In a report released today, Charles Peters from Raymond James reiterated a Sell rating on Mercury General (MCY). The company’s shares closed last Friday at $57.55, close to its 52-week high of $57.72.
According to TipRanks.com, Peters is a 4-star analyst with an average return of 9.9% and a 68.8% success rate. Peters covers the Financial sector, focusing on stocks such as Argo Group International Holdings, American Equity Investment Life, and Marsh & Mclennan Companies.
Mercury General has an analyst consensus of Moderate Sell.
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Based on Mercury General’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.07 billion and net profit of $167 million. In comparison, last year the company earned revenue of $988 million and had a net profit of $31.69 million.
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Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobile and related insurance products such as homeowners, commercial automobile and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.
