Equities research analysts expect State Auto Financial Corporation (NASDAQ:STFC) to report earnings per share of $0.47 for the current quarter, Zacks reports. Zero analysts have made estimates for State Auto Financial’s earnings. State Auto Financial posted earnings of $0.46 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.2%. The business is expected to report its next quarterly earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that State Auto Financial will report full-year earnings of ($0.32) per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $1.50 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover State Auto Financial.
State Auto Financial (NASDAQ:STFC) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.08). The business had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $342.70 million. State Auto Financial had a net margin of 1.94% and a negative return on equity of 1.53%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS.
STFC has been the subject of a number of research analyst reports. BidaskClub upgraded State Auto Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday. Zacks Investment Research upgraded State Auto Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 target price on shares of State Auto Financial in a research note on Friday, August 18th. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. State Auto Financial presently has an average rating of “Buy” and a consensus price target of $26.00.
Shares of State Auto Financial (NASDAQ STFC) remained flat at $$28.85 during midday trading on Thursday. 20,737 shares of the company traded hands, compared to its average volume of 33,158. State Auto Financial has a 52-week low of $22.11 and a 52-week high of $29.61. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.14.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, December 7th. State Auto Financial’s payout ratio is presently 61.54%.
In other State Auto Financial news, insider John M. Petrucci sold 10,682 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $27.84, for a total value of $297,386.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew Stanley Mrozek sold 3,380 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $27.85, for a total value of $94,133.00. Following the completion of the transaction, the vice president now directly owns 8,633 shares in the company, valued at approximately $240,429.05. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STFC. Vanguard Group Inc. grew its holdings in shares of State Auto Financial by 7.9% during the first quarter. Vanguard Group Inc. now owns 1,183,622 shares of the insurance provider’s stock worth $32,490,000 after buying an additional 86,567 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of State Auto Financial by 4.6% during the first quarter. Geode Capital Management LLC now owns 135,538 shares of the insurance provider’s stock worth $3,720,000 after buying an additional 5,962 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of State Auto Financial by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 59,759 shares of the insurance provider’s stock worth $1,641,000 after buying an additional 2,907 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of State Auto Financial by 40.2% during the second quarter. Russell Investments Group Ltd. now owns 157,259 shares of the insurance provider’s stock worth $4,046,000 after buying an additional 45,084 shares in the last quarter. Finally, Great West Life Assurance Co. Can bought a new position in shares of State Auto Financial during the second quarter worth about $126,000. 33.10% of the stock is currently owned by institutional investors.
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State Auto Financial Company Profile
State Auto Financial Corporation is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include Personal Insurance Segment, Commercial Insurance Segment and Specialty Insurance Segment. Its Personal Insurance Segment include personal auto, homeowners and other personal; Commercial Insurance Segment include commercial auto, small commercial package, middle market commercial, workers’ compensation and other commercial, and Specialty Insurance Segment include Excess & Surplus (E&S) property, E&S casualty and programs.
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