Added to YB: 2025-04-08
Pitch date: 2025-02-18
MCY [bullish]
Mercury General Corporation
+81.3%
current return
Author Info
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Company Info
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States.
Market Cap
$4.9B
Pitch Price
$51.58
Price Target
97.00 (+4%)
Dividend
1.45%
EV/EBITDA
6.56
P/E
11.08
EV/Sales
0.72
Sector
Insurance
Category
value
Show full summary:
Mercury General Corporation - $MCY
MCY: CA P&C insurer, 80% upside. Jan '25 LA fires loss $3.29-$6.41/sh, manageable. CA market hardening, rate hikes approved. 4Q24 annualized EPS $8.26, '25E $8.50+. Catalysts: Eaton Fire subrogation, more rate hikes, earnings growth. Risk: Another major CA fire. PT $97, 10-12x '25E EPS.
Read full article (11 min)