Q3 2017 Earnings Forecast for State Auto Financial Corporation Issued By Langen Mcalenn (STFC)

State Auto Financial Corporation (NASDAQ:STFC) – Analysts at Langen Mcalenn raised their Q3 2017 earnings per share estimates for State Auto Financial Corporation in a report released on Thursday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings per share of ($0.46) for the quarter, up from their previous estimate of ($0.72). Langen Mcalenn also issued estimates for State Auto Financial Corporation’s Q4 2017 earnings at $0.49 EPS, FY2017 earnings at ($0.23) EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.45 EPS and Q4 2018 earnings at $0.68 EPS.

State Auto Financial Corporation (NASDAQ:STFC) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.12. The business had revenue of $339.90 million for the quarter, compared to analyst estimates of $341.30 million. State Auto Financial Corporation had a return on equity of 1.46% and a net margin of 3.33%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.69) earnings per share.

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Other equities analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $26.00 price target on shares of State Auto Financial Corporation in a research report on Friday, August 18th. ValuEngine cut State Auto Financial Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Zacks Investment Research upgraded State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, BidaskClub upgraded State Auto Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.00.

State Auto Financial Corporation (NASDAQ:STFC) opened at 25.70 on Monday. State Auto Financial Corporation has a one year low of $19.54 and a one year high of $27.97. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 23.17 and a beta of 0.85. The stock has a 50 day moving average price of $24.94 and a 200-day moving average price of $25.42.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.56%. The ex-dividend date was Tuesday, September 12th. State Auto Financial Corporation’s dividend payout ratio (DPR) is presently 35.71%.

A number of hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its position in State Auto Financial Corporation by 1.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,663 shares of the insurance provider’s stock valued at $403,000 after acquiring an additional 173 shares during the period. Schwab Charles Investment Management Inc. increased its position in State Auto Financial Corporation by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,082 shares of the insurance provider’s stock valued at $1,546,000 after acquiring an additional 323 shares during the period. Nationwide Fund Advisors increased its position in State Auto Financial Corporation by 3.1% in the 1st quarter. Nationwide Fund Advisors now owns 14,509 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 435 shares during the period. Rhumbline Advisers increased its position in State Auto Financial Corporation by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 25,436 shares of the insurance provider’s stock valued at $654,000 after acquiring an additional 445 shares during the period. Finally, Wells Fargo & Company MN increased its position in State Auto Financial Corporation by 0.6% in the 1st quarter. Wells Fargo & Company MN now owns 103,058 shares of the insurance provider’s stock valued at $2,829,000 after acquiring an additional 594 shares during the period. Hedge funds and other institutional investors own 32.84% of the company’s stock.

About State Auto Financial Corporation

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.

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

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