State Auto Financial (NASDAQ:STFC) announced a quarterly dividend on Friday, March 1st. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.10 per share on Friday, March 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.38%.
On a related note, analysts at Zacks upgraded shares of State Auto Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $17.90 price target on the stock.
One investment analyst has rated the stock with a buy rating, two have given a hold rating, and one has assigned a sell rating to the stock. The stock has a consensus rating of “hold” and a consensus price target of $15.67.
Shares of State Auto Financial (STFC) traded down 1.79% during mid-day trading on Friday, hitting $16.50. State Auto Financial (STFC) has a 52 week low of $12.49 and a 52 week high of $16.91. The stock’s 50-day moving average is currently $15.42. The company has a market cap of $668.2 million and a P/E ratio of 63.40.
State Auto Financial last posted its quarterly earnings results on Tuesday, February 19th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.38. The company had revenue of $296.70 million for the quarter, compared to the consensus estimate of $274.73 million. During the same quarter in the previous year, the company posted $2.30 earnings per share. The company’s revenue for the quarter was down 26.0% on a year-over-year basis. On average, analysts predict that State Auto Financial (STFC) will post $0.83 earnings per share for the current fiscal year.
State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company.
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