, suggesting a 12.02% upside. The company exhibits strong fundamentals including high revenue and profit growth, and a high dividend payout.
Mercury General Corp (MCY) Financial Health: Profitability & Balance Sheet Analysis
Mercury General Corp (MCY) has a current financial score of 4.64, ranking 101 out of 114 in the Insurance industry, indicating stable financial health but low operating efficiency. The company recently reported a quarterly revenue of $1.54 billion, marking a 10.47% year-over-year increase, and a significant 275.78% year-over-year increase in net profit. However, details on specific financial metrics like cash and cash equivalents, total assets, liabilities, and free cash flow have yet to be disclosed by the company.
Mercury Insurance Names the 10 Most Affordable New Trucks to Insure for 2026
Mercury Insurance has released its list of the 10 most affordable new trucks to insure for 2026. This information is valuable for consumers looking to minimize their overall vehicle ownership costs, as insurance premiums can be a significant factor. The list helps potential truck buyers make informed decisions by highlighting models that tend to have lower insurance rates.
Chevrolet's Colorado, Silverado Top Mercury's 2026 Truck Ranking
Mercury Insurance (NYSE: MCY) has released its 2026 ranking of the 10 most affordable new trucks to insure, with Chevrolet's Colorado LT and Silverado C3500 taking the top two spots. The list includes models from various manufacturers, emphasizing that insurance costs are influenced by factors such as repair complexity, parts availability, theft rates, and safety systems, beyond just the purchase price. Mercury advises consumers to compare insurance premiums before buying to avoid unexpected ownership expenses.
Mercury Insurance Names the 10 Most Affordable New Trucks to Insure for 2026
Mercury Insurance has released its annual ranking of the 10 most affordable new 2026 model year trucks to insure, with Chevrolet securing the top two spots. The report emphasizes that insurance costs are a crucial factor in the total cost of truck ownership, alongside traditional considerations like towing capacity and performance. The rankings are based on Mercury's internal analysis of factors including repair complexity, replacement part availability, theft frequency, and safety systems.
MCY|Mercury General Corp|Price:109.516|Chg%:+1.096
This article provides a comprehensive stock analysis of Mercury General Corp (MCY). It highlights the company's healthy fundamentals, significant growth potential, and fair valuation within the insurance industry. The analysis also covers analyst ratings, institutional ownership, and short-term stock performance expectations.
