Mercury General is an insurance holding company. Through its insurance subsidiaries, Co. writes personal automobile insurance. Co. also writes homeowners, commercial automobile, commercial property, mechanical protection, and umbrella insurance. Co. provides the following types of automobile coverage: collision, property damage, bodily injury, comprehensive, personal injury protection, underinsured and uninsured motorist, and other hazards. Co. provides the following types of homeowners coverage: dwelling, liability, personal property, fire, and other hazards. Co. sells its policies through a network of independent agents, its insurance agencies, and directly through internet sales portals. We show 59 historical shares outstanding datapoints in our MCY shares outstanding history coverage, used to compute MCY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MCY market cap history over the course of time is important for investors
interested in comparing MCY's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MCY versus a peer is one thing; comparing
MCY market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MCY can fluctuate over the course of history.
With this page we aim to empower investors researching MCY by allowing them to research the MCY market cap history. |
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Video: The Importance of Market Cap
