Equities research analysts expect State Auto Financial Corp (NASDAQ:STFC) to report earnings of $0.47 per share for the current quarter, according to Zacks Investment Research. 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 firm is expected to report its next earnings report before the market opens on Tuesday, February 20th.
On average, analysts expect that State Auto Financial will report full year earnings of ($0.32) per share for the current year. For the next year, analysts expect that the company will post earnings of $1.70 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for State Auto Financial.
A number of analysts recently commented on STFC shares. BidaskClub raised State Auto Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded State Auto Financial from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a report on Saturday, January 20th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $29.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its holdings in State Auto Financial by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 9,076 shares of the insurance provider’s stock worth $234,000 after buying an additional 1,633 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of State Auto Financial during the 2nd quarter valued at about $237,000. The Manufacturers Life Insurance Company lifted its position in shares of State Auto Financial by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,644 shares of the insurance provider’s stock valued at $351,000 after buying an additional 839 shares in the last quarter. Huntington National Bank purchased a new position in shares of State Auto Financial during the 4th quarter valued at about $712,000. Finally, Teachers Advisors LLC lifted its position in shares of State Auto Financial by 14.2% during the 2nd quarter. Teachers Advisors LLC now owns 28,213 shares of the insurance provider’s stock valued at $726,000 after buying an additional 3,503 shares in the last quarter. Institutional investors own 33.49% of the company’s stock.
State Auto Financial (STFC) traded up $0.18 during trading hours on Tuesday, hitting $29.00. The stock had a trading volume of 34,300 shares, compared to its average volume of 34,947. The stock has a market capitalization of $1,218.12, a price-to-earnings ratio of 44.62 and a beta of 0.85. State Auto Financial has a 52-week low of $22.11 and a 52-week high of $30.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.08 and a current ratio of 0.08.
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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