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Mercury General Corporation

MCY · NYSE

Market closed$106.25$-1.24 (-1.15%)After hours $106.25 · 0.00%

Key statistics

Previous close$107.49
Open$105.98
Day high$109.75
Day low$105.71
52-week high$113.06
52-week low$66.57
Market cap5.89B
Volume199.60K
Average volume274.99K
P/E ratio7.76
Forward P/E—
EPS13.69
Dividend yield+1.20%

Market context

Why it moved

MCY (Mercury General) shares declined as escalating US-Iran conflict drove oil prices sharply higher, raising concerns about increased claims costs and broader market uncertainty weighing on insurance stocks.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Mercury General closed modestly lower, pulling back from near its 52-week high of $113.06 amid a broader risk-off tone in equity markets driven by renewed U.S.-Iran military escalation and a tech-led selloff. The retreat comes despite a strong fundamental backdrop: institutional interest is building, with Candriam initiating a $5.89M position, analysts carrying a consensus Strong Buy rating, and the company's Q1 results significantly beating estimates ($3.50 EPS vs. $2.15 expected). Peer Travelers reported a blowout Q2 combined ratio of 83.6% today, underscoring favorable P&C underwriting conditions that benefit Mercury.

-1.1536

July 17, 2026Mercury General closed up over 2%, outperforming the broader financial sector as the XLF ETF traded near its 52-week high. The gain comes amid strong institutional interest, with Candriam S.C.A. recently initiating a $5.89 million position, and analysts maintaining a consensus Strong Buy rating. Mercury's Q1 2026 earnings significantly beat expectations — reporting $3.50 EPS vs. $2.15 estimated — and the stock has rallied sharply from its 12-month low of $65.77, reflecting renewed investor confidence in the California-focused P&C insurer's underwriting recovery.

2.1186

July 15, 2026Mercury General closed down 2.34%, pressured by sector-wide weakness after peer Progressive Corp fell over 3% following its latest earnings report showing a higher combined ratio and elevated catastrophe losses from severe weather. The broader property and casualty insurance space faced headwinds as rising loss cost inflation and geopolitical-driven oil price surges weighed on sentiment. Despite the pullback, Mercury General carries strong underlying fundamentals — including a blowout Q1 beat of $3.50 EPS vs. $2.15 expected — and holds a consensus Strong Buy rating, with institutional interest evident from new positions initiated in Q1.

-2.3381

July 14, 2026Mercury General closed down notably as the broader P&C insurance sector faced headwinds from multiple directions. Peer Progressive (PGR) fell 3.15% after reporting a higher combined ratio with elevated catastrophe losses, weighing on sentiment across the personal lines space. RBC Capital Markets warned that softer primary property pricing and higher Q2 catastrophe losses are likely to disappoint earnings across P&C insurers, while a Yahoo Finance analysis flagged valuation concerns for Mercury, questioning whether its rally has already priced in the upside amid slowing sales growth and below-average book value growth.

-2.3378

July 14, 2026Mercury General closed modestly higher, outperforming a broadly weaker market as U.S.-Iran tensions drove oil prices sharply higher and pressured tech and chip stocks. As a property & casualty insurer with California-focused personal lines exposure, Mercury General can benefit from rising interest rates — a dynamic increasingly in focus as renewed Middle East hostilities stoke inflation concerns and keep the Fed on hold. Investors are also watching the broader P&C sector into Q2 earnings season, with peers like Travelers drawing analyst attention ahead of results that may set the tone for underwriting margins and catastrophe activity.

1.0068

July 9, 2026Mercury General closed modestly lower, edging down as the broader financial sector navigated a volatile macro backdrop driven by renewed U.S.-Iran military exchanges and surging oil prices that reignited inflation fears. Investor focus is increasingly turning to the company's Q2 2026 earnings report, scheduled for August 4 after market close, following a strong Q1 that saw revenues rise 10.5% year-over-year and beat analyst estimates by 5.4% — with shares up roughly 14% since that report. The P&C insurance sector has broadly benefited from hard market pricing conditions, though rising catastrophe risk and geopolitical uncertainty remain key watchpoints heading into earnings season.

-0.2997

July 8, 2026Mercury General closed modestly lower as broader market risk-off sentiment weighed on financial stocks, with the S&P 500 retreating amid escalating U.S.-Iran tensions that pushed oil prices sharply higher. More notably, investors are looking ahead to the company's Q2 2026 earnings release scheduled for August 4, while a fresh retrospective on P&C insurers' Q1 performance highlighted sector peers posting strong results — with property & casualty stocks up 12.5% on average since their latest earnings reports. Rising Treasury yields (the 30-year topping 5%) and geopolitical uncertainty add macro complexity heading into Mercury's next reporting cycle.

-0.6496

July 8, 2026Mercury General closed slightly lower, edging down less than 0.3%, as the company announced its Q2 2026 earnings release date of August 4 after market close — a key catalyst investors are now watching. The broader P&C insurance sector faces scrutiny heading into earnings season, with research firm Autonomous flagging slowing commercial pricing and a focus on the profitability-vs-growth trade-off in personal lines; BMO's preference for Travelers and W.R. Berkley over smaller carriers reflects cautious sector sentiment. Despite the modest dip, MCY remains near its 52-week high, supported by above-average volume.

-0.252

PR Newswire · July 7, 2026MERCURY GENERAL CORPORATION TO REPORT SECOND QUARTER RESULTS ON AUGUST 4, 2026Stock Titan · July 7, 2026Mercury General schedules second-quarter results for Aug. 4 after market closeInsuranceNewsNet · June 28, 2026Small-Cap Stock Mercury General Offers Growth At A Reasonable PriceArtemis.bm · June 23, 2026Mercury secures $150m Luca Re 2026-1 cat bond, priced 19% below mid-guidance
Benzinga · May 12, 2026Mercury General Files For Debt Shelf Offering; Size Not Disclosed
Mt Newswire · May 12, 2026Mercury Insurance Invests in BurnBot for Wildfire Risk Mitigation
Benzinga · May 12, 2026Mercury Insurance Announces Strategic Investment In Wildfire Mitigation Technology Company Burnbot, Financial Terms Not Disclosed
Mt Newswire · May 7, 2026Mercury Insurance Partners With Olympus Insurance on Bundled Coverage Offering in Florida
Mt Newswire · May 5, 2026Mercury General Q1 Operating Earnings Swings to Profit, Revenue Rises
Mt Newswire · May 5, 2026Earnings Flash (MCY) Mercury General Corporation Reports Q1 Revenue $1.45B, vs. FactSet Est of $1.46B
Mt Newswire · May 5, 2026Earnings Flash (MCY) Mercury General Corporation Posts Q1 Adjusted EPS $3.50 per Share, vs. FactSet Est of $2.52
Mt Newswire · February 17, 2026Mercury General Fiscal Q4 Operating Earnings, Revenue Rise; Maintains Dividend

Peers

S&P 500SPX · $7,457.69-1.01%The Progressive CorporationPGR · $207.95+1.04%The Allstate CorporationALL · $249.90+3.32%Erie Indemnity CompanyERIE · $227.31+0.61%CNA Financial CorporationCNA · $52.27+1.65%Old Republic International CorporationORI · $42.24+1.83%AXIS Capital Holdings LimitedAXS · $114.78+1.02%The Hanover Insurance Group, Inc.THG · $213.23+3.01%RLI Corp.RLI · $61.57+3.34%Selective Insurance Group, Inc.SIGI · $96.46+1.29%White Mountains Insurance Group, Ltd.WTM · $2,211.52+0.68%Kemper CorporationKMPR · $28.02-0.64%