State Auto Financial Corp (STFC) Releases Earnings Results, Misses Expectations By $-0.60 EPS

State Auto Financial Corp (STFC) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.59 earnings per share for the quarter, missing the analyst consensus estimate by $-0.60. Analysts had a consensus of $0.01. The company posted revenue of $345.60 million in the period, compared to analysts expectations of $322.15 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

State Auto Financial Corp (STFC) witnessed a volatile trading activity on Tusday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $22.35 and reached the intraday high at $22.82. The bulls started the profit booking and pushed the shares to intraday low of $21.98. The trading session was marked by a volume range of 21,437 shares exchanging hands. The 52-week high of the shares is $25.69 and the 52-week low is $17.84. The market cap of the company stands at $932 M and there are 4,15,72,190 shares in public circulation.

In a different news, on Jun 2, 2016, Kim Burton Garland (Senior Vice President) purchased 400 shares at $20.49 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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