Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers in many states.
Company profile
Ticker
MCY
Exchange
Website
CEO
Gabriel Tirador
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Mercury Casualty Company • Mercury Insurance Company • Mercury Indemnity Company • California Automobile Insurance Company • California General Underwriters Insurance Company, Inc. • Mercury Insurance Services LLC • Mercury County Mutual Insurance Company • American Mercury Insurance Company • American Mercury Lloyds Insurance Company • Mercury Select Management Company, Inc. ...
IRS number
952211612
MCY stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
14 Feb 23
8-K
Mercury General Corporation Announces Fourth Quarter and Fiscal 2022 Results and Declares Quarterly Dividend
14 Feb 23
8-K
Entry into a Material Definitive Agreement
21 Nov 22
10-Q
2022 Q3
Quarterly report
1 Nov 22
8-K
Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend
1 Nov 22
10-Q
2022 Q2
Quarterly report
2 Aug 22
8-K
Mercury General Corporation Announces Second Quarter Results and Declares Quarterly Dividend
2 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
10-Q
2022 Q1
Quarterly report
3 May 22
8-K
Mercury General Corporation Announces First Quarter Results and Declares Quarterly Dividend
3 May 22
Transcripts
MCY
Earnings call transcript
2020 Q2
3 Aug 20
MCY
Earnings call transcript
2020 Q1
4 May 20
MCY
Earnings call transcript
2019 Q4
10 Feb 20
MCY
Earnings call transcript
2019 Q3
28 Oct 19
MCY
Earnings call transcript
2019 Q2
29 Jul 19
MCY
Earnings call transcript
2019 Q1
29 Apr 19
MCY
Earnings call transcript
2018 Q4
11 Feb 19
MCY
Earnings call transcript
2018 Q3
29 Oct 18
MCY
Earnings call transcript
2018 Q2
30 Jul 18
MCY
Earnings call transcript
2018 Q1
30 Apr 18
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 289.78 mm | 289.78 mm | 289.78 mm | 289.78 mm | 289.78 mm | 289.78 mm |
| Cash burn (monthly) | 15.37 mm | 7.16 mm | (no burn) | 41.99 mm | (no burn) | (no burn) |
| Cash used (since last report) | 43.70 mm | 20.36 mm | n/a | 119.41 mm | n/a | n/a |
| Cash remaining | 246.07 mm | 269.42 mm | n/a | 170.36 mm | n/a | n/a |
| Runway (months of cash) | 16.0 | 37.6 | n/a | 4.1 | n/a | n/a |
Institutional ownership, Q4 2022
43.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 197 |
| Opened positions | 39 |
| Closed positions | 43 |
| Increased positions | 64 |
| Reduced positions | 68 |
| 13F shares | Current |
|---|---|
| Total value | 774.72 bn |
| Total shares | 24.14 mm |
| Total puts | 22.40 k |
| Total calls | 25.30 k |
| Total put/call ratio | 0.9 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 5.44 mm | $186.00 bn |
| Vanguard | 3.16 mm | $108.02 bn |
| Renaissance Technologies | 1.25 mm | $42.75 bn |
| Dimensional Fund Advisors | 1.22 mm | $41.87 bn |
| CAIBX Capital Income Builder | 1.10 mm | $58.78 mm |
| STT State Street | 1.01 mm | $34.64 bn |
| Charles Schwab Investment Management | 827.38 k | $28.30 bn |
| Absher Wealth Management | 628.66 k | $21.50 bn |
| IVZ Invesco | 601.03 k | $20.56 bn |
| Semper Augustus Investments | 596.49 k | $20.40 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 Mar 23 | Joshua Eric Little | Common Stock | Buy | Acquire P | No | No | 29.8541 | 250 | 7.46 k | 2,750 |
| 7 Mar 23 | Randall R Petro | Common Stock | Other | Dispose J | Yes | No | 31.97 | 69 | 2.21 k | 0 |
| 23 Feb 23 | George Joseph | Common Stock | Other | Dispose J | Yes | No | 34.4882 | 674 | 23.25 k | 0 |
| 21 Feb 23 | Theodore R Stalick | Common Stock | Gift | Dispose G | No | No | 34.81 | 100 | 3.48 k | 4,343 |
News
Insurance Stocks Moving In Thursday's Intraday Session
16 Feb 23
Why Sabre Are Trading Lower By 19%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
15 Feb 23
Insurance Stocks Moving In Wednesday's Intraday Session
15 Feb 23
Mercury General Q4 EPS $(1.45) Misses $(0.36) Estimate
14 Feb 23
Earnings Scheduled For February 14, 2023
14 Feb 23
Press releases
Mercury Insurance Hires Chief Technology Officer to Drive Digital Strategy
6 Mar 23
Mercury Insurance Creates Chief Technology Officer Role to Drive Digital Strategy
6 Mar 23
AM Best Downgrades Issuer Credit Rating of Mercury General Corporation and Its Core Subsidiaries; Upgrades Credit Ratings of Reinsured Subsidiaries
17 Feb 23
Forbes Recognizes Mercury Insurance as One of America's Best Midsize Employers for 2023
16 Feb 23
Mercury General Corporation Announces Fourth Quarter and Fiscal 2022 Results and Declares Quarterly Dividend
14 Feb 23