Mercury Insurance
About: Mercury General Corp is an insurance holding company. It is engaged in writing personal automobile insurance and provides related property and casualty insurance products. The Company offers the following types of automobile coverage: collision, property damage, bodily injury ("BI"), comprehensive, personal injury protection ("PIP"), underinsured and uninsured motorist, and other hazards. The Company offers the following types of homeowners coverage: dwelling, liability, personal property, and other coverages.
Employees: 4,100
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
2,108% more call options, than puts
Call options by funds: $2.5M | Put options by funds: $113K
95% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 22
17% more capital invested
Capital invested by funds: $1.29B [Q2] → $1.5B (+$219M) [Q3]
8% more funds holding
Funds holding: 240 [Q2] → 259 (+19) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0.68% less ownership
Funds ownership: 43.71% [Q2] → 43.02% (-0.68%) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 87
Research analyst outlook
We haven’t received any recent analyst ratings for MCY.
Financial journalist opinion
Based on 16 articles about MCY published over the past 30 days
Positive
Seeking Alpha
11 hours ago
Safety Insurance Vs. Mercury General: A Tale Of Two Insurers
Safety Insurance shows improvement but still struggles with underwriting losses; maintaining a "HOLD" rating due to ongoing challenges and valuation concerns. Mercury General has turned a corner with better underwriting results, but California wildfires pose significant risks to its recovery. Safety Insurance's dividend remains secure, supported by investment income, but the focus should be on improving underwriting margins.
Positive
Benzinga
20 hours ago
Top 4 Financial Stocks You'll Regret Missing This Month
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
Neutral
PRNewsWire
1 day ago
Mercury General Corporation Provides Additional Information Regarding Recent Wildfires in Southern California and Its Reinsurance Program
LOS ANGELES , Jan. 20, 2025 /PRNewswire/ -- Mercury General Corporation (the "Company" or "Mercury") is providing more information about the recent Southern California Wildfires, known as the Palisades and Eaton fires (collectively, the "Wildfires"), and the Company's reinsurance program. Most of the affected areas are closed due to ongoing hazardous conditions.
Positive
Seeking Alpha
4 days ago
Mercury General: Should You Buy The Dip?
Mercury General Corporation faces significant exposure to LA wildfires due to its high concentration of homeowners insurance in California. Despite the potential $251 million hit, Mercury's reinsurance coverage and strategic risk management ensure solvency and future profitability. The recent 16% MCY stock price dip appears to be an overreaction, presenting a tactical buying opportunity.
Neutral
PRNewsWire
4 days ago
Mercury Insurance Gives Update on Primary Mission: Helping Policyholders Affected by the Southern California Wildfires
Company Stands With Californians as They Begin Their Rebuilding Efforts LOS ANGELES , Jan. 17, 2025 /PRNewswire/ -- Mercury Insurance is providing comprehensive support to its customers impacted by the ongoing Los Angeles area wildfires. The company is prioritizing the timely handling of claims, providing immediate financial support, and helping insureds through the claims process.
Negative
Seeking Alpha
5 days ago
Insurance Fallout Of The California Fires
Climate change and extreme weather events, particularly wildfires, are increasingly impacting the profitability of Property & Casualty insurance companies. Insurance companies are adapting by raising prices, being more selective in underwriting, or exiting high-risk markets like California due to severe losses and regulatory constraints. The recent LA wildfires are expected to be the costliest in U.S. history, significantly impacting insurers, especially Mercury General, due to its high concentration in California.
Positive
Seeking Alpha
5 days ago
California Wildfires, Mercury General's Opportunity Amid Crisis (Rating Upgrade)
The Los Angeles wildfires, while tragic, may present an opportunity for Mercury General due to potential market exits by other insurers and possible price increases. Mercury General's exposure to auto insurance, along with its reinsurance coverage, suggests it can absorb the wildfire losses, estimated at $150 million pre-tax. Despite potential risks like increased reinsurance costs and regulatory changes, Mercury General is positioned for growth and higher premiums post-wildfires.
Neutral
PRNewsWire
1 week ago
Mercury General Corporation Provides Preliminary Information Regarding Recent Wildfires in Southern California
LOS ANGELES , Jan. 10, 2025 /PRNewswire/ -- Mercury General Corporation (the "Company," "Mercury" or "We") announced today its preliminary assessment of the impact of the recent wildfires in Southern California. An extreme wind-driven wildfire event that began on January 7, 2025 has caused widespread damage across parts of Southern California.
Negative
Barrons
1 week ago
Mercury General Stock Craters. Why the Insurer Is Bearing the Brunt of the L.A.
Almost 80% of the insurer's premiums of $4.6 billion last year came from California, leaving it highly exposed to the blaze.
Negative
Investors Business Daily
1 week ago
California Palisades Fire Update: Stock Market Impact
The Palisades fire is the worst in Los Angeles city history. Some utility and insurance stocks are starting to react.
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