Mercury General downgraded by Raymond James with a new price target
$MCY
Property-Casualty Insurers
Finance
Raymond James downgraded Mercury General from Strong Buy to Outperform and set a new price target of $33.00 from $40.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/12/2025 | $70.00 → $80.00 | Outperform → Strong Buy | Raymond James |
| 7/7/2023 | $40.00 → $33.00 | Strong Buy → Outperform | Raymond James |
| 11/4/2022 | $45.00 | Underperform → Strong Buy | Raymond James |
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Raymond James upgraded Mercury General from Outperform to Strong Buy and set a new price target of $80.00 from $70.00 previously
Raymond James downgraded Mercury General from Strong Buy to Outperform and set a new price target of $33.00 from $40.00 previously
Raymond James upgraded Mercury General from Underperform to Strong Buy and set a new price target of $45.00
Mercury Insurance says rising vehicle prices are changing the economics of car ownership.LOS ANGELES, July 21, 2026 /PRNewswire/ -- Mercury Insurance (NYSE/NYSE TX: MCY) is encouraging drivers to rethink when they replace their vehicles as the average new vehicle transaction price approaches $50,000, according to Kelley Blue Book. For many households, holding onto a reliable vehicle for a few more years may be one of the smartest financial decisions they can make.While replacing a vehicle has long been viewed as the natural next step after a major repair or milestone birthday, today's vehicle prices have changed that equation. Between higher purchase prices, financing costs, taxes, registrat
Millions of Americans will book short-term rentals this summer, but guests and homeowners alike should understand their responsibilities before the keys change handsLOS ANGELES, July 14, 2026 /PRNewswire/ -- Vacation rentals have become a staple of summer travel, with millions of Americans choosing homes, condos and cabins over traditional hotels. While property damage during short-term rentals is relatively uncommon, Mercury Insurance (NYSE/NYSE TX: MCY) says the financial consequences can be significant when guests or homeowners misunderstand what they're responsible for before a stay begins.Whether you're booking a weekend getaway or renting out your home to travelers, taking a few simple
Mercury Insurance shares 10 simple steps to help homeowners avoid costly surprises while they're awayLOS ANGELES, July 9, 2026 /PRNewswire/ -- Mercury Insurance (NYSE/NYSE TX: MCY) is encouraging homeowners to take a few simple precautions before leaving for vacation as new research shows nearly two-thirds of summer travelers admit they could do a better job protecting their homes while they're away. Whether you're heading out for a long weekend or an extended getaway, spending a few extra minutes preparing your home can help reduce the risk of theft, water damage, electrical issues and other costly surprises."Preparing your home before a vacation doesn't have to take hours, but it can make
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Simon Zhang will spearhead effort to unlock Mercury's deep data and analytics resources to fuel the company's innovation efforts and improve customer experiences LOS ANGELES, Feb. 8, 2024 /PRNewswire/ -- Mercury Insurance (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Simon Zhang to the newly-created position of Chief Data and Analytics Officer. The hire continues Mercury's ongoing effort to utilize advanced data analytics to drive business growth, elevate the carrier's product offerings, and better meet the needs of its policyholders. "This
Wilson Pang to Supercharge Technological Innovation Focused on Today's Modern Customers LOS ANGELES, March 6, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Wilson Pang as Chief Technology Officer (CTO) to lead its technological transformation efforts. Mercury was built on innovation when George Joseph – who founded Mercury more than 60 years ago – transformed the industry with the introduction of segmented pricing for different risk groups. With that entrepreneurial spirit serving as the foundation for the company, Mercury is poised to take a giant step into the digital future with the appointment of Mr. Pang
Wilson Pang to Supercharge Technological Innovation Focused on Today's Modern Customers LOS ANGELES, March 6, 2023 /PRNewswire-PRWeb/ -- Mercury General Corporation (NYSE:MCY), a leading provider of property and casualty insurance, has appointed Wilson Pang as Chief Technology Officer (CTO) to lead its technological transformation efforts. Mercury was built on innovation when George Joseph – who founded Mercury more than 60 years ago – transformed the industry with the introduction of segmented pricing for different risk groups. With that entrepreneurial spirit serving as the foundation for the company, Mercury is poised to take a giant step into the digital future with the appointment of Mr
LOS ANGELES, July 7, 2026 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, August 4, 2026, the Company will issue an earnings press release reporting its results for the second quarter of 2026, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many
LOS ANGELES, May 5, 2026 /PRNewswire/ -- Mercury General Corporation (NYSE:MCY) reported today for the first quarter of 2026:Consolidated HighlightsThree Months Ended March 31,Change20262025$%(000's except per-share amounts and ratios)Net premiums earned (2)$ 1,452,413$ 1,283,069$ 169,34413.2Net premiums written (1) (2) $ 1,550,118$ 1,314,380$ 235,73817.9Direct premiums written (1)$ 1,572,741$ 1,445,443$ 127,2988.8Net realized investment (losses) gains, net of tax (3)$ (3,589)$ 18,424$ (22,013)(119.5)Net income (loss)$ 190,421$ (108,327)$ 298,748NMNet income (loss) per diluted share$ 3.44$ (1.96)$ 5.4NMOperating i
LOS ANGELES, April 7, 2026 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, May 5, 2026, the Company will issue an earnings press release reporting its results for the first quarter of 2026, and will also file its quarterly report on Form 10-Q with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's quarterly report on Form 10-Q.Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many st
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