Hotchkis & Wiley Capital Administration LLC boosted its holdings in shares of Mercury Basic Co. (NYSE:MCY – Free Report) by 15.8% within the second quarter, HoldingsChannel experiences. The agency owned 169,720 shares of the insurance coverage supplier’s inventory after shopping for a further 23,200 shares throughout the interval. Hotchkis & Wiley Capital Administration LLC’s holdings in Mercury Basic had been value $5,137,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
Numerous different massive buyers have additionally modified their holdings of MCY. Fairfield Bush & CO. acquired a brand new place in shares of Mercury Basic within the first quarter value about $33,000. JPMorgan Chase & Co. raised its place in shares of Mercury Basic by 7.1% within the first quarter. JPMorgan Chase & Co. now owns 50,161 shares of the insurance coverage supplier’s inventory value $2,759,000 after buying a further 3,341 shares throughout the interval. Raymond James & Associates raised its place in shares of Mercury Basic by 57.1% within the first quarter. Raymond James & Associates now owns 21,367 shares of the insurance coverage supplier’s inventory value $1,175,000 after buying a further 7,763 shares throughout the interval. Financial institution of New York Mellon Corp raised its place in shares of Mercury Basic by 1.7% within the first quarter. Financial institution of New York Mellon Corp now owns 600,519 shares of the insurance coverage supplier’s inventory value $33,028,000 after buying a further 10,059 shares throughout the interval. Lastly, US Bancorp DE raised its place in shares of Mercury Basic by 15.0% within the first quarter. US Bancorp DE now owns 3,077 shares of the insurance coverage supplier’s inventory value $170,000 after buying a further 401 shares throughout the interval. Institutional buyers and hedge funds personal 42.39% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Individually, StockNews.com upgraded shares of Mercury Basic from a “maintain” score to a “purchase” score in a analysis report on Tuesday, November 14th.
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Mercury Basic Inventory Up 2.0 %
MCY opened at $37.25 on Friday. Mercury Basic Co. has a twelve month low of $26.15 and a twelve month excessive of $39.47. 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 corporate has a 50-day shifting common worth of $32.45 and a 200 day shifting common worth of $30.77. The corporate has a market cap of $2.06 billion, a PE ratio of -20.24 and a beta of 0.65.
Mercury Basic (NYSE:MCY – Get Free Report) final launched its quarterly earnings outcomes on Tuesday, October thirty first. The insurance coverage supplier reported $1.14 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $1.15. Mercury Basic had a damaging internet margin of two.31% and a damaging return on fairness of 8.85%. The agency had income of $1.16 billion throughout the quarter, in comparison with the consensus estimate of $1.11 billion. Promote-side analysts anticipate that Mercury Basic Co. will publish -0.8 earnings per share for the present fiscal yr.
Mercury Basic Will increase Dividend
The agency additionally lately disclosed a quarterly dividend, which will likely be paid on Thursday, December twenty eighth. Traders of file on Thursday, December 14th will likely be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of three.41%. The ex-dividend date is Wednesday, December thirteenth. It is a enhance from Mercury Basic’s earlier quarterly dividend of $0.32. Mercury Basic’s dividend payout ratio is at the moment -69.02%.
About Mercury Basic
(Free Report)
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 embody 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, fireplace, and different hazards.
Learn Extra
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