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 upgraded State Auto Financial Corp. from a hold rating to a buy rating in a research note on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $26.00.
State Auto Financial Corp. (NASDAQ:STFC) last posted its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.51. State Auto Financial Corp. had a negative return on equity of 1.42% and a net margin of 0.16%. The company had revenue of $345.60 million for the quarter, compared to analyst estimates of $332.60 million. During the same period last year, the company earned $0.06 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were paid a $0.10 dividend. 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 payout ratio is presently 800.00%.
In other State Auto Financial Corp. news, insider Kim Burton Garland acquired 6,356 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were acquired at an average cost of $23.63 per share, for a total transaction of $150,192.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.56% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. American International Group Inc. raised 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 last quarter. BlackRock Advisors LLC increased its stake 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. Schwab Charles Investment Management Inc. increased its stake in State Auto Financial Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,922 shares of the company’s stock worth $1,138,000 after buying an additional 714 shares during the period. California State Teachers Retirement System increased its stake in State Auto Financial Corp. by 2.3% in the second quarter. California State Teachers Retirement System now owns 32,429 shares of the company’s stock worth $711,000 after buying an additional 718 shares during the period. Finally, Prudential Financial Inc. increased its stake in State Auto Financial Corp. by 1.2% in the first quarter. Prudential Financial Inc. now owns 112,069 shares of the company’s stock worth $2,472,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 30.34% of the company’s stock.
About State Auto Financial Corp.
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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