State Auto Financial Corporation (NASDAQ:STFC) Posts Earnings Results, Beats Expectations By $0.12 EPS

State Auto Financial Corporation (NASDAQ:STFC) posted its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.12, Bloomberg Earnings reports. State Auto Financial Corporation had a net margin of 3.33% and a return on equity of 1.46%. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $341.30 million. During the same quarter in the prior year, the company posted ($0.69) EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.

State Auto Financial Corporation (NASDAQ:STFC) opened at 24.95 on Friday. State Auto Financial Corporation has a 52 week low of $19.54 and a 52 week high of $27.97. The company has a 50-day moving average price of $25.08 and a 200-day moving average price of $25.84. The stock has a market cap of $1.05 billion, a PE ratio of 22.50 and a beta of 0.90.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, September 12th. State Auto Financial Corporation’s payout ratio is currently 35.71%.

In other State Auto Financial Corporation news, insider Jessica Elizabeth Clark sold 37,270 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $24.51, for a total value of $913,487.70. Following the completion of the sale, the insider now directly owns 20,922 shares in the company, valued at $512,798.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 65,569 shares of company stock valued at $1,606,555 in the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in State Auto Financial Corporation by 4.6% in the first quarter. Geode Capital Management LLC now owns 135,538 shares of the insurance provider’s stock valued at $3,720,000 after buying an additional 5,962 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of State Auto Financial Corporation by 7.9% in the first quarter. Vanguard Group Inc. now owns 1,183,622 shares of the insurance provider’s stock valued at $32,490,000 after buying an additional 86,567 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of State Auto Financial Corporation by 149.8% in the first quarter. Thrivent Financial For Lutherans now owns 326,990 shares of the insurance provider’s stock valued at $8,976,000 after buying an additional 196,110 shares during the period. Wellington Management Group LLP bought a new position in shares of State Auto Financial Corporation during the first quarter valued at approximately $8,245,000. Finally, Alliancebernstein L.P. boosted its position in shares of State Auto Financial Corporation by 5.4% in the first quarter. Alliancebernstein L.P. now owns 434,163 shares of the insurance provider’s stock valued at $11,918,000 after buying an additional 22,430 shares during the period. 32.39% of the stock is owned by institutional investors.

A number of analysts recently issued reports on STFC shares. Zacks Investment Research cut State Auto Financial Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. TheStreet cut State Auto Financial Corporation from a “b” rating to a “c+” rating in a research note on Monday, May 22nd. ValuEngine upgraded State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut State Auto Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 price objective on shares of State Auto Financial Corporation in a research note on Friday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. State Auto Financial Corporation presently has an average rating of “Hold” and an average price target of $26.00.

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State Auto Financial Corporation 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.

Earnings History for State Auto Financial Corporation (NASDAQ:STFC)

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