State Auto Financial Corp (NASDAQ:STFC) – Analysts at Langen Mcalenn increased their FY2018 earnings estimates for State Auto Financial in a research note issued on Tuesday, November 6th. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $1.15 for the year, up from their prior forecast of $1.10. Langen Mcalenn also issued estimates for State Auto Financial’s FY2019 earnings at $1.85 EPS.
STFC has been the topic of several other reports. BidaskClub raised shares of State Auto Financial from a “hold” rating to a “buy” rating in a research note on Saturday, November 3rd. Zacks Investment Research raised shares of State Auto Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 13th. Finally, Keefe, Bruyette & Woods set a $30.00 price target on shares of State Auto Financial and gave the company a “hold” rating in a research note on Monday, August 6th.
State Auto Financial (NASDAQ:STFC) last released its quarterly earnings results on Thursday, November 1st. The insurance provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.17. State Auto Financial had a net margin of 2.29% and a return on equity of 4.62%. The business had revenue of $346.00 million for the quarter, compared to analysts’ expectations of $325.60 million. During the same period in the prior year, the firm earned ($0.54) earnings per share. State Auto Financial’s revenue was down 3.5% compared to the same quarter last year.
In other State Auto Financial news, insider Steven Eugene English sold 3,633 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $34.00, for a total value of $123,522.00. Following the transaction, the insider now directly owns 39,148 shares of the company’s stock, valued at $1,331,032. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.54% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in STFC. SG Americas Securities LLC acquired a new stake in shares of State Auto Financial during the second quarter worth $101,000. Lincoln National Corp acquired a new stake in shares of State Auto Financial during the second quarter worth $205,000. Legal & General Group Plc raised its holdings in shares of State Auto Financial by 60.2% during 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 period. Keybank National Association OH raised its holdings in shares of State Auto Financial by 30.9% during the second quarter. Keybank National Association OH now owns 21,475 shares of the insurance provider’s stock worth $642,000 after acquiring an additional 5,075 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of State Auto Financial by 192.2% during the second quarter. California Public Employees Retirement System now owns 22,788 shares of the insurance provider’s stock worth $682,000 after acquiring an additional 14,988 shares during the period. 35.32% of the stock is currently owned by hedge funds and other institutional investors.
About State Auto Financial
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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