State Auto Financial Corp (NASDAQ:STFC) – Equities research analysts at Langen Mcalenn lifted their FY2018 earnings per share (EPS) estimates for shares of State Auto Financial in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $1.70 per share for the year, up from their prior estimate of $1.50.
State Auto Financial (NASDAQ:STFC) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.08). The company had revenue of $358.40 million during 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 for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share.
Shares of State Auto Financial (NASDAQ:STFC) traded down $0.31 on Friday, reaching $28.67. 27,700 shares of the company were exchanged, compared to its average volume of 36,783. The stock has a market capitalization of $1,230.00, a P/E ratio of 45.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.08 and a quick ratio of 0.08. State Auto Financial has a 1-year low of $22.11 and a 1-year high of $30.85.
Several institutional investors have recently modified their holdings of STFC. Alliancebernstein L.P. grew its holdings in shares of State Auto Financial by 21.9% in the second quarter. Alliancebernstein L.P. now owns 529,239 shares of the insurance provider’s stock worth $13,617,000 after purchasing an additional 95,076 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of State Auto Financial by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,252,287 shares of the insurance provider’s stock worth $32,222,000 after purchasing an additional 68,665 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of State Auto Financial by 15.1% in the third quarter. Deprince Race & Zollo Inc. now owns 430,341 shares of the insurance provider’s stock worth $11,288,000 after purchasing an additional 56,554 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of State Auto Financial by 21.8% in the third quarter. Russell Investments Group Ltd. now owns 191,476 shares of the insurance provider’s stock worth $5,022,000 after purchasing an additional 34,217 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of State Auto Financial by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,542,424 shares of the insurance provider’s stock worth $65,418,000 after purchasing an additional 28,779 shares during the last quarter. Hedge funds and other institutional investors own 33.10% of the company’s stock.
In other news, insider John M. Petrucci sold 10,682 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $27.84, for a total value of $297,386.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Matthew Stanley Mrozek sold 3,380 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.85, for a total transaction of $94,133.00. Following the completion of the transaction, the vice president now owns 8,633 shares in the company, valued at approximately $240,429.05. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, December 7th. State Auto Financial’s dividend payout ratio (DPR) is presently 63.49%.
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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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