State Auto Financial Corp. (NASDAQ:STFC) – Analysts at Langen Mcalenn dropped their FY2016 earnings per share estimates for shares of State Auto Financial Corp. in a research note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the firm will post earnings per share of $0.44 for the year, down from their prior estimate of $0.45.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of State Auto Financial Corp. from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 6th. TheStreet upgraded shares of State Auto Financial Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.00.
State Auto Financial Corp. (NASDAQ:STFC) opened at 23.18 on Friday. The company has a market capitalization of $966.05 million, a P/E ratio of 437.36 and a beta of 0.70. State Auto Financial Corp. has a 52-week low of $17.84 and a 52-week high of $25.69. The firm has a 50-day moving average of $23.33 and a 200 day moving average of $22.04.
State Auto Financial Corp. (NASDAQ:STFC) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.51. State Auto Financial Corp. had a net margin of 0.16% and a negative return on equity of 1.42%. The business had revenue of $345.60 million for the quarter, compared to the consensus estimate of $332.60 million. During the same period last year, the firm earned $0.06 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis.
Large investors have recently made changes to their positions in the stock. BlackRock Investment Management LLC raised its stake in shares of State Auto Financial Corp. by 9.4% in the second quarter. BlackRock Investment Management LLC now owns 63,966 shares of the company’s stock worth $1,401,000 after buying an additional 5,481 shares in the last quarter. BlackRock Advisors LLC boosted its position in State Auto Financial Corp. by 8.7% in the second quarter. BlackRock Advisors LLC now owns 8,037 shares of the company’s stock worth $176,000 after buying an additional 640 shares during the last quarter. Vanguard Group Inc. boosted its position in State Auto Financial Corp. by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,005,084 shares of the company’s stock worth $22,021,000 after buying an additional 35,122 shares during the last quarter. Prudential Financial Inc. boosted its position in State Auto Financial Corp. by 1.5% in the second quarter. Prudential Financial Inc. now owns 113,769 shares of the company’s stock worth $2,493,000 after buying an additional 1,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in State Auto Financial Corp. by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,443,341 shares of the company’s stock worth $53,533,000 after buying an additional 34,960 shares during the last quarter. 30.34% of the stock is owned by hedge funds and other institutional investors.
In other State Auto Financial Corp. news, insider Kim Burton Garland bought 6,356 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was acquired at an average price of $23.63 per share, with a total value of $150,192.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.56% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, September 12th. State Auto Financial Corp.’s payout ratio is 800.00%.
State Auto Financial Corp. Company Profile
State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include personal insurance, business insurance, specialty insurance and investment operations. Its personal insurance, business insurance and specialty insurance are known as insurance segments of the Company.
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