How to Buy Mercury General Stock
Mercury General Corp
Mercury General is a property & casualty insurance company located in California, United States, which is part of the Financial Services sector, and is traded under the ticker MCY on the NYSE exchange.
Mercury General stock last closed at $51.66, down 4.86% from the previous day, and has increased 70.89% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.51 percentage points. Mercury General stock is currently +97.55% from its 52-week low of $26.15, and -9.56% from its 52-week high of $57.12.
There are currently 55.37M shares of MCY outstanding. The market capitalization of MCY is $2.86B. In the last 24 hours, 332,783 MCY shares were traded.
How to Buy Mercury General Stock
Wondering how to invest in Mercury General stock? Here's how.
- Figure out where to buy Mercury General stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Mercury General stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your info.
- Research Mercury General stock: The Mercury General ticker symbol is MCY. Is Mercury General stock a good investment? Should you buy shares of MCY? How do MCY's underlying business fundamentals look? Do top analysts think Mercury General is a good buy? Why has MCY's stock price moved recently? (Hint: Our stock market analysis website can help you understand if MCY is a good stock to buy).
- Place your MCY purchase: Decide if you will purchase MCY shares at the current market price or use a limit order to purchase MCY stock at a specific price.
- Get key alerts regarding your investment in MCY: Create a watchlist to track your investment in Mercury General shares.
Step 1: Figure out where to buy Mercury General stock
You need an online brokerage account in order to access the NYSE market and buy MCY shares.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you can buy MCY stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on our top ranked stock market app, you need to deposit funds:
Watch this video walkthrough to see the process of depositing funds into your new investment account.
Step 4: Research Mercury General stock
After you have figured out the best place to buy Mercury General stock, it's crucial to analyze their stock before you buy, so you actually comprehend the risk and opportunity.
Mercury General stock at a glance
Mercury General Fundamentals
WallStreetZen was built to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on MCY's stock page.
Is MCY stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge MCY's true value.
Using relative valuations measures:
- MCY may be overvalued based on its P/E ratio of 29.69x, relative to Insurance - Property & Casualty industry P/E ratio of 4.23x
- MCY could be undervalued based on its P/B ratio of 1.85x, relative to Insurance - Property & Casualty industry P/B ratio of 2.17x
- MCY could be undervalued based on its PEG ratio of 0.63x
You can access more valuation research on MCY's stock here.
MCY Financials at a glance
Positive Financial Indicators:
- MCY profit margin has gone up from -14.1% to 2.1% in the past year.
- MCY earnings of $123.60M is not sufficient to cover its interest payments.
- MCY's operating cash flow of $452.99M allows it to safely service it's debt of $587.96M.
Negative Financial Indicators:
- Total MCY debt is higher than 5 years ago, relative to shareholder equity.
- MCY has a relatively high debt to equity ratio of 3.59.
You can dive deeper into what analysts are projecting on the Mercury General stock forecast page.
MCY Trading Indicators
MCY Revenue
Last year, MCY earnings were $96.34M. In the last 4 year, MCY's earnings have gone up by -25.93% per year. This was slower than the Insurance - Property & Casualty industry average of 11.49%.
Last year, MCY revenue was $4.63B. Over the last five year, MCY's revenue has increased by 6.49% per year. This was slower than the Insurance - Property & Casualty industry average of 11.77%.
Dig into MCY's earnings and revenue performance here.
Are MCY insiders buying or selling the stock?
In the past year, insiders at MCY have bought more shares than they have sold.
Joshua Eric Little, Director of MCY, was the latest MCY insider to buy. They bought $7,140.00 worth of MCY stock on Aug 28, 2023.
Research more about who owns MCY stock here.
Does MCY stock generate passive income?
Mercury General pays a dividend of 2.46%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.61%. If you owned $1,000 of MCY stock, you would have received $24.58 in the past year.
Mercury General dividend payments have not consistently grown over the past decade and have not remained stable.
Get more data about Mercury General dividend yield and history here.
MCY Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your MCY purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, place a limit order.
Hit the Open Trade button and eToro will execute your order.
If you require additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in MCY
Now that you own some shares in MCY, you'll want to stay up-to-date on your investment.
Start a watchlist to keep tabs on your MCY stock.
MCY Feed
How to Buy Stock in Mercury General
To summarize, here are the 6 steps you need to take to buy Mercury General stock right now:
- Figure out where to buy Mercury General stock
- Open your brokerage account
- Deposit money your investment account
- Research Mercury General stock
- Place your MCY purchase
- Get key alerts regarding your investment in MCY
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your new investment in Mercury General, create your watchlist below.
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