Blue Trust Inc. Acquires 482 Shares of Mercury General Co. (NYSE:MCY)

Blue Trust Inc. raised its position in shares of Mercury General Co. (NYSE:MCY) by 72.0% in the third quarter, HoldingsChannel reports. The firm owned 1,151 shares of the insurance provider’s stock after buying an additional 482 shares during the quarter. Blue Trust Inc.’s holdings in Mercury General were worth $72,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MCY. CWM LLC increased its holdings in shares of Mercury General by 962.3% in the 2nd quarter. CWM LLC now owns 563 shares of the insurance provider’s stock worth $30,000 after buying an additional 510 shares during the last quarter. National Bank of Canada FI purchased a new position in Mercury General in the 2nd quarter worth $32,000. FSC Wealth Advisors LLC purchased a new position in Mercury General during the 2nd quarter worth approximately $64,000. Quarry LP lifted its holdings in shares of Mercury General by 112.0% in the 2nd quarter. Quarry LP now owns 1,215 shares of the insurance provider’s stock valued at $65,000 after buying an additional 642 shares during the period. Finally, Covestor Ltd grew its position in Mercury General by 20.8% during the first quarter. Covestor Ltd now owns 1,571 shares of the insurance provider’s stock valued at $81,000 after buying an additional 271 shares during the period. 42.39% of the stock is owned by institutional investors.

Mercury General Trading Up 4.9 %

Shares of NYSE:MCY opened at $71.76 on Thursday. The business’s 50 day moving average price is $63.83 and its 200-day moving average price is $58.61. Mercury General Co. has a 1 year low of $30.17 and a 1 year high of $73.72. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 12.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.31 and a quick ratio of 0.31.

Mercury General (NYSE:MCY) last posted its earnings results on Tuesday, July 30th. The insurance provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.29. Mercury General had a return on equity of 14.91% and a net margin of 6.36%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned ($0.47) earnings per share. On average, equities research analysts forecast that Mercury General Co. will post 4 earnings per share for the current fiscal year.

Mercury General Company Profile

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.