Royce & Associates LP continued to hold its position in shares of State Auto Financial Corporation (NASDAQ:STFC) during the first quarter, Holdings Channel reports. The firm owned 239,467 shares of the insurance provider’s stock at the end of the first quarter. Royce & Associates LP owned about 0.57% of State Auto Financial Corporation worth $6,573,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. boosted its position 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 last quarter. Bank of New York Mellon Corp boosted its position in shares of State Auto Financial Corporation by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 112,892 shares of the insurance provider’s stock worth $3,099,000 after buying an additional 4,490 shares during the last quarter. Boston Partners boosted its position in shares of State Auto Financial Corporation by 2.3% in the first quarter. Boston Partners now owns 109,266 shares of the insurance provider’s stock worth $2,999,000 after buying an additional 2,423 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of State Auto Financial Corporation by 0.6% in the first quarter. Wells Fargo & Company MN now owns 103,058 shares of the insurance provider’s stock worth $2,829,000 after buying an additional 594 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position 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 last quarter. Institutional investors and hedge funds own 32.35% of the company’s stock.

Institutional Ownership by Quarter for State Auto Financial Corporation (NASDAQ:STFC)

Shares of State Auto Financial Corporation (STFC) traded up 2.05% on Friday, reaching $25.94. The company’s stock had a trading volume of 72,117 shares. The firm has a market capitalization of $1.09 billion, a PE ratio of 78.61 and a beta of 0.90. The firm has a 50-day moving average price of $25.13 and a 200 day moving average price of $26.14. State Auto Financial Corporation has a one year low of $19.54 and a one year high of $27.97.

State Auto Financial Corporation (NASDAQ:STFC) last posted its earnings results on Tuesday, May 2nd. The insurance provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.09. The company had revenue of $344.30 million for the quarter, compared to analysts’ expectations of $346.20 million. State Auto Financial Corporation had a negative return on equity of 1.55% and a net margin of 0.99%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. On average, analysts anticipate that State Auto Financial Corporation will post $0.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 9th. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. State Auto Financial Corporation’s dividend payout ratio is presently 125.00%.

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A number of research analysts have issued reports on the company. Zacks Investment Research cut State Auto Financial Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. ValuEngine upgraded State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, TheStreet cut State Auto Financial Corporation from a “b” rating to a “c+” rating in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold”.

In other news, insider Jessica Elizabeth Clark sold 9,841 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $24.38, for a total transaction of $239,923.58. Following the completion of the sale, the insider now owns 12,072 shares in the company, valued at approximately $294,315.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 65,569 shares of company stock valued at $1,606,555. Company insiders own 1.54% 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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