State Auto Financial Corporation (NASDAQ:STFC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Sunday.

STFC has been the subject of several other reports. ValuEngine cut State Auto Financial Corporation from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research cut State Auto Financial Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. Finally, TheStreet cut State Auto Financial Corporation from a “b” rating to a “c+” rating in a report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Hold”.

Shares of State Auto Financial Corporation (STFC) traded down 0.92% during trading on Friday, reaching $24.76. The company’s stock had a trading volume of 13,984 shares. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 75.03 and a beta of 0.90. State Auto Financial Corporation has a one year low of $19.54 and a one year high of $27.97. The company has a 50-day moving average price of $25.13 and a 200-day moving average price of $26.12.

State Auto Financial Corporation (NASDAQ:STFC) last issued its earnings results on Tuesday, May 2nd. The insurance provider reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.09. State Auto Financial Corporation had a negative return on equity of 1.55% and a net margin of 0.99%. The firm had revenue of $344.30 million during the quarter, compared to analysts’ expectations of $346.20 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. State Auto Financial Corporation’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that State Auto Financial Corporation will post $0.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, June 9th. State Auto Financial Corporation’s dividend payout ratio is 125.00%.

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In other State Auto Financial Corporation news, insider Jessica Elizabeth Clark sold 18,458 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $24.55, for a total value of $453,143.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 65,569 shares of company stock valued at $1,606,555 over the last quarter. Company insiders own 1.54% of the company’s stock.

Large investors have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of State Auto Financial Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock worth $261,000 after buying an additional 635 shares during the period. Highbridge Capital Management LLC bought a new stake in shares of State Auto Financial Corporation during the fourth quarter worth $390,000. Nationwide Fund Advisors boosted its stake in shares of State Auto Financial Corporation by 3.1% in the first quarter. Nationwide Fund Advisors now owns 14,509 shares of the insurance provider’s stock worth $398,000 after buying an additional 435 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of State Auto Financial Corporation during the first quarter worth $425,000. Finally, Comerica Bank boosted its stake in shares of State Auto Financial Corporation by 8.4% in the fourth quarter. Comerica Bank now owns 24,944 shares of the insurance provider’s stock worth $643,000 after buying an additional 1,942 shares during the period. Hedge funds and other institutional investors own 32.35% of the company’s stock.

About State Auto Financial Corporation

State Auto Financial Corporation is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include Personal Insurance Segment, Commercial Insurance Segment and Specialty Insurance Segment. Its Personal Insurance Segment include personal auto, homeowners and other personal; Commercial Insurance Segment include commercial auto, small commercial package, middle market commercial, workers’ compensation and other commercial, and Specialty Insurance Segment include Excess & Surplus (E&S) property, E&S casualty and programs.

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