Mercury Common Co. (NYSE:MCY – Get Free Report) was the goal of a major decline briefly curiosity throughout the month of November. As of November thirtieth, there was brief curiosity totalling 372,800 shares, a decline of 17.3% from the November fifteenth whole of 450,900 shares. Presently, 1.4% of the corporate’s inventory are brief bought. Primarily based on a median every day buying and selling quantity, of 165,400 shares, the days-to-cover ratio is presently 2.3 days.
Mercury Common Inventory Down 2.8 %
Mercury Common inventory traded down $1.09 throughout buying and selling hours on Friday, hitting $37.43. The inventory had a buying and selling quantity of 482,403 shares, in comparison with its common quantity of 211,371. The corporate has a fast ratio of 0.30, a present ratio of 0.30 and a debt-to-equity ratio of 0.42. The inventory has a market capitalization of $2.07 billion, a P/E ratio of -20.33 and a beta of 0.73. Mercury Common has a 12-month low of $26.15 and a 12-month excessive of $40.32. The inventory’s 50-day shifting common value is $34.86 and its 200-day shifting common value is $31.43.
Mercury Common (NYSE:MCY – Get Free Report) final issued its earnings outcomes on Tuesday, October thirty first. The insurance coverage supplier reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $1.15. The enterprise had income of $1.16 billion throughout the quarter, in comparison with analysts’ expectations of $1.11 billion. Mercury Common had a adverse internet margin of two.31% and a adverse return on fairness of 8.85%. Equities analysis analysts anticipate that Mercury Common will submit -0.8 EPS for the present fiscal yr.
Mercury Common Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which shall be paid on Thursday, December twenty eighth. Stockholders of file on Thursday, December 14th shall be paid a $0.3175 dividend. The ex-dividend date of this dividend is Wednesday, December thirteenth. It is a optimistic change from Mercury Common’s earlier quarterly dividend of $0.32. This represents a $1.27 dividend on an annualized foundation and a dividend yield of three.39%. Mercury Common’s payout ratio is at the moment -69.02%.
Institutional Buying and selling of Mercury Common
Massive buyers have not too long ago made modifications to their positions within the inventory. Fairfield Bush & CO. purchased a brand new stake in shares of Mercury Common within the first quarter price roughly $33,000. Larson Monetary Group LLC purchased a brand new stake in shares of Mercury Common within the third quarter price roughly $25,000. Captrust Monetary Advisors grew its stake in shares of Mercury Common by 23.8% within the first quarter. Captrust Monetary Advisors now owns 1,244 shares of the insurance coverage supplier’s inventory price $68,000 after buying an extra 239 shares throughout the interval. Quarry LP grew its stake in shares of Mercury Common by 40.0% within the first quarter. Quarry LP now owns 1,263 shares of the insurance coverage supplier’s inventory price $40,000 after buying an extra 361 shares throughout the interval. Lastly, Gradient Investments LLC purchased a brand new stake in shares of Mercury Common within the third quarter price roughly $38,000. 42.39% of the inventory is at the moment owned by institutional buyers.
Analyst Rankings Modifications
Individually, StockNews.com upgraded Mercury Common from a “maintain” score to a “purchase” score in a report on Tuesday, November 14th.
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Mercury Common Firm Profile
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Mercury Common Company, along with its subsidiaries, engages in writing private car insurance coverage in the US. The corporate additionally writes owners, industrial car, industrial property, mechanical safety, and umbrella insurance coverage merchandise. Its car insurance coverage merchandise embrace collision, property injury, bodily damage, complete, private damage safety, underinsured and uninsured motorist, and different hazards; and owners insurance coverage merchandise comprise dwelling, legal responsibility, private property, fireplace, and different hazards.
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