In a report released today, Charles Peters from Raymond James maintained a Buy rating on Mercury General (MCY – Research Report), with a price target of $40.00. The company’s shares closed last Friday at $29.52.
According to TipRanks, Peters is a 5-star analyst with an average return of 7.9% and a 63.41% success rate. Peters covers the Financial sector, focusing on stocks such as Allstate, Everest Re, and Mercury General.
Currently, the analyst consensus on Mercury General is a Moderate Buy with an average price target of $40.00.
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The company has a one-year high of $49.35 and a one-year low of $26.15. Currently, Mercury General has an average volume of 311.7K.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MCY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobile and related insurance products such as homeowners, commercial automobile and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.
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