NEW YORK ( TheStreet) -- Mercury General Corporation (NYSE: MCY) hit a new 52-week high Thursday as it is currently trading at $45.09, above its previous 52-week high of $45.08 with 303,579 shares traded as of 3:20 p.m. ET. Average volume has been 262,300 shares over the past 30 days.

Mercury General has a market cap of $2.3 billion and is part of the financial sector and insurance industry. Shares are up 0.1% year to date as of the close of trading on Wednesday.

Mercury General Corporation, together with its subsidiaries, engages in writing private passenger and commercial automobile insurance in the United States. The company also writes homeowners, mechanical breakdown, fire, umbrella, and commercial automobile and property insurance. The company has a P/E ratio of 12.2, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
  • Practice your MCY trading strategies and win cash in our stock game.

TheStreet Ratings rates Mercury General as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Mercury General Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Chesapeake Energy, Priceline, Schlumberger, ZELTIQ : 'Mad Money' Lightning Round

Chesapeake Energy, Priceline, Schlumberger, ZELTIQ : 'Mad Money' Lightning Round

Why These Market Gains Are More Powerful Than Trump: Cramer's 'Mad Money' Recap (Monday 2/13/17)

Why These Market Gains Are More Powerful Than Trump: Cramer's 'Mad Money' Recap (Monday 2/13/17)

3 Buy-Rated Dividend Stocks To Check Out: CHSP, MCY, SEP

3 Buy-Rated Dividend Stocks To Check Out: CHSP, MCY, SEP

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: MSP, ARDC, MCY

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: MSP, ARDC, MCY

Analysts' Actions -- Boeing, Joy Global, Salesforce, Microsoft and More

Analysts' Actions -- Boeing, Joy Global, Salesforce, Microsoft and More