State Auto Financial (NASDAQ:STFC) issued its quarterly earnings data on Thursday. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.17, MarketWatch Earnings reports. The firm had revenue of $346.00 million during the quarter, compared to analysts’ expectations of $325.60 million. State Auto Financial had a negative return on equity of 0.25% and a negative net margin of 0.82%. State Auto Financial’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.54) earnings per share.
Shares of NASDAQ STFC traded down $0.14 during trading on Friday, reaching $32.82. The company had a trading volume of 362 shares, compared to its average volume of 26,004. State Auto Financial has a twelve month low of $24.84 and a twelve month high of $34.31. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -82.18 and a beta of 0.67. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.14.
Several equities analysts recently issued reports on the company. BidaskClub cut State Auto Financial from a “buy” rating to a “hold” rating in a report on Friday, October 19th. Zacks Investment Research raised State Auto Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, September 13th. Finally, Keefe, Bruyette & Woods set a $30.00 price target on State Auto Financial and gave the stock a “hold” rating in a report on Monday, August 6th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Earnest Partners LLC raised its holdings in shares of State Auto Financial by 0.3% in the second quarter. Earnest Partners LLC now owns 774,130 shares of the insurance provider’s stock worth $23,154,000 after acquiring an additional 2,158 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of State Auto Financial by 60.2% in the first quarter. Legal & General Group Plc now owns 6,913 shares of the insurance provider’s stock worth $197,000 after acquiring an additional 2,599 shares during the last quarter. Comerica Bank raised its holdings in shares of State Auto Financial by 8.7% in the third quarter. Comerica Bank now owns 39,744 shares of the insurance provider’s stock worth $1,193,000 after acquiring an additional 3,181 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of State Auto Financial by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 121,616 shares of the insurance provider’s stock worth $3,638,000 after acquiring an additional 3,239 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of State Auto Financial in the second quarter worth $101,000. 35.31% of the stock is owned by institutional investors.
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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