State Auto Financial Corporation (STFC) Insider Sells $297,386.88 in Stock

State Auto Financial Corporation (NASDAQ:STFC) insider John M. Petrucci sold 10,682 shares of State Auto Financial stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $27.84, for a total transaction of $297,386.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of State Auto Financial Corporation (NASDAQ STFC) opened at $29.17 on Thursday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.14. State Auto Financial Corporation has a 12 month low of $22.11 and a 12 month high of $29.61.

State Auto Financial (NASDAQ:STFC) last announced its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.46) by ($0.08). State Auto Financial had a net margin of 1.94% and a negative return on equity of 1.53%. The business had revenue of $358.40 million for the quarter, compared to analyst estimates of $342.70 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. sell-side analysts expect that State Auto Financial Corporation will post -0.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, December 7th. State Auto Financial’s payout ratio is 61.54%.

STFC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of State Auto Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. ValuEngine upgraded shares of State Auto Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 target price on shares of State Auto Financial in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. State Auto Financial presently has a consensus rating of “Hold” and a consensus target price of $26.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of State Auto Financial by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,542,424 shares of the insurance provider’s stock valued at $65,418,000 after purchasing an additional 28,779 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of State Auto Financial by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,252,287 shares of the insurance provider’s stock valued at $32,222,000 after purchasing an additional 68,665 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of State Auto Financial by 2.4% during the 3rd quarter. Earnest Partners LLC now owns 780,544 shares of the insurance provider’s stock valued at $20,474,000 after purchasing an additional 18,219 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of State Auto Financial by 21.9% during the 2nd quarter. Alliancebernstein L.P. now owns 529,239 shares of the insurance provider’s stock valued at $13,617,000 after purchasing an additional 95,076 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of State Auto Financial by 15.1% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 430,341 shares of the insurance provider’s stock valued at $11,288,000 after purchasing an additional 56,554 shares in the last quarter. Institutional investors and hedge funds own 33.10% of the company’s stock.

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State Auto Financial 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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