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MCY Mercury General

Mercury General Corp. operates as a broker and agency writer of automobile insurance. The firm engages in writing personal automobile insurance and provides related property and casualty insurance products to its customers. Its insurance products include private passenger automobile and related insurance products such as homeowners, commercial automobile and commercial property. The company was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.

MCY stock data

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Calendar

4 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 338.43M 338.43M 338.43M 338.43M 338.43M 338.43M
Cash burn (monthly) 3.35M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 13.09M n/a n/a n/a n/a n/a
Cash remaining 325.34M n/a n/a n/a n/a n/a
Runway (months of cash) 97.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Theodore R Stalick Common Stock Gift Dispose G No No 61.57 230 14.16K 4,174
12 Mar 21 Heidi C. Sullivan Common Stock Option exercise Dispose M No No 63.48 5,000 317.4K 1,076
12 Mar 21 Heidi C. Sullivan Common Stock Option exercise Aquire M No No 43.01 5,000 215.05K 6,076
12 Mar 21 Heidi C. Sullivan Common Stock Common Stock Sell Dispose S No No 43.01 5,000 215.05K 5,000
11 Mar 21 George Joseph Common Stock Sell Dispose S No No 65.0589 34,000 2.21M 19,567,934
11 Mar 21 Tirador Gabriel Common Stock Payment of exercise Dispose F No No 65.2 30,207 1.97M 48,887
11 Mar 21 Tirador Gabriel Common Stock Option exercise Aquire M No No 43.01 37,500 1.61M 79,094
11 Mar 21 Tirador Gabriel Common Stock Common Stock Option exercise Dispose M No No 43.01 37,500 1.61M 12,500
10 Mar 21 George Joseph Common Stock Sell Dispose S No No 65.82 11,000 724.02K 19,601,934
19 Feb 21 Theodore R Stalick Common Stock Common Stock Option exercise Dispose M No No 43.01 5,000 215.05K 2,500

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

38.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 267 228 +17.1%
Opened positions 60 45 +33.3%
Closed positions 21 39 -46.2%
Increased positions 84 79 +6.3%
Reduced positions 81 77 +5.2%
13F shares
Current Prev Q Change
Total value 1.3B 1.61B -19.4%
Total shares 21.39M 22.05M -3.0%
Total puts 34.2K 55.4K -38.3%
Total calls 81.3K 113.7K -28.5%
Total put/call ratio 0.4 0.5 -13.7%
Largest owners
Shares Value Change
Vanguard 2.62M $159.62M +3.4%
BLK Blackrock 2.46M $149.47M +8.6%
Renaissance Technologies 1.7M $103.09M -15.2%
Dimensional Fund Advisors 1.52M $92.57M +1.1%
IVZ Invesco 1.09M $66.45M -16.9%
STT State Street 881.87K $53.63M -20.6%
GS Goldman Sachs 712.54K $43.33M +1.5%
BK Bank Of New York Mellon 582.6K $35.43M +0.2%
WFC Wells Fargo & Co. 479.14K $29.14M +47.1%
Absher Wealth Management 445.27K $27.08M -15.5%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -509.12K EXIT
WHG Westwood 30.15K -366.94K -92.4%
Y Alleghany 336.7K +336.7K NEW
Assenagon Asset Management 323K +323K NEW
Renaissance Technologies 1.7M -303.2K -15.2%
STT State Street 881.87K -228.96K -20.6%
Jupiter Asset Management 0 -224.38K EXIT
IVZ Invesco 1.09M -222.43K -16.9%
BLK Blackrock 2.46M +193.62K +8.6%
HighTower Advisors 227.85K -173.36K -43.2%

Financial report summary

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Competition
National General
Management Discussion
  • Net premiums earned and net premiums written for the three months ended March 31, 2021 decreased 0.7% and 0.4%, respectively, from the corresponding period in 2020. The decrease in net premiums earned and net premiums written was primarily due to a decrease in the number of private passenger automobile policies written, combined with lower average premiums per policy in the private passenger automobile line of insurance business arising from a decrease in average mileage driven associated with reduced driving during the COVID-19 pandemic, partially offset by higher average premiums per policy arising from rate increases in the California homeowners line of insurance business and growth in the number of homeowners policies written.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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