State Auto Financial Corporation Announces Quarterly Dividend of $0.10 (STFC)
State Auto Financial Corporation (NASDAQ:STFC) announced a quarterly dividend on Monday, August 14th, Wall Street Journal reports. Shareholders of record on Wednesday, September 13th will be paid a dividend of 0.10 per share by the insurance provider on Friday, September 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, September 12th.
State Auto Financial Corporation (NASDAQ:STFC) traded up 3.60% during mid-day trading on Monday, hitting $25.34. The company had a trading volume of 29,957 shares. The firm’s 50 day moving average is $25.12 and its 200 day moving average is $25.86. State Auto Financial Corporation has a 52 week low of $19.54 and a 52 week high of $27.97. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 22.85 and a beta of 0.90.
State Auto Financial Corporation (NASDAQ:STFC) last released its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.12. The firm had revenue of $339.90 million for the quarter, compared to the consensus estimate of $341.30 million. State Auto Financial Corporation had a return on equity of 1.46% and a net margin of 3.33%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business posted ($0.69) EPS. On average, equities research analysts predict that State Auto Financial Corporation will post $0.39 EPS for the current year.
In related news, insider Jessica Elizabeth Clark sold 9,841 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $24.38, for a total value of $239,923.58. Following the transaction, the insider now directly owns 12,072 shares of the company’s stock, valued at approximately $294,315.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 65,569 shares of company stock worth $1,606,555. 1.54% of the stock is owned by insiders.
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STFC has been the topic of a number of recent research reports. Zacks Investment Research cut State Auto Financial Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. BidaskClub cut State Auto Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. ValuEngine raised State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, TheStreet cut State Auto Financial Corporation from a “b” rating to a “c+” rating in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has an average rating of “Hold”.
About State Auto Financial Corporation
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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