John M. Petrucci Sells 10,682 Shares of State Auto Financial Corporation (STFC) Stock
State Auto Financial Corporation (NASDAQ:STFC) insider John M. Petrucci sold 10,682 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $27.84, for a total value of $297,386.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
State Auto Financial Corporation (NASDAQ:STFC) opened at $28.51 on Wednesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.14. State Auto Financial Corporation has a 12-month low of $22.11 and a 12-month high of $28.98.
State Auto Financial (NASDAQ:STFC) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.08). The business had revenue of $358.40 million for the quarter, compared to analyst estimates of $342.70 million. State Auto Financial had a negative return on equity of 1.53% and a net margin of 1.94%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. equities research analysts anticipate that State Auto Financial Corporation will post -0.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, December 7th. State Auto Financial’s payout ratio is presently 61.54%.
Several hedge funds have recently modified their holdings of STFC. Great West Life Assurance Co. Can acquired a new position in shares of State Auto Financial in the 2nd quarter valued at $126,000. Voya Investment Management LLC increased its position in shares of State Auto Financial by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 9,076 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 1,633 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of State Auto Financial in the 2nd quarter valued at $237,000. The Manufacturers Life Insurance Company increased its position in shares of State Auto Financial by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,644 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 839 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of State Auto Financial in the 2nd quarter valued at $389,000. 33.10% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded State Auto Financial from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $26.00 price target on shares of State Auto Financial in a research report on Friday, August 18th. Finally, ValuEngine raised State Auto Financial from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.00.
State Auto Financial Company Profile
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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