when it comes to choosing an insurance company, we know consumers want the lowest price possible. but they also want the appropriate amount of coverage to keep their family safe. why should they have to sacrifice one over the other? with mercury, we believe in having the best of both worlds. low rates, excellent coverage and a local agent who’s there every step of the way. that’s what sets mercury apart from our competitors. and that’s what makes us the obvious choice when it comes to insurance. since we first opened our doors in 1962, we’ve provided comprehensive coverage options ranging from personal auto insurance to homeowners insurance to mechanical breakdown protection. dedicated managers and enthusiastic employees work hand-in-hand with our network of independent agents to make mercury one of the fastest-growing auto insurers in the nation and the leading insurer in california. the momentum is building. and the good news is we have no plans to stop.
Company profile
Ticker
MCY
Exchange
Website
CEO
Tajinder Johal
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)
ARS
2023 FY
Annual report to shareholders
25 Mar 24
DEFA14A
Additional proxy soliciting materials
25 Mar 24
DEF 14A
Definitive proxy
25 Mar 24
10-K
2023 FY
Annual report
13 Feb 24
8-K
Mercury General Corporation Announces Fourth
13 Feb 24
8-K
Departure of Directors or Certain Officers
13 Dec 23
8-K
Entry into a Material Definitive Agreement
30 Nov 23
10-Q
2023 Q3
Quarterly report
31 Oct 23
8-K
Mercury General Corporation Announces Third Quarter Results and Declares Quarterly Dividend
31 Oct 23
10-Q
2023 Q2
Quarterly report
1 Aug 23
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
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
SC 13G/A
BlackRock Inc.
24 Jan 24
3
Ximeng Simon Zhang
26 Dec 23
4
Joshua Eric Little
28 Aug 23
4/A
Joshua Eric Little
21 Jun 23
4
Joshua Eric Little
15 May 23
SC 13G/A
BlackRock Inc.
5 May 23
3
Wei Pang
29 Mar 23
4
Joshua Eric Little
14 Mar 23
4
Randall R Petro
8 Mar 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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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) | 453.94 mm | 453.94 mm | 453.94 mm | 453.94 mm | 453.94 mm | 453.94 mm |
Cash burn (monthly) | (no burn) | (no burn) | 5.08 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 34.79 mm | n/a | n/a | n/a |
Cash remaining | n/a | n/a | 419.14 mm | n/a | n/a | n/a |
Runway (months of cash) | n/a | n/a | 82.6 | n/a | n/a | n/a |
Institutional ownership, Q3 2023
42.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 170 |
Opened positions | 19 |
Closed positions | 26 |
Increased positions | 54 |
Reduced positions | 65 |
13F shares | Current |
---|---|
Total value | 648.08 bn |
Total shares | 23.27 mm |
Total puts | 2.90 k |
Total calls | 27.30 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 5.60 mm | $157.10 bn |
Vanguard | 3.20 mm | $89.77 bn |
Dimensional Fund Advisors | 1.81 mm | $50.85 bn |
Semper Augustus Investments | 1.35 mm | $37.88 bn |
Renaissance Technologies | 1.26 mm | $35.24 bn |
STT State Street | 999.56 k | $28.02 bn |
Absher Wealth Management | 720.23 k | $20.19 bn |
MS Morgan Stanley | 549.91 k | $15.41 bn |
Geode Capital Management | 547.37 k | $15.34 bn |
AMP Ameriprise Financial | 501.06 k | $14.04 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Aug 23 | Joshua Eric Little | Common Stock | Buy | Acquire P | No | No | 28.56 | 250 | 7.14 k | 3,250 |
12 May 23 | Joshua Eric Little | Common Stock | Buy | Acquire P | No | No | 29.3318 | 250 | 7.33 k | 3,000 |
12 May 23 | Joshua Eric Little | Common Stock | Buy | Acquire P | No | No | 29.3318 | 250 | 7.33 k | 3,000 |
13 Mar 23 | Joshua Eric Little | Common Stock | Buy | Acquire P | No | No | 29.8541 | 250 | 7.46 k | 2,750 |
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Press releases
MERCURY GENERAL CORPORATION TO REPORT FIRST QUARTER RESULTS ON APRIL 30, 2024
9 Apr 24
Bodily Injury Costs Increase in Texas, According to Mercury Insurance
3 Apr 24
Mercury Insurance Offers New Coverages and Discounts in New Jersey
2 Apr 24
Mercury Insurance Shares 4 Ways to Achieve Financial Empowerment in 2024
29 Mar 24
Mercury Insurance Continues Partnership with Flume Water Monitor to Help Policyholders Reduce Water Leaks
14 Mar 24