Somewhat Favorable Press Coverage Somewhat Unlikely to Impact State Auto Financial (STFC) Stock Price
Media stories about State Auto Financial (NASDAQ:STFC) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. State Auto Financial earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 45.1123844338433 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages recently issued reports on STFC. Zacks Investment Research upgraded State Auto Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. BidaskClub cut State Auto Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. State Auto Financial has a consensus rating of “Hold” and an average target price of $26.00.
State Auto Financial (NASDAQ STFC) opened at $29.81 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.08 and a quick ratio of 0.08. State Auto Financial has a 52-week low of $22.11 and a 52-week high of $29.92.
State Auto Financial (NASDAQ:STFC) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.08). State Auto Financial had a negative return on equity of 1.53% and a net margin of 1.94%. The business had revenue of $358.40 million for the quarter, compared to analyst estimates of $342.70 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. equities analysts anticipate that State Auto Financial will post -0.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, December 7th. State Auto Financial’s payout ratio is 63.49%.
In other State Auto Financial news, VP Matthew Stanley Mrozek sold 3,380 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.85, for a total transaction of $94,133.00. Following the transaction, the vice president now owns 8,633 shares in the company, valued at approximately $240,429.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Petrucci sold 10,682 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $27.84, for a total value of $297,386.88. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.
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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