Sanctuary Advisors LLC purchased a new stake in shares of Mercury General Co. (NYSE:MCY – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 5,791 shares of the insurance provider’s stock, valued at approximately $299,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Mercury General by 962.3% in the second quarter. CWM LLC now owns 563 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 510 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Mercury General in the second quarter worth $32,000. Blue Trust Inc. increased its position in Mercury General by 8,262.5% during the second quarter. Blue Trust Inc. now owns 669 shares of the insurance provider’s stock worth $35,000 after buying an additional 661 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in Mercury General during the second quarter worth $64,000. Finally, Quarry LP increased its position in Mercury General by 112.0% during the second quarter. Quarry LP now owns 1,215 shares of the insurance provider’s stock worth $65,000 after buying an additional 642 shares during the last quarter. Institutional investors and hedge funds own 42.39% of the company’s stock.
Mercury General Trading Down 1.2 %
Mercury General stock opened at $67.28 on Friday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 17.30 and a beta of 0.81. The company’s fifty day moving average price is $62.66 and its two-hundred day moving average price is $57.65. Mercury General Co. has a one year low of $29.23 and a one year high of $69.00. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were paid a $0.3175 dividend. This represents a $1.27 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, September 12th. Mercury General’s payout ratio is presently 32.65%.
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.
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