State Auto Financial Co. (STFC) Expected to Post Earnings of $0.31 Per Share
Brokerages forecast that State Auto Financial Co. (NASDAQ:STFC) will report earnings per share (EPS) of $0.31 for the current quarter, Zacks reports. Zero analysts have issued estimates for State Auto Financial’s earnings. State Auto Financial posted earnings per share of ($0.22) in the same quarter last year, which indicates a positive year over year growth rate of 240.9%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, May 8th.
According to Zacks, analysts expect that State Auto Financial will report full year earnings of $1.45 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $1.90 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover State Auto Financial.
State Auto Financial (NASDAQ:STFC) last announced its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.07). The business had revenue of $362.90 million for the quarter, compared to analyst estimates of $289.70 million. State Auto Financial had a negative return on equity of 1.85% and a negative net margin of 0.75%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 earnings per share.
In other news, insider Kim Burton Garland purchased 9,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were acquired at an average price of $28.47 per share, with a total value of $256,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Eugene English sold 10,834 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $27.83, for a total value of $301,510.22. The disclosure for this sale can be found here. In the last three months, insiders sold 12,691 shares of company stock worth $352,777. Insiders own 1.54% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in State Auto Financial in the fourth quarter valued at about $3,748,000. Schwab Charles Investment Management Inc. increased its holdings in shares of State Auto Financial by 9.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 69,067 shares of the insurance provider’s stock worth $2,012,000 after acquiring an additional 6,008 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of State Auto Financial by 2.4% in the fourth quarter. Alliancebernstein L.P. now owns 559,443 shares of the insurance provider’s stock worth $16,291,000 after acquiring an additional 13,160 shares in the last quarter. BlackRock Inc. increased its holdings in shares of State Auto Financial by 1.3% in the fourth quarter. BlackRock Inc. now owns 1,045,379 shares of the insurance provider’s stock worth $30,442,000 after acquiring an additional 13,037 shares in the last quarter. Finally, Huntington National Bank bought a new stake in shares of State Auto Financial in the fourth quarter worth about $712,000. Institutional investors and hedge funds own 34.51% of the company’s stock.
STFC opened at $30.10 on Friday. State Auto Financial has a twelve month low of $22.11 and a twelve month high of $30.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.07 and a quick ratio of 0.07. The company has a market capitalization of $1,290.28, a P/E ratio of -75.25 and a beta of 0.84.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Tuesday, March 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Monday, March 12th. State Auto Financial’s dividend payout ratio is -100.00%.
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State Auto Financial Company Profile
State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.
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