Mercury General Stock Craters. Why the Insurer Is Bearing the Brunt of the L.A. Fires. - Barron's

1. MCY stock dropped 19% amid California wildfires and estimated $20 billion losses. 2. Mercury holds a 6.1% share in California homeowners insurance market. 3. Past fires resulted in $206 million gross losses for MCY. 4. Analyst cut earnings estimates for MCY to $0 from $1.60. 5. Analyst maintains Outperform rating, predicts $80 target price for MCY.