Connor Clark & Lunn Funding Administration Ltd. bought a brand new stake in Mercury Basic Co. (NYSE:MCY – Get Score) throughout the second quarter, in response to its most up-to-date 13F submitting with the Securities and Change Fee (SEC). The fund bought 8,885 shares of the insurance coverage supplier’s inventory, valued at roughly $394,000.
Different institutional traders have additionally lately modified their holdings of the corporate. New York State Widespread Retirement Fund raised its holdings in Mercury Basic by 68.8% throughout the first quarter. New York State Widespread Retirement Fund now owns 123,949 shares of the insurance coverage supplier’s inventory value $6,817,000 after buying a further 50,523 shares over the last quarter. HighTower Advisors LLC raised its holdings in Mercury Basic by 4.9% throughout the first quarter. HighTower Advisors LLC now owns 276,042 shares of the insurance coverage supplier’s inventory value $15,179,000 after buying a further 13,005 shares over the last quarter. Instructor Retirement System of Texas raised its holdings in Mercury Basic by 7.1% throughout the first quarter. Instructor Retirement System of Texas now owns 5,742 shares of the insurance coverage supplier’s inventory value $316,000 after buying a further 380 shares over the last quarter. D.A. Davidson & CO. raised its holdings in Mercury Basic by 16.4% throughout the first quarter. D.A. Davidson & CO. now owns 43,794 shares of the insurance coverage supplier’s inventory value $2,409,000 after buying a further 6,168 shares over the last quarter. Lastly, Versor Investments LP raised its holdings in Mercury Basic by 40.3% throughout the first quarter. Versor Investments LP now owns 8,677 shares of the insurance coverage supplier’s inventory value $477,000 after buying a further 2,494 shares over the last quarter. 40.11% of the inventory is at present owned by hedge funds and different institutional traders.
Wall Road Analysts Forecast Progress
A number of equities analysts lately issued stories on MCY shares. Raymond James raised Mercury Basic from an “underperform” score to a “strong-buy” score and set a $45.00 value goal for the corporate in a report on Friday, November 4th. StockNews.com began protection on Mercury Basic in a report on Wednesday, October twelfth. They issued a “maintain” score for the corporate.
Mercury Basic Inventory Efficiency
NYSE MCY opened at $37.46 on Friday. Mercury Basic Co. has a fifty-two week low of $27.89 and a fifty-two week excessive of $56.94. The inventory has a market cap of $2.07 billion, a price-to-earnings ratio of -4.36 and a beta of 0.49. The enterprise has a fifty day transferring common of $31.20 and a 200-day transferring common of $39.09. The corporate has a fast ratio of 0.27, a present ratio of 0.27 and a debt-to-equity ratio of 0.24.
Mercury Basic Dividend Announcement
The enterprise additionally lately declared a quarterly dividend, which will likely be paid on Thursday, December twenty ninth. Stockholders of file on Thursday, December fifteenth will likely be issued a $0.3175 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $1.27 dividend on an annualized foundation and a dividend yield of three.39%. Mercury Basic’s dividend payout ratio (DPR) is -14.78%.
About Mercury Basic
(Get Score)
Mercury Basic Company, along with its subsidiaries, engages in writing private vehicle insurance coverage in the USA. The corporate additionally writes owners, industrial vehicle, industrial property, mechanical safety, and umbrella insurance coverage merchandise. Its vehicle insurance coverage merchandise embrace collision, property harm, bodily harm, complete, private harm safety, underinsured and uninsured motorist, and different hazards; and owners insurance coverage merchandise comprise dwelling, legal responsibility, private property, hearth, and different hazards.
See Additionally
Obtain Information & Scores for Mercury Basic Every day – Enter your electronic mail deal with beneath to obtain a concise every day abstract of the newest information and analysts’ rankings for Mercury Basic and associated corporations with MarketBeat.com’s FREE every day electronic mail publication.
