State Auto Financial Corp (NASDAQ:STFC) declared a dividend on Friday, November 8th, Fidelity reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.10 per share by the insurance provider on Friday, December 27th. The ex-dividend date of this dividend is Monday, December 16th.
State Auto Financial has a dividend payout ratio of 37.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect State Auto Financial to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 24.2%.
Shares of State Auto Financial stock traded down $0.40 during trading hours on Friday, hitting $31.76. The company’s stock had a trading volume of 40,321 shares, compared to its average volume of 38,186. State Auto Financial has a twelve month low of $28.10 and a twelve month high of $36.45. The firm has a fifty day moving average of $32.36 and a 200-day moving average of $33.28. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 26.47 and a beta of 0.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.05 and a current ratio of 0.05.
State Auto Financial (NASDAQ:STFC) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). State Auto Financial had a net margin of 2.31% and a return on equity of 4.88%. The business had revenue of $334.50 million during the quarter, compared to analyst estimates of $340.00 million. During the same period last year, the company earned $0.44 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, sell-side analysts expect that State Auto Financial will post 1.03 earnings per share for the current fiscal year.
In related news, VP Matthew Stanley Mrozek sold 3,700 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $31.26, for a total value of $115,662.00. Following the sale, the vice president now owns 6,474 shares in the company, valued at approximately $202,377.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.83% of the stock is currently owned by insiders.
Several brokerages have recently commented on STFC. Zacks Investment Research lowered State Auto Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, November 8th. BidaskClub lowered State Auto Financial from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised State Auto Financial from a “c+” rating to a “b” rating in a research note on Friday, November 29th. Finally, ValuEngine raised State Auto Financial from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.
About State Auto Financial
State Auto Financial Corporation, through its subsidiaries, engages in writing personal and business 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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