State Auto Financial Corporation (NASDAQ:STFC) – Equities researchers at Langen Mcalenn decreased their Q2 2017 earnings per share (EPS) estimates for shares of State Auto Financial Corporation in a note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn ($0.16) per share for the quarter, down from their previous estimate of ($0.03).
Several other research analysts have also recently issued reports on STFC. Zacks Investment Research upgraded State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded State Auto Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. TheStreet cut State Auto Financial Corporation from a “b” rating to a “c+” rating in a research report on Monday, May 22nd. Finally, ValuEngine raised State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. State Auto Financial Corporation currently has an average rating of “Hold”.
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Shares of State Auto Financial Corporation (STFC) opened at 24.99 on Friday. State Auto Financial Corporation has a 52 week low of $19.54 and a 52 week high of $27.97. The firm has a market cap of $1.05 billion, a PE ratio of 75.73 and a beta of 0.90. The firm’s 50-day moving average is $25.13 and its 200 day moving average is $26.12.
State Auto Financial Corporation (NASDAQ:STFC) last released its quarterly earnings results on Tuesday, May 2nd. The insurance provider reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.09. State Auto Financial Corporation had a net margin of 0.99% and a negative return on equity of 1.55%. The company had revenue of $344.30 million during the quarter, compared to analyst estimates of $346.20 million. During the same period in the prior year, the business posted $0.05 EPS. State Auto Financial Corporation’s revenue was up 1.5% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the stock. American International Group Inc. raised its stake in State Auto Financial Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock valued at $261,000 after buying an additional 635 shares during the period. Highbridge Capital Management LLC purchased a new stake in State Auto Financial Corporation during the fourth quarter valued at $390,000. Nationwide Fund Advisors raised its stake in State Auto Financial Corporation by 3.1% in the first quarter. Nationwide Fund Advisors now owns 14,509 shares of the insurance provider’s stock valued at $398,000 after buying an additional 435 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in State Auto Financial Corporation during the first quarter valued at $425,000. Finally, Comerica Bank raised its stake in State Auto Financial Corporation by 8.4% in the fourth quarter. Comerica Bank now owns 24,944 shares of the insurance provider’s stock valued at $643,000 after buying an additional 1,942 shares during the period. 32.35% of the stock is currently owned by institutional investors.
In other State Auto Financial Corporation news, insider Jessica Elizabeth Clark sold 37,270 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $24.51, for a total value of $913,487.70. Following the sale, the insider now owns 20,922 shares of the company’s stock, valued at $512,798.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 65,569 shares of company stock worth $1,606,555 in the last three months. 1.54% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, June 9th. State Auto Financial Corporation’s dividend payout ratio (DPR) is 125.00%.
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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