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LOS ANGELES , April 9, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, April 30, 2024, the Company will issue an earnings press release reporting its results for the first quarter of 2024, 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.
Does Mercury General (MCY) have what it takes to be a top stock pick for momentum investors? Let's find out.
We have narrowed our search to five P&C insurers with strong potential for 2024. These are: These are: PGR, AXS, MCY, WRB, PLMR.
Does Mercury General (MCY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Mercury General (MCY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Mercury General (MCY) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $1.45 per share a year ago.
LOS ANGELES , Jan. 16, 2024 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 13, 2024, the Company will issue an earnings press release reporting its results for the fourth quarter of 2023, and will also file its annual report on Form 10-K with the Securities and Exchange Commission. The earnings press release should be read in conjunction with the Company's annual report on Form 10-K.
RLI stands to gain from product diversification, better opportunities in inland marine space, rate increases, higher premium receipts and effective capital deployment.
LOS ANGELES , Oct. 10, 2023 /PRNewswire/ -- Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, October 31, 2023, the Company will issue an earnings press release reporting its results for the third quarter of 2023, 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's share price has dropped nearly 25% in the last 12 months due to lackluster results and a poor margin profile. The company operates in the property and casualty insurance industry and has struggled to reach profitability since the US government lifted claims restrictions in 2020. MCY's net premiums written are increasing, but its negative ROE and growing combined ratio are concerning, making it a risky investment.