State Auto Financial (NASDAQ:STFC) issued its quarterly earnings results on Tuesday. The insurance provider reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.93), Bloomberg Earnings reports. 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 1.53% and a net margin of 1.94%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share.
State Auto Financial (NASDAQ STFC) opened at $29.22 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.14. State Auto Financial has a 12-month low of $22.11 and a 12-month high of $30.85.
In related news, insider John M. Petrucci sold 10,682 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $27.84, for a total value of $297,386.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Matthew Stanley Mrozek sold 3,380 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $27.85, for a total value of $94,133.00. Following the completion of the transaction, the vice president now directly owns 8,633 shares in the company, valued at $240,429.05. The disclosure for this sale can be found here. Corporate insiders own 1.54% of the company’s stock.
A number of equities analysts have recently issued reports on STFC shares. Zacks Investment Research raised State Auto Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub raised State Auto Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.50.
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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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