Insurance Dividend Champion - Q1 2019: Mercury General [Seeking Alpha]
Mercury General Corporation (MCY)
Last mercury general corporation earnings: 2/10 08:30 am
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US:NYSE Investor Relations:
mercuryinsurance.com/investor-information
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Source: Seeking Alpha
Insurance Dividend Champion - Q1 2019: Mercury General Summary The Dividend Champions are companies that have raised their dividend for 25+ consecutive years. Mercury General is an insurer which is, in my opinion, the weakest member of the "Insurance dividend Champions" club. Suffering from an erratic underwriting performance, mainly due to an overexposure to the California market, the dividend growth over the last five years was anemic. Although the company showed improvements in Q1 2019, Mr. Market seems to be slightly over-optimistic regarding the company's perspectives. At two times the book value, it is definitely not a buy for me. Last time CINF Mercury General ( MCY Overexposed to the California insurance market, Mercury is not really present in niche markets, like Chubb ( CB Over the last five years, the combined ratio has oscillated between 98.8% and 101.9%. Blocked by a poor underwriting performance, the dividend growth was anemic (0.4% CAGR over the last five years). Fortun
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MCY
News
- Anaheim Ducks Game Day Just Got A Whole Lot More Exciting!PR Newswire
- Mercury General Co. (NYSE: MCY) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Bodily Injury Costs Increase in Arizona, According to Mercury InsurancePR Newswire
- Mercury General Co. (NYSE: MCY) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Finding the Best Value Stocks to Buy in December [Yahoo! Finance]Yahoo! Finance
MCY
Earnings
- 10/29/24 - Beat
MCY
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form 144
- 12/4/24 - Form 4
- MCY's page on the SEC website