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 analysts have 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 raised shares of State Auto Financial Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.00.

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

Shares of State Auto Financial Corp. (NASDAQ:STFC) opened at 23.18 on Friday. The stock has a market cap 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’s 50-day moving average is $23.33 and its 200 day moving average is $22.04.

State Auto Financial Corp. (NASDAQ:STFC) last released its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.51. The company had revenue of $345.60 million for the quarter, compared to the consensus estimate of $332.60 million. State Auto Financial Corp. had a net margin of 0.16% and a negative return on equity of 1.42%. State Auto Financial Corp.’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC increased its stake in 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 during the period. BlackRock Advisors LLC increased 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 valued at $176,000 after buying an additional 640 shares during the period. Vanguard Group Inc. increased 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 valued at $22,021,000 after buying an additional 35,122 shares during the period. Prudential Financial Inc. increased 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 valued at $2,493,000 after buying an additional 1,700 shares during the period. Finally, Dimensional Fund Advisors LP increased 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 valued at $53,533,000 after buying an additional 34,960 shares during the period. 30.34% of the stock is owned by institutional investors.

In other State Auto Financial Corp. news, insider Kim Burton Garland bought 6,356 shares of State Auto Financial Corp. stock in a transaction on Friday, September 2nd. The stock was bought at an average price of $23.63 per share, with a total value of $150,192.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.56% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 14th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Monday, September 12th. State Auto Financial Corp.’s dividend payout ratio is presently 800.00%.

About State Auto Financial Corp.

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.

5 Day Chart for NASDAQ:STFC

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