State Auto Financial Corporation (NASDAQ:STFC) – Equities research analysts at Langen Mcalenn reduced their Q3 2017 earnings estimates for shares of State Auto Financial Corporation in a report released on Wednesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will post earnings of ($0.72) per share for the quarter, down from their previous forecast of ($0.22). Langen Mcalenn also issued estimates for State Auto Financial Corporation’s FY2017 earnings at ($0.49) EPS.

Several other research firms have also issued reports on STFC. Zacks Investment Research raised State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub lowered State Auto Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. ValuEngine raised State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 price target on shares of State Auto Financial Corporation in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.00.

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State Auto Financial Corporation (NASDAQ:STFC) opened at 26.23 on Friday. The firm has a 50-day moving average price of $24.64 and a 200 day moving average price of $25.61. State Auto Financial Corporation has a 1-year low of $19.54 and a 1-year high of $27.97. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 23.65 and a beta of 0.90.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Tuesday, September 12th. State Auto Financial Corporation’s dividend payout ratio is currently 35.71%.

A number of hedge funds have recently bought and sold shares of STFC. Great West Life Assurance Co. Can acquired a new stake in State Auto Financial Corporation in the 2nd quarter valued at about $126,000. Voya Investment Management LLC raised its position in shares of State Auto Financial Corporation by 21.9% during the 2nd quarter. Voya Investment Management LLC now owns 9,076 shares of the insurance provider’s stock worth $234,000 after acquiring an additional 1,633 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of State Auto Financial Corporation during the 2nd quarter worth about $237,000. American International Group Inc. raised its position in shares of State Auto Financial Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 635 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of State Auto Financial Corporation by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,644 shares of the insurance provider’s stock worth $351,000 after acquiring an additional 839 shares in the last quarter. 32.85% of the stock is currently owned by institutional investors.

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.

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

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