BidaskClub upgraded shares of State Auto Financial (NASDAQ:STFC) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, BidAskClub reports.

NASDAQ STFC opened at $34.17 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.07 and a quick ratio of 0.07. The firm has a market capitalization of $1.50 billion, a PE ratio of 28.48 and a beta of 0.37. The company has a 50 day simple moving average of $34.41. State Auto Financial has a 12-month low of $28.57 and a 12-month high of $35.05.

State Auto Financial (NASDAQ:STFC) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The business had revenue of $367.60 million during the quarter, compared to analyst estimates of $328.55 million. State Auto Financial had a net margin of 4.87% and a return on equity of 6.86%. State Auto Financial’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. On average, analysts expect that State Auto Financial will post 1.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Monday, June 17th. State Auto Financial’s dividend payout ratio (DPR) is presently 33.33%.

Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in shares of State Auto Financial by 32.4% in the 4th quarter. Rhumbline Advisers now owns 29,521 shares of the insurance provider’s stock valued at $1,005,000 after acquiring an additional 7,227 shares during the period. Boston Partners increased its position in shares of State Auto Financial by 1.7% in the 4th quarter. Boston Partners now owns 86,544 shares of the insurance provider’s stock valued at $2,946,000 after acquiring an additional 1,409 shares during the period. BlackRock Inc. increased its position in shares of State Auto Financial by 2.3% in the 4th quarter. BlackRock Inc. now owns 1,151,130 shares of the insurance provider’s stock valued at $39,185,000 after acquiring an additional 26,137 shares during the period. Bank of New York Mellon Corp increased its position in shares of State Auto Financial by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 130,029 shares of the insurance provider’s stock valued at $4,426,000 after acquiring an additional 5,138 shares during the period. Finally, Advisor Group Inc. increased its position in shares of State Auto Financial by 1,157.2% in the 4th quarter. Advisor Group Inc. now owns 9,580 shares of the insurance provider’s stock valued at $326,000 after acquiring an additional 8,818 shares during the period. 33.52% of the stock is currently owned by institutional investors.

About State Auto Financial

State Auto Financial Corporation, through its subsidiaries, engages in writing personal and business insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.

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