Q1 2019 EPS Estimates for State Auto Financial Corp Reduced by Langen Mcalenn (STFC)

State Auto Financial Corp (NASDAQ:STFC) – Research analysts at Langen Mcalenn reduced their Q1 2019 earnings per share (EPS) estimates for State Auto Financial in a report released on Thursday, November 1st. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $0.31 per share for the quarter, down from their previous estimate of $0.33. Langen Mcalenn also issued estimates for State Auto Financial’s Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.45 EPS and Q4 2019 earnings at $0.91 EPS.

State Auto Financial (NASDAQ:STFC) last posted its earnings results on Thursday, November 1st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.17. The firm had revenue of $346.00 million during the quarter, compared to the consensus estimate of $325.60 million. State Auto Financial had a net margin of 2.29% and a return on equity of 4.63%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.54) EPS.

A number of other analysts also recently issued reports on STFC. Zacks Investment Research downgraded shares of State Auto Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 17th. BidaskClub raised shares of State Auto Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 24th. Finally, Keefe, Bruyette & Woods set a $30.00 target price on shares of State Auto Financial and gave the stock a “hold” rating in a research report on Monday, August 6th.

STFC opened at $33.62 on Monday. The company has a market cap of $1.44 billion, a P/E ratio of -84.05 and a beta of 0.63. State Auto Financial has a 1 year low of $25.12 and a 1 year high of $34.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.05 and a quick ratio of 0.05.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in State Auto Financial by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,580,393 shares of the insurance provider’s stock worth $77,183,000 after acquiring an additional 9,928 shares during the period. Victory Capital Management Inc. boosted its holdings in State Auto Financial by 22.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,339,122 shares of the insurance provider’s stock worth $40,896,000 after acquiring an additional 244,593 shares during the period. BlackRock Inc. boosted its holdings in State Auto Financial by 6.8% in the 2nd quarter. BlackRock Inc. now owns 1,111,049 shares of the insurance provider’s stock worth $33,232,000 after acquiring an additional 70,667 shares during the period. Earnest Partners LLC boosted its holdings in State Auto Financial by 0.3% in the 2nd 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 period. Finally, Deprince Race & Zollo Inc. boosted its holdings in State Auto Financial by 11.4% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 490,654 shares of the insurance provider’s stock worth $14,985,000 after acquiring an additional 50,057 shares during the period. 35.32% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Steven Eugene English sold 3,633 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $33.00, for a total transaction of $119,889.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.97% of the stock is currently owned by corporate insiders.

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

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