State Auto Financial Corporation (STFC) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS
State Auto Financial Corporation (NASDAQ:STFC) issued its earnings results on Thursday. The insurance provider reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.08), Bloomberg Earnings reports. State Auto Financial Corporation had a return on equity of 1.46% and a net margin of 3.33%. The firm had revenue of $358.40 million during the quarter, compared to analysts’ expectations of $342.70 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year.
Several research analysts recently commented on STFC shares. Zacks Investment Research raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub cut shares of State Auto Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. ValuEngine upgraded shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of State Auto Financial Corporation in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. State Auto Financial Corporation has an average rating of “Hold” and an average target price of $26.00.
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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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