A Director at Mercury General Corp. (NYSE: MCY) is Selling Shares

By Carrie Williams

Today, a Director at Mercury General Corp. (NYSE: MCY), Mike Curtius, sold shares of MCY for $84.44K.

Following Mike Curtius’ last MCY Sell transaction on May 01, 2015, the stock climbed by 5.7%.

Based on Mercury General Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $825 million and quarterly net profit of $26.93 million. In comparison, last year the company earned revenue of $776 million and had a net profit of $15.27 million. The company has a one year high of $57.94 and a one year low of $42.97. MCY’s market cap is $3.16B and the company has a P/E ratio of 25.85.

The insider sentiment on Mercury General Corp. has been neutral according to 21 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Mercury General Corp. is a broker and agency writer of automobile insurance in California. It engages in writing personal automobile insurance through insurance subsidiaries. The company provides following types of coverage to the automobile policyholders: collision, property damage liability, bodily injury liability, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards. Mercury General was founded by George Joseph in 1961 and is headquartered in Los Angeles, CA.