Mercury General Corporation MCY was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $43.74 to $45.27 in the past one month time frame.
The move came after the company reported better-than-expected second-quarter 2018 results.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Mercury General currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Mercury General Corporation Price
Mercury General Corporation Price | Mercury General Corporation Quote
Investors interested in the Insurance – Property and Casualty industry may consider NMI Holdings Inc.NMIH, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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