Last $20.51 USD
Change Today -0.30 / -1.44%
Volume 74.6K
STFC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

state auto financial corp (STFC) Snapshot

Open
$20.81
Previous Close
$20.81
Day High
$21.70
Day Low
$20.48
52 Week High
07/2/14 - $25.43
52 Week Low
01/31/14 - $18.35
Market Cap
839.7M
Average Volume 10 Days
24.1K
EPS TTM
$1.10
Shares Outstanding
40.9M
EX-Date
09/8/14
P/E TM
18.7x
Dividend
$0.40
Dividend Yield
1.95%
Current Stock Chart for STATE AUTO FINANCIAL CORP (STFC)

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state auto financial corp (STFC) Details

State Auto Financial Corporation, through its subsidiaries, is engaged in writing personal, business, and specialty insurance products. The company operates through four segments: Personal insurance, Business insurance, Specialty insurance, and Investment operations. The Personal insurance segment primarily provides personal automobile and homeowners insurance products to the personal insurance market. The Business insurance segment offers commercial automobile, commercial multi-peril, fire and allied lines, and general liability insurance covering small-to-medium sized commercial exposures in the business insurance market. The Specialty insurance segment provides commercial coverages, including workers’ compensation that require specialized product underwriting, claims handling, or risk management services. The Investment operations segment offers investment portfolio management services. State Auto Financial Corporation markets its insurance products primarily through independent agencies, which include retail agencies and wholesale brokers in the United States. The company was founded in 1950 and is headquartered in Columbus, Ohio. State Auto Financial Corporation is a subsidiary of State Automobile Mutual Insurance Company.

2,384 Employees
Last Reported Date: 03/6/14
Founded in 1950

state auto financial corp (STFC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $798.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $435.5K
Senior Vice President of Specialty Lines
Total Annual Compensation: $362.8K
Chief Sales Officer and Senior Vice President
Total Annual Compensation: $348.1K
Senior Vice President, Secretary and General ...
Total Annual Compensation: $344.2K
Compensation as of Fiscal Year 2013.

state auto financial corp (STFC) Key Developments

State Auto Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on September 30, 2014

The board of directors of State Auto Financial Corporation declared a regular quarterly cash dividend of $0.10 per share, payable September 30, 2014, to shareholders of record at the close of business on Sept. 10, 2014.

State Auto Financial to Eliminate about 100 Information-Technology Jobs

State Auto Financial announced that it will eliminate about 100 information-technology jobs as part of an overhaul of its IT operations that will save $2.5 million to $3 million a year. The company has 2,400 employees nationwide, including 900 in Columbus. There would figure to be more cuts in Columbus because it is the company's headquarters city. The company will decide this month which workers will be let go. Those workers will stay on the payroll until January but will stop working for the company in November.

State Auto Financial Corp. Announces Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

State Auto Financial Corp. announced un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $3.0 million, or $0.07 per diluted share, versus net income of $6.2 million, or $0.15 per diluted share, for the second quarter of 2013. Net loss from operations per diluted share for the second quarter 2014 was $0.01 versus net income from operations per diluted share of $0.13 for the same 2013 period. Net written premium for the second quarter of 2014 increased 3.5% to $295.1 million over the $285.1 million reported in same period of 2013. The company reported total revenue of $294.4 million compared to $285.3 million, income before federal income taxes of $3.1 million compared to $6.3 million and net loss from operations of $0.5 million compared to net income from operations of $5.2 million for the last year. Return on average equity was 8.4% compared to 5.8%. For the six months, the company reported net income of $30.1 million, or $0.73 per diluted share, compared to a net income of $25.9 million, or $0.64 per diluted share, for the same 2013 period. Net written premiums year to date 2014 increased 2.1% from $560.5 million compared to $548.8 million in the same 2013 period. The company reported total revenue of $585.7 million compared to $570.6 million, income before federal income taxes of $30.8 million compared to $26.3 million and net income from operations of $19.7 million compared to $20.6 million for the last year. Book value was $20.65 per share as of June 30, 2014, an increase of $0.60 per share from STFC's book value on March 31, 2014.

 

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Industry Analysis

STFC

Industry Average

Valuation STFC Industry Range
Price/Earnings 13.3x
Price/Sales 0.7x
Price/Book 1.0x
Price/Cash Flow 13.3x
TEV/Sales 0.6x
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