Principal Monetary Group Inc. decreased its stake in Mercury Normal Co. (NYSE:MCY – Get Ranking) by 16.7% through the 1st quarter, in accordance with its most up-to-date Kind 13F submitting with the Securities & Change Fee. The fund owned 151,418 shares of the insurance coverage supplier’s inventory after promoting 30,293 shares through the interval. Principal Monetary Group Inc. owned 0.27% of Mercury Normal value $8,328,000 as of its most up-to-date SEC submitting.
Different giant buyers have additionally modified their holdings of the corporate. New York State Frequent Retirement Fund boosted its holdings in shares of Mercury Normal by 68.8% within the first quarter. New York State Frequent Retirement Fund now owns 123,949 shares of the insurance coverage supplier’s inventory valued at $6,817,000 after buying a further 50,523 shares through the interval. Charles Schwab Funding Administration Inc. boosted its holdings in shares of Mercury Normal by 2.2% within the fourth quarter. Charles Schwab Funding Administration Inc. now owns 511,706 shares of the insurance coverage supplier’s inventory valued at $27,152,000 after buying a further 11,095 shares through the interval. Rockefeller Capital Administration L.P. boosted its holdings in shares of Mercury Normal by 25.5% within the fourth quarter. Rockefeller Capital Administration L.P. now owns 30,312 shares of the insurance coverage supplier’s inventory valued at $1,608,000 after buying a further 6,163 shares through the interval. Versor Investments LP boosted its holdings in shares of Mercury Normal by 40.3% within the first quarter. Versor Investments LP now owns 8,677 shares of the insurance coverage supplier’s inventory valued at $477,000 after buying a further 2,494 shares through the interval. Lastly, GSA Capital Companions LLP acquired a brand new stake in shares of Mercury Normal within the fourth quarter valued at roughly $301,000. 40.01% of the inventory is owned by institutional buyers and hedge funds.
Mercury Normal Value Efficiency
Shares of NYSE MCY opened at $34.31 on Friday. The corporate has a debt-to-equity ratio of 0.22, a present ratio of 0.28 and a fast ratio of 0.28. The inventory has a fifty day shifting common value of $40.16 and a 200 day shifting common value of $47.79. Mercury Normal Co. has a 1-year low of $31.29 and a 1-year excessive of $60.67. The corporate has a market cap of $1.90 billion, a PE ratio of -5.05 and a beta of 0.39.
Mercury Normal Cuts Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which can be paid on Thursday, September twenty ninth. Traders of report on Thursday, September fifteenth can be issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of three.70%. The ex-dividend date of this dividend is Wednesday, September 14th. Mercury Normal’s dividend payout ratio is presently -37.41%.
Analyst Upgrades and Downgrades
Individually, TheStreet downgraded Mercury Normal from a “b” ranking to a “c+” ranking in a report on Friday, Could sixth.
Mercury Normal Firm Profile
(Get Ranking)
Mercury Normal Company, along with its subsidiaries, engages in writing private car insurance coverage in the USA. The corporate additionally writes householders, industrial car, industrial property, mechanical safety, and umbrella insurance coverage merchandise. Its car insurance coverage merchandise embody collision, property harm, bodily harm, complete, private harm safety, underinsured and uninsured motorist, and different hazards; and householders insurance coverage merchandise comprise dwelling, legal responsibility, private property, fireplace, and different hazards.
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