BidaskClub upgraded shares of State Auto Financial (NASDAQ:STFC) from a hold rating to a buy rating in a report published on Wednesday morning.
Separately, Zacks Investment Research upgraded shares of State Auto Financial from a sell rating to a hold rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $29.50.
State Auto Financial (NASDAQ:STFC) traded down $0.59 during trading on Wednesday, hitting $28.89. 435 shares of the stock traded hands, compared to its average volume of 36,265. State Auto Financial has a 12 month low of $22.11 and a 12 month high of $30.85. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.14.
State Auto Financial (NASDAQ:STFC) last released its quarterly earnings results on Tuesday, February 20th. The insurance provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.07). The company had revenue of $362.90 million during the quarter, compared to analyst estimates of $289.70 million. State Auto Financial had a negative net margin of 0.75% and a negative return on equity of 1.85%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. equities research analysts predict that State Auto Financial will post 1.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Tuesday, March 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, March 12th. State Auto Financial’s payout ratio is -153.84%.
In related news, insider Melissa A. Centers sold 1,067 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $27.62, for a total transaction of $29,470.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Eugene English sold 10,834 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.83, for a total transaction of $301,510.22. The disclosure for this sale can be found here. Insiders have sold 12,691 shares of company stock valued at $352,777 in the last 90 days. 1.54% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new position in State Auto Financial during the fourth quarter worth $231,000. Deutsche Bank AG raised its position in State Auto Financial by 136.4% during the fourth quarter. Deutsche Bank AG now owns 36,607 shares of the insurance provider’s stock worth $1,063,000 after acquiring an additional 21,125 shares in the last quarter. Renaissance Technologies LLC raised its position in State Auto Financial by 5.8% during the fourth quarter. Renaissance Technologies LLC now owns 239,700 shares of the insurance provider’s stock worth $6,980,000 after acquiring an additional 13,100 shares in the last quarter. Alliancebernstein L.P. raised its position in State Auto Financial by 2.4% during the fourth quarter. Alliancebernstein L.P. now owns 559,443 shares of the insurance provider’s stock worth $16,291,000 after acquiring an additional 13,160 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in State Auto Financial by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 155,801 shares of the insurance provider’s stock worth $4,536,000 after acquiring an additional 2,881 shares in the last quarter. Institutional investors and hedge funds own 34.67% of the company’s stock.
About State Auto Financial
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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