State Auto Financial Corp (NASDAQ:STFC) announced a dividend on Friday, November 8th, Fidelity reports. Investors of record on Tuesday, December 17th will be given a dividend of 0.10 per share by the insurance provider on Friday, December 27th. The ex-dividend date is Monday, December 16th.
State Auto Financial has a dividend payout ratio of 37.0% meaning its dividend is sufficiently covered by earnings. Research 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 on Friday, reaching $31.76. 40,321 shares of the stock were exchanged, compared to its average volume of 38,186. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.13. State Auto Financial has a twelve month low of $28.10 and a twelve month high of $36.45. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 26.47 and a beta of 0.33. The business has a 50 day moving average price of $32.36 and a two-hundred day moving average price of $33.28.
State Auto Financial (NASDAQ:STFC) last released its earnings results on Thursday, October 31st. The insurance provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.15). State Auto Financial had a return on equity of 4.88% and a net margin of 2.31%. The firm had revenue of $334.50 million for the quarter, compared to analyst estimates of $340.00 million. During the same period last year, the firm earned $0.44 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts forecast that State Auto Financial will post 1.03 EPS for the current year.
STFC has been the subject of several recent research reports. BidaskClub cut State Auto Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet upgraded State Auto Financial from a “c+” rating to a “b” rating in a research report on Friday, November 29th. Zacks Investment Research cut State Auto Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, November 8th. Finally, ValuEngine upgraded State Auto Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.
In related news, VP Matthew Stanley Mrozek sold 3,700 shares of State Auto Financial stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $31.26, for a total transaction of $115,662.00. Following the completion of the transaction, the vice president now directly owns 6,474 shares in the company, valued at $202,377.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.83% of the stock is currently owned by company insiders.
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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