State Auto Financial Corp (NASDAQ:STFC) – Investment analysts at Langen Mcalenn boosted their Q1 2018 earnings per share estimates for State Auto Financial in a research note issued on Friday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $0.31 per share for the quarter, up from their previous estimate of $0.27. Langen Mcalenn also issued estimates for State Auto Financial’s FY2018 earnings at $1.45 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.47 EPS, Q4 2019 earnings at $0.85 EPS and FY2019 earnings at $1.90 EPS.
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 Zacks’ consensus estimate of $0.47 by ($0.07). State Auto Financial had a negative return on equity of 1.83% 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 quarter in the previous year, the company earned $0.46 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis.
State Auto Financial (NASDAQ:STFC) opened at $27.83 on Monday. State Auto Financial has a 52-week low of $22.11 and a 52-week high of $30.85. The stock has a market cap of $1,185.08, a P/E ratio of -107.03 and a beta of 0.85. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.14.
Several hedge funds and other institutional investors have recently bought and sold shares of STFC. Victory Capital Management Inc. acquired a new stake in shares of State Auto Financial during the 4th quarter worth approximately $3,748,000. Vanguard Group Inc. lifted its stake in State Auto Financial by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,252,287 shares of the insurance provider’s stock valued at $32,222,000 after purchasing an additional 68,665 shares during the last quarter. Deprince Race & Zollo Inc. lifted its stake in State Auto Financial by 15.1% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 430,341 shares of the insurance provider’s stock valued at $11,288,000 after purchasing an additional 56,554 shares during the last quarter. Wells Fargo & Company MN lifted its stake in State Auto Financial by 30.5% in the 4th quarter. Wells Fargo & Company MN now owns 149,735 shares of the insurance provider’s stock valued at $4,359,000 after purchasing an additional 34,959 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in State Auto Financial by 21.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 191,476 shares of the insurance provider’s stock valued at $5,022,000 after purchasing an additional 34,217 shares during the last quarter. Institutional investors and hedge funds own 33.78% of the company’s stock.
In related news, insider John M. Petrucci sold 10,682 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $27.84, for a total transaction of $297,386.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Melissa A. Centers sold 1,067 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $27.62, for a total transaction of $29,470.54. The disclosure for this sale can be found here. Insiders have sold a total of 15,129 shares of company stock worth $420,990 in the last quarter. 1.54% of the stock is currently owned by company insiders.
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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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