Mercury Common (NYSE:MCY – Free Report) was downgraded by equities researchers at StockNews.com from a “purchase” score to a “maintain” score in a analysis report issued on Monday.
Individually, Raymond James minimize shares of Mercury Common from a “strong-buy” score to an “outperform” score and lowered their goal worth for the inventory from $40.00 to $33.00 in a analysis report on Friday.
Mercury Common Worth Efficiency
Mercury Common inventory opened at $29.24 on Monday. Mercury Common has a 1 12 months low of $26.15 and a 1 12 months excessive of $46.39. The agency has a 50 day transferring common worth of $30.09 and a 200 day transferring common worth of $32.32. The corporate has a market cap of $1.62 billion, a price-to-earnings ratio of -4.48 and a beta of 0.58. The corporate has a debt-to-equity ratio of 0.31, a fast ratio of 0.25 and a present ratio of 0.25.
Mercury Common (NYSE:MCY – Free Report) final launched its quarterly earnings information on Tuesday, Might 2nd. The insurance coverage supplier reported ($1.52) earnings per share (EPS) for the quarter, lacking the consensus estimate of ($1.15) by ($0.37). Mercury Common had a unfavorable return on fairness of 10.88% and a unfavorable web margin of 9.15%. The enterprise had income of $1.06 billion for the quarter, in comparison with analysts’ expectations of $1.05 billion. Promote-side analysts predict that Mercury Common will publish -2.5 earnings per share for the present 12 months.
Institutional Buying and selling of Mercury Common
A variety of hedge funds have not too long ago purchased and offered shares of MCY. BlackRock Inc. lifted its place in shares of Mercury Common by 63.0% within the third quarter. BlackRock Inc. now owns 5,275,905 shares of the insurance coverage supplier’s inventory price $149,942,000 after buying a further 2,039,972 shares within the final quarter. Dimensional Fund Advisors LP grew its holdings in Mercury Common by 24.5% through the first quarter. Dimensional Fund Advisors LP now owns 1,521,741 shares of the insurance coverage supplier’s inventory valued at $48,299,000 after buying a further 299,006 shares over the last quarter. Vanguard Group Inc. grew its holdings in Mercury Common by 10.3% through the third quarter. Vanguard Group Inc. now owns 3,051,777 shares of the insurance coverage supplier’s inventory valued at $86,732,000 after buying a further 285,445 shares over the last quarter. State Avenue Corp grew its holdings in Mercury Common by 20.8% through the first quarter. State Avenue Corp now owns 1,274,652 shares of the insurance coverage supplier’s inventory valued at $70,106,000 after buying a further 219,719 shares over the last quarter. Lastly, Assenagon Asset Administration S.A. acquired a brand new place in Mercury Common through the fourth quarter valued at roughly $4,853,000. 42.67% of the inventory is owned by hedge funds and different institutional buyers.
Mercury Common Firm Profile
(Free Report)
Mercury Common Company, along with its subsidiaries, engages in writing private vehicle insurance coverage in america. The corporate additionally writes owners, business vehicle, business property, mechanical safety, and umbrella insurance coverage merchandise. Its vehicle insurance coverage merchandise embody 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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