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 shares of State Auto Financial Corp. from a hold rating to a buy rating in a research note on Tuesday, July 19th. One investment 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. The company has a consensus rating of Hold and an average price target of $26.00.
State Auto Financial Corp. (NASDAQ:STFC) opened at 23.18 on Friday. The firm has a 50-day moving average of $23.33 and a 200 day moving average of $22.04. The firm has a market cap of $966.05 million, a P/E ratio of 437.36 and a beta of 0.70. State Auto Financial Corp. has a 1-year low of $17.84 and a 1-year high of $25.69.
State Auto Financial Corp. (NASDAQ:STFC) last issued its earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.51. State Auto Financial Corp. had a net margin of 0.16% and a negative return on equity of 1.42%. The business had revenue of $345.60 million for the quarter, compared to the consensus estimate of $332.60 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts predict that State Auto Financial Corp. will post $0.17 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, September 14th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, September 12th. State Auto Financial Corp.’s dividend payout ratio (DPR) is 800.00%.
In other news, insider Kim Burton Garland purchased 6,356 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were purchased at an average price of $23.63 per share, with a total value of $150,192.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.56% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Group LTD increased its stake 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 valued at $160,000 after buying an additional 3,160 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 valued at $176,000 after buying an additional 640 shares during the last quarter. American International Group Inc. increased its stake 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 valued at $195,000 after buying an additional 74 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in State Auto Financial Corp. during the second quarter valued at $245,000. Finally, Park National Corp OH increased its stake 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 valued at $290,000 after buying an additional 2,427 shares during the last quarter. 30.34% of the stock is owned by institutional investors.
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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