State Auto Financial Corp (STFC) Releases Earnings Results, Misses Expectations By $-0.22 EPS

State Auto Financial Corp (STFC) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.05 earnings per share for the quarter, missing the analyst consensus estimate by $-0.22. Analysts had a consensus of $0.27. The company posted revenue of $339.20 million in the period, compared to analysts expectations of $318.10 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

State Auto Financial Corp closed down -0.03 points or -0.15% at $20.37 with 24,035 shares getting traded on Wednesday. Post opening the session at $20.4, the shares hit an intraday low of $20.1 and an intraday high of $20.66 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 7, 2016, Kim Burton Garland (Senior Vice President) purchased 13,669 shares at $21.50 per share price. According to the SEC, on Feb 24, 2016, Michael Larocco (CEO) purchased 1,819 shares at $21.25 per share price. On Dec 7, 2015, Robert P Jr Restrepo (director) sold 10,000 shares at $23.43 per share price, according to the Form-4 filing with the securities and exchange commission.

State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal business and specialty insurance. State Auto Financial’s subsidiaries are State Auto Property & Casualty Insurance Company (State Auto P&C) Milbank Insurance Company (Milbank) and State Auto Insurance Company of Ohio (SA Ohio) each of which is a property and casualty insurance company and Stateco Financial Services Inc. (Stateco) which provides investment management services to affiliated insurance companies. The Company’s segments include personal insurance business insurance specialty insurance and investment operations. The Company’s claims division supports its insurance segments through emphasis on investigation of claims settlement of meritorious claims for equitable amounts maintenance of adequate case reserves for claims and control of external claims adjustment expenses.

State Auto Financial Corp

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