Revenue Update on State Auto Financial Corp(NASDAQ:STFC)

State Auto Financial Corp(NASDAQ:STFC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $364.900M. Analysts estimated a revenue of $341.850M. The revenues were 6.74% above the estimates. Earnings per share were $0.46. The reported EPS was above estimates by 39.39%. Analysts had estimated an EPS of $0.33.

State Auto Financial Corp (STFC) made into the market gainers list on Wednesdays trading session with the shares advancing 1.45% or 0.38 points. Due to strong positive momentum, the stock ended at $26.61, which is also near the day’s high of $26.88. The stock began the session at $26.21 and the volume stood at 51,990 shares. The 52-week high of the shares is $27.42 and the 52 week low is $18.69. The company has a current market capitalization of $1,111 M and it has 4,17,42,438 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, Kim Burton Garland (Senior Vice President) purchased 6,356 shares at $23.63 per share price.Also, 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.

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