Could Mercury General Corporation (NYSE:MCY) See a Reversal After Less Sellers Came In?

February 15, 2018 - By Marry Poplack

 Could Mercury General Corporation (NYSE:MCY) See a Reversal After Less Sellers Came In?

Investors sentiment increased to 1.51 in Q3 2017. Its up 0.47, from 1.04 in 2017Q2. It improved, as 4 investors sold Mercury General Corporation shares while 51 reduced holdings. 24 funds opened positions while 59 raised stakes. 25.16 million shares or 2.63% less from 25.84 million shares in 2017Q2 were reported.
Barclays Public Ltd Co has 0% invested in Mercury General Corporation (NYSE:MCY). Great West Life Assurance Can holds 20,492 shares. California State Teachers Retirement Systems holds 45,609 shares. First Trust Advsrs L P reported 351,696 shares or 0.05% of all its holdings. United Capital Financial Advisers Ltd Liability has 8,270 shares. Blackrock Incorporated stated it has 0.02% of its portfolio in Mercury General Corporation (NYSE:MCY). Advisors Asset Management, a Colorado-based fund reported 12,342 shares. 4,173 were reported by Profund Ltd. Moreover, Horizon Kinetics Limited Company has 0.01% invested in Mercury General Corporation (NYSE:MCY). Manufacturers Life Insur The holds 54,076 shares. Aperio Gp Inc Lc reported 0% of its portfolio in Mercury General Corporation (NYSE:MCY). Jane Street Lc invested in 10,416 shares or 0% of the stock. State Street invested in 0.01% or 2.52M shares. Sg Americas Secs Limited Liability Company, a New York-based fund reported 1,860 shares. Liberty Mutual Asset Incorporated holds 0.03% or 9,549 shares in its portfolio.

Since February 8, 2018, it had 1 buy, and 0 insider sales for $21,338 activity.

The stock of Mercury General Corporation (NYSE:MCY) registered a decrease of 0.31% in short interest. MCY’s total short interest was 2.32M shares in February as published by FINRA. Its down 0.31% from 2.33 million shares, reported previously. With 143,000 shares average volume, it will take short sellers 16 days to cover their MCY’s short positions. The short interest to Mercury General Corporation’s float is 8.54%.

The stock increased 2.11% or $0.94 during the last trading session, reaching $45.42. About 169,636 shares traded. Mercury General Corporation (NYSE:MCY) has risen 6.61% since February 15, 2017 and is uptrending. It has underperformed by 10.09% the S&P500.

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company has market cap of $2.51 billion. The firm also writes homeowners, commercial automobile, commercial property, mechanical breakdown, and umbrella insurance. It has a 17.34 P/E ratio. The Company’s automobile insurance products cover collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeownerÂ’s insurance products cover dwelling, liability, personal property, fire, and other hazards.

Mercury General Corporation (NYSE:MCY) Ratings Coverage

Among 2 analysts covering Mercury General (NYSE:MCY), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Mercury General had 3 analyst reports since August 26, 2015 according to SRatingsIntel. Raymond James upgraded the shares of MCY in report on Friday, February 19 to “Mkt Perform” rating. The stock of Mercury General Corporation (NYSE:MCY) earned “Neutral” rating by Compass Point on Tuesday, May 3. The rating was upgraded by Zacks on Wednesday, August 26 to “Sell”.

More notable recent Mercury General Corporation (NYSE:MCY) news were published by: Seekingalpha.com which released: “Portfolio” on July 25, 2017, also Prnewswire.com with their article: “Mercury General Corporation To Report Third Quarter Results On October 30, 2017” published on October 09, 2017, Seekingalpha.com published: “Mercury General’s (MCY) CEO Gabriel Tirador on Q3 2017 Results – Earnings Call …” on October 30, 2017. More interesting news about Mercury General Corporation (NYSE:MCY) were released by: Nasdaq.com and their article: “Mercury General Corporation (MCY) Ex-Dividend Date Scheduled for December 13, 2017” published on December 12, 2017 as well as Prnewswire.com‘s news article titled: “Mercury General Corporation To Report Fourth Quarter 2017 Results On February …” with publication date: January 10, 2018.

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