Added to YB: 2025-01-09
Pitch date: 2025-01-09
MCY [bearish]
Mercury General Corporation
+1.19%
current return
Author Info
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Company Info
Mercury General Corporation, together with its subsidiaries, engages in writing personal automobile insurance in the United States.
Market Cap
$2.7B
Pitch Price
$48.77
Price Target
N/A
Dividend
2.61%
Sector
Insurance
Category
N/A
Show full summary:
MCY at Risk: Insufficient Reinsurance Amid Catastrophic California Fire
MCY short: Last major CA fire insurer with $1.1B reinsurance. JP Morgan's $10B damage estimate low; could reach $100B. MCY's CA exposure high, may face severe losses beyond reinsurance. Potential for company to be 'toast' given catastrophic LA fire damage, worst since 1987 earthquake.
Read full article (1 min)