BidaskClub upgraded shares of State Auto Financial (NASDAQ:STFC) from a hold rating to a buy rating in a research report report published on Friday.
STFC has been the subject of a number of other reports. Zacks Investment Research lowered shares of State Auto Financial from a hold rating to a strong sell rating in a report on Tuesday, July 17th. Keefe, Bruyette & Woods set a $30.00 target price on shares of State Auto Financial and gave the company a hold rating in a report on Monday, August 6th.
Shares of STFC stock traded down $0.85 on Friday, reaching $30.15. The company’s stock had a trading volume of 20,644 shares, compared to its average volume of 37,073. State Auto Financial has a 1 year low of $24.84 and a 1 year high of $34.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $1.32 billion, a PE ratio of -75.38 and a beta of 0.67.
State Auto Financial (NASDAQ:STFC) last posted its earnings results on Monday, August 6th. The insurance provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). State Auto Financial had a negative net margin of 0.82% and a negative return on equity of 0.25%. The business had revenue of $341.70 million during the quarter, compared to analysts’ expectations of $332.10 million. During the same period last year, the business posted ($0.04) earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts predict that State Auto Financial will post 1.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Tuesday, September 11th. State Auto Financial’s dividend payout ratio (DPR) is presently -100.00%.
In other State Auto Financial news, insider Steven Eugene English sold 3,633 shares of State Auto Financial stock in a transaction on Tuesday, July 24th. The shares were sold at an average price of $32.00, for a total transaction of $116,256.00. Following the completion of the transaction, the insider now directly owns 39,079 shares of the company’s stock, valued at $1,250,528. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.97% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of STFC. Wells Fargo & Company MN boosted its stake in State Auto Financial by 3.9% during the first quarter. Wells Fargo & Company MN now owns 155,500 shares of the insurance provider’s stock worth $4,442,000 after buying an additional 5,765 shares during the period. Swiss National Bank boosted its stake in State Auto Financial by 7.3% during the first quarter. Swiss National Bank now owns 29,400 shares of the insurance provider’s stock worth $840,000 after buying an additional 2,000 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in State Auto Financial by 8.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 75,174 shares of the insurance provider’s stock worth $2,148,000 after buying an additional 6,107 shares during the period. Dimensional Fund Advisors LP boosted its stake in State Auto Financial by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,570,465 shares of the insurance provider’s stock worth $73,438,000 after buying an additional 29,835 shares during the period. Finally, Earnest Partners LLC boosted its stake in State Auto Financial by 1.9% during the first quarter. Earnest Partners LLC now owns 771,972 shares of the insurance provider’s stock worth $22,055,000 after buying an additional 14,530 shares during the period. 35.20% of the stock is owned by institutional investors.
About State Auto Financial
State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.
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