Analysts Expect State Auto Financial Corp (STFC) to Announce $0.31 EPS
Equities research analysts predict that State Auto Financial Corp (NASDAQ:STFC) will announce $0.31 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for State Auto Financial’s earnings. State Auto Financial reported earnings per share of ($0.22) in the same quarter last year, which would indicate a positive year over year growth rate of 240.9%. The company is expected to issue its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that State Auto Financial will report full year earnings of $1.45 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $1.90 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that follow State Auto Financial.
State Auto Financial (NASDAQ:STFC) last announced its earnings results on Tuesday, February 20th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.07). State Auto Financial had a negative return on equity of 1.85% and a negative net margin of 0.75%. The business had revenue of $362.90 million for the quarter, compared to analyst estimates of $289.70 million. During the same period last year, the firm earned $0.46 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year.
Shares of State Auto Financial stock opened at $30.19 on Monday. State Auto Financial has a one year low of $22.11 and a one year high of $30.85. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1,289.87, a price-to-earnings ratio of -116.11 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Tuesday, March 13th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 12th. This represents a $0.40 annualized dividend and a yield of 1.32%. State Auto Financial’s dividend payout ratio (DPR) is presently -153.84%.
In other news, insider Steven Eugene English sold 10,834 shares of State Auto Financial stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.83, for a total transaction of $301,510.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Melissa A. Centers sold 1,067 shares of State Auto Financial stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $27.62, for a total value of $29,470.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,691 shares of company stock worth $352,777. 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 STFC. Victory Capital Management Inc. purchased a new position in shares of State Auto Financial during the 4th quarter worth $3,748,000. Wells Fargo & Company MN raised its holdings in shares of State Auto Financial by 30.5% during the 4th quarter. Wells Fargo & Company MN now owns 149,735 shares of the insurance provider’s stock worth $4,359,000 after acquiring an additional 34,959 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of State Auto Financial by 21.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 191,476 shares of the insurance provider’s stock worth $5,022,000 after acquiring an additional 34,217 shares during the period. Huntington National Bank purchased a new position in shares of State Auto Financial during the 4th quarter worth $712,000. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of State Auto Financial by 5.6% during the 4th quarter. Deprince Race & Zollo Inc. now owns 454,587 shares of the insurance provider’s stock worth $13,238,000 after acquiring an additional 24,246 shares during the period. Institutional investors and hedge funds own 34.67% of the company’s stock.
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About State Auto Financial
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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