In Wednesday’s Wall Street session, Mercury General Corp (NYSE:MCY) shares traded at $62.81, down -2.32% from the previous session.
MCY stock price is now 5.95% away from the 50-day moving average and 2.48% away from the 200-day moving average. The market capitalization of the company currently stands at $3.48B.
With the price target enhanced from $70 to $80, Raymond James Upgraded its rating from Outperform to Strong Buy for Mercury General Corp (NYSE: MCY). On July 07, 2023, Raymond James Downgraded its previous ‘Strong Buy’ rating to ‘Outperform’ on the stock reducing its target price from $40 to quote $33, while the Raymond James previously rated the stock as ‘Strong Buy’ on November 04, 2022.
In other news, Joseph Victor George, President & COO bought 15,000 shares of the company’s stock on May 23 ’25. The stock was bought for $899,252 at an average price of $59.95. Upon completion of the transaction, the President & COO now directly owns 15,025 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’25, Zhang Ximeng Simon bought 1,500 shares of the business’s stock. A total of $92,866 was incurred on buying the stock at an average price of $61.91. This leaves the insider owning 1,500 shares of the company worth $94215.0. A total of 52.06% of the company’s stock is owned by insiders.
During the past 12 months, Mercury General Corp has had a low of $44.19 and a high of $80.72.
The net profit margin was 5.11% and return on equity was 16.71% for MCY.
