6,056 Shares in Mercury General Co. (NYSE:MCY) Bought by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC bought a new stake in shares of Mercury General Co. (NYSE:MCY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,056 shares of the insurance provider’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Mercury General by 2.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,660 shares of the insurance provider’s stock valued at $832,000 after acquiring an additional 396 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Mercury General during the second quarter valued at approximately $299,000. Handelsbanken Fonder AB bought a new position in shares of Mercury General in the third quarter valued at approximately $205,000. CWM LLC lifted its stake in shares of Mercury General by 115.8% in the third quarter. CWM LLC now owns 1,215 shares of the insurance provider’s stock worth $77,000 after buying an additional 652 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Mercury General by 99.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 27,187 shares of the insurance provider’s stock worth $1,712,000 after buying an additional 13,589 shares during the period. Institutional investors and hedge funds own 42.39% of the company’s stock.

Insider Transactions at Mercury General

In other news, VP Heidi C. Sullivan sold 1,076 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $77.28, for a total transaction of $83,153.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 35.50% of the company’s stock.

Mercury General Price Performance

Shares of NYSE:MCY opened at $51.03 on Friday. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 5.06 and a beta of 0.85. The business has a 50 day moving average price of $61.90 and a 200 day moving average price of $63.90. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.31. Mercury General Co. has a twelve month low of $38.47 and a twelve month high of $80.72.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Mercury General from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 26th.

Mercury General Company Profile

Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States. The company also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance products. Its automobile insurance products include collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards; and homeowners insurance products comprise dwelling, liability, personal property, and other coverages.