ValuEngine upgraded shares of State Auto Financial Corp (NASDAQ:STFC) from a sell rating to a hold rating in a research note released on Friday morning.
STFC has been the subject of several other research reports. Zacks Investment Research cut shares of State Auto Financial Corp from a hold rating to a strong sell rating in a report on Tuesday, April 25th. TheStreet cut shares of State Auto Financial Corp from a b rating to a c+ rating in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of Hold.
State Auto Financial Corp (NASDAQ STFC) traded down 1.15% on Friday, hitting $25.03. 4,706 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $25.56 and its 200-day moving average price is $26.16. State Auto Financial Corp has a 12-month low of $19.54 and a 12-month high of $27.97. The company has a market cap of $1.05 billion, a PE ratio of 75.85 and a beta of 0.96.
State Auto Financial Corp (NASDAQ:STFC) last issued its earnings results on Tuesday, May 2nd. The insurance provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.09. State Auto Financial Corp had a negative net margin of 0.61% and a negative return on equity of 2.44%. The company had revenue of $344.30 million during the quarter, compared to analyst estimates of $346.20 million. During the same quarter in the previous year, the company posted $0.05 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts forecast that State Auto Financial Corp will post $0.43 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, June 9th. State Auto Financial Corp’s dividend payout ratio is currently -190.48%.
In related news, insider Jessica Elizabeth Clark sold 9,841 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $24.38, for a total transaction of $239,923.58. Following the completion of the sale, the insider now owns 12,072 shares in the company, valued at approximately $294,315.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 65,569 shares of company stock valued at $1,606,555. 1.56% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. American International Group Inc. increased its position in shares of State Auto Financial Corp by 7.1% in the first quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock worth $261,000 after buying an additional 635 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of State Auto Financial Corp during the fourth quarter worth approximately $390,000. Nationwide Fund Advisors increased its position in shares of State Auto Financial Corp by 3.1% in the first quarter. Nationwide Fund Advisors now owns 14,509 shares of the insurance provider’s stock worth $398,000 after buying an additional 435 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of State Auto Financial Corp during the first quarter worth approximately $425,000. Finally, Comerica Bank increased its position in shares of State Auto Financial Corp by 8.4% in the fourth quarter. Comerica Bank now owns 24,944 shares of the insurance provider’s stock worth $643,000 after buying an additional 1,942 shares during the last quarter. Institutional investors own 31.52% of the company’s stock.
State Auto Financial Corp Company Profile
State Auto Financial Corporation is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include Personal Insurance Segment, Commercial Insurance Segment and Specialty Insurance Segment. Its Personal Insurance Segment include personal auto, homeowners and other personal; Commercial Insurance Segment include commercial auto, small commercial package, middle market commercial, workers’ compensation and other commercial, and Specialty Insurance Segment include Excess & Surplus (E&S) property, E&S casualty and programs.
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