Mercury General (NYSE:MCY) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Shares of Mercury General Corporation (NYSE:MCY - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $83.84 and traded as high as $95.61. Mercury General shares last traded at $92.4150, with a volume of 230,226 shares changing hands.Get Mercury General alerts:Analysts Set New Price TargetsSeveral equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Mercury General in a research note on Thursday, January 22nd. Zacks Research lowered shares of Mercury General from a "strong-buy" rating to a "hold" rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mercury General currently has an average rating of "Buy" and an average price target of $100.00.View Our Latest Analysis on MCYMercury General Trading Down 2.9%The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 11.65 and a beta of 0.94. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $90.99 and a 200-day moving average price of $83.84. Institutional Investors Weigh In On Mercury GeneralLarge investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Mercury General by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,079,735 shares of the insurance provider's stock worth $176,311,000 after buying an additional 9,278 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Mercury General by 12.8% during the second quarter. Rubric Capital Management LP now owns 2,054,504 shares of the insurance provider's stock worth $138,350,000 after acquiring an additional 232,721 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Mercury General by 1.9% during the second quarter. Geode Capital Management LLC now owns 666,783 shares of the insurance provider's stock worth $44,907,000 after acquiring an additional 12,728 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Mercury General by 22.9% in the third quarter. American Century Companies Inc. now owns 578,671 shares of the insurance provider's stock worth $49,060,000 after acquiring an additional 107,766 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in Mercury General by 14.0% in the second quarter. Westwood Holdings Group Inc. now owns 560,670 shares of the insurance provider's stock valued at $37,756,000 after purchasing an additional 68,983 shares during the last quarter. 42.39% of the stock is owned by institutional investors and hedge funds. About Mercury General (Get Free Report)Mercury General Corporation is a holding company headquartered in Los Angeles, California, that underwrites and markets property and casualty insurance products through its principal subsidiary, Mercury Insurance Company. Established in 1961, the company has built a reputation for offering a broad range of personal and commercial lines, with a focus on automobile coverage. Mercury General operates in key U.S. markets, deploying a mix of independent agents and direct distribution channels to serve policyholders. The company's product portfolio includes personal automobile insurance, homeowners and renters policies, as well as commercial automobile, business liability and umbrella insurance.Featured StoriesFive stocks we like better than Mercury GeneralThe buying spree that no one is talking aboutHow to collect $500-$800 weekly (BlackRock's system)Trump’s AI Secret: 100X Faster Than NvidiaNEW LAW: Congress Approves Setup For Digital Dollar?Your Bank Account Is No Longer SafeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mercury General Right Now?Before you consider Mercury General, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mercury General wasn't on the list.While Mercury General currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here