Chicago Equity Partners LLC Buys Shares of 7,000 State Auto Financial Corp (STFC)

Chicago Equity Partners LLC bought a new stake in State Auto Financial Corp (NASDAQ:STFC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,000 shares of the insurance provider’s stock, valued at approximately $238,000.

Several other hedge funds have also recently modified their holdings of STFC. MetLife Investment Advisors LLC raised its holdings in shares of State Auto Financial by 52.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 12,098 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 4,158 shares during the period. California Public Employees Retirement System raised its holdings in shares of State Auto Financial by 192.2% in the 2nd quarter. California Public Employees Retirement System now owns 22,788 shares of the insurance provider’s stock valued at $682,000 after purchasing an additional 14,988 shares during the period. Keybank National Association OH raised its holdings in shares of State Auto Financial by 22.4% in the 3rd quarter. Keybank National Association OH now owns 26,275 shares of the insurance provider’s stock valued at $802,000 after purchasing an additional 4,800 shares during the period. Rhumbline Advisers raised its holdings in shares of State Auto Financial by 32.4% in the 4th quarter. Rhumbline Advisers now owns 29,521 shares of the insurance provider’s stock valued at $1,005,000 after purchasing an additional 7,227 shares during the period. Finally, James Investment Research Inc. bought a new stake in shares of State Auto Financial in the 4th quarter valued at about $1,076,000. 34.87% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on STFC shares. BidaskClub raised shares of State Auto Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 21st. Zacks Investment Research raised shares of State Auto Financial from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a report on Friday, November 9th.

State Auto Financial stock opened at $34.40 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 28.67 and a beta of 0.44. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.14. State Auto Financial Corp has a twelve month low of $25.92 and a twelve month high of $35.05.

State Auto Financial (NASDAQ:STFC) last released its quarterly earnings results on Thursday, February 14th. The insurance provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.04. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $325.65 million. State Auto Financial had a net margin of 1.00% and a return on equity of 6.09%. The business’s revenue was down 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.49) EPS. As a group, equities analysts forecast that State Auto Financial Corp will post 1.85 earnings per share for the current fiscal year.

In other State Auto Financial news, insider Steven Eugene English sold 1,846 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $35.00, for a total value of $64,610.00. Following the transaction, the insider now directly owns 37,361 shares of the company’s stock, valued at approximately $1,307,635. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Melissa A. Centers sold 1,095 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $34.81, for a total transaction of $38,116.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,728 shares of company stock worth $165,272. Insiders own 1.97% of the company’s stock.

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State Auto Financial Profile

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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Institutional Ownership by Quarter for State Auto Financial (NASDAQ:STFC)

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