According to Zacks, “State Auto Financial Corporation is an insurance holding company, which engages, through its subsidiaries, primarily in the property and casualty insurance business. The company’s principal subsidiary is State Auto Property and Casualty Insurance Company. State Auto P&C is a regional insurer engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers’ compensation and fire insurance. “
Separately, TheStreet raised State Auto Financial Corp. from a hold rating to a buy rating in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. State Auto Financial Corp. presently has an average rating of Hold and an average price target of $26.00.
State Auto Financial Corp. (NASDAQ:STFC) opened at 23.18 on Friday. The stock has a 50 day moving average price of $23.33 and a 200-day moving average price of $22.04. The company has a market cap of $966.05 million, a price-to-earnings ratio of 437.36 and a beta of 0.70. State Auto Financial Corp. has a 12-month low of $17.84 and a 12-month high of $25.69.
State Auto Financial Corp. (NASDAQ:STFC) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.51. The business earned $345.60 million during the quarter, compared to analyst estimates of $332.60 million. State Auto Financial Corp. had a negative return on equity of 1.42% and a net margin of 0.16%. State Auto Financial Corp.’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. On average, analysts predict that State Auto Financial Corp. will post $0.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, September 14th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. State Auto Financial Corp.’s dividend payout ratio (DPR) is 800.00%.
In other news, insider Kim Burton Garland bought 6,356 shares of State Auto Financial Corp. stock in a transaction on Friday, September 2nd. The shares were purchased at an average price of $23.63 per share, for a total transaction of $150,192.28. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.56% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Group LTD increased its position in State Auto Financial Corp. by 75.5% in the second quarter. BlackRock Group LTD now owns 7,348 shares of the company’s stock worth $160,000 after buying an additional 3,160 shares during the period. BlackRock Advisors LLC increased its position in State Auto Financial Corp. by 8.7% in the second quarter. BlackRock Advisors LLC now owns 8,037 shares of the company’s stock worth $176,000 after buying an additional 640 shares during the period. American International Group Inc. increased its position in State Auto Financial Corp. by 0.8% in the second quarter. American International Group Inc. now owns 8,902 shares of the company’s stock worth $195,000 after buying an additional 74 shares during the period. Emerald Acquisition Ltd. purchased a new position in State Auto Financial Corp. during the second quarter worth $245,000. Finally, Park National Corp OH increased its position in State Auto Financial Corp. by 24.8% in the third quarter. Park National Corp OH now owns 12,197 shares of the company’s stock worth $290,000 after buying an additional 2,427 shares during the period. Hedge funds and other institutional investors own 30.34% of the company’s stock.
State Auto Financial Corp. Company Profile
State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include personal insurance, business insurance, specialty insurance and investment operations. Its personal insurance, business insurance and specialty insurance are known as insurance segments of the Company.
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