5 Financial Services Dividend Champions to Buy Now

2. Mercury General Corporation (NYSE: MCY)

Number of Hedge Fund Holders: 14
Dividend Yield: 4.32%
Number of Years of Consistent Dividend Increases: 33

Mercury General Corporation (NYSE: MCY) writes personal automobile insurance in the US alongside homeowners, commercial automobile, commercial property, and other insurance. The company ranks 2nd on our list of dividend champions to buy now.

In the second quarter of 2021, Mercury General Corporation (NYSE: MCY) had an EPS of $1.13, beating estimates by $0.03. The company’s revenue was $957.34 million, up 16.90% year over year and beating estimates by $134.34 million. Mercury General Corporation (NYSE: MCY) has gained 16.23% year to date and 32.91% in the past year.

By the end of the second quarter of 2021, 14 hedge funds out of the 873 tracked by Insider Monkey held stakes in Mercury General Corporation (NYSE: MCY) worth roughly $175 million. This is compared to 20 hedge funds in the previous quarter with a total stake value of approximately $178 million.