MERCURY GENERAL CORP
At today's price, MERCURY GENERAL CORP (MCY) is priced for 15.3% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Mercury General is a California-concentrated personal-lines insurer that just walked back from the edge. The 2025 Palisades and Eaton wildfires drove a brutal stretch, but Q1 2026 swung to net income of $190.4 million from a $108.3 million loss a year earlier, and the combined ratio improved to 89.3% from 119.2%. At about $103 the shares trade roughly at or modestly above book, and the valuation models lean clearly to the value side. Asset-based, earnings-power, and relative-multiple frames all
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296 institutional managers reported holding MCY in 13F filings for the quarter ended 2026-03-31. Together they hold about 47% of the company; the top 10 hold 30%. 37 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 1.4M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (5.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
MCY's share count is about flat over the past five years. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $1.27 a share annually. Cash returned over the past three years: $193.42M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at MCY over the trailing three years: 2023: 1 buy totaling $7k; 2025: 4 buys totaling $1.05M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
MCY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | -5.3% | -9.1% |
| 2023-11-01 | +23.8% | -1.2% |
| 2024-02-14 | +6.2% | +21.4% |
| 2024-05-01 | +2.2% | -2.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
MCY's latest 8-K filings: 2026-06-24 (items 1.01, 1.02, 2.03, 9.01); 2026-06-12 (items 1.01, 2.03, 8.01, 9.01); 2026-06-09 (items 8.01); 2026-05-14 (items 5.07, 9.01); 2026-05-05 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.