Mercury General Corporation (NYSE:MCY) traded at a new 52-week high today of $63.95. So far today approximately 176,000 shares have been exchanged, as compared to an average 30-day volume of 265,000 shares.
Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, most of its business–about 75% of premiums–comes from California, where it was established by George Joseph, the current company chairman and majority owner. Its insurance is distributed exclusively through independent agents.
In the past 52 weeks, Mercury General Corporation share prices are bracketed by a low of $33.45 and a high of $63.95 and is now at $63.94, 91% above that low price.
Based on a current price of $63.94, Mercury General Corporation is currently 1.4% above its average consensus analyst price target of $63.05.
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