Mercury General stock down 10% after dividend cut, Q2 U/W loss
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Mercury General stock down 10% after dividend cut, Q2 U/W loss

Jairo Ibarra
August 03, 2022
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Mercury General shares traded down 8% at $36.99 the morning after the company disclosed a dividend cut to $0.3175 per share from $0.6350 in the previous quarter.

Pressure on the Californian insurer’s stock mounted this morning after the company yesterday reported a Q2 11.7-point deterioration in its combined ratio to 106.6%.

Mercury

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Jairo Ibarra
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