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MCY

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AcronymDefinition
MCYSunshine Coast, Queensland, Australia - Maroochydore (Airport Code)


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Mercury General Corporation (NYSE:MCY): A recent price pullback seems to have been precipitated by hurricane losses announced by MCY in Florida.
In 1996, MCY acquired American Fidelity Insurance group, allowing it to add customers from Oklahoma and Texas.
At a recent price of $46, MCY is historically undervalued with a downside risk of only 4% to a low price of $44 and high yield of 3.
 
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