State Auto Financial (NASDAQ:STFC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Separately, Zacks Investment Research downgraded shares of State Auto Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 16th.

STFC stock opened at $32.31 on Tuesday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 26.93 and a beta of 0.42. State Auto Financial has a fifty-two week low of $27.37 and a fifty-two week high of $35.05. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.06 and a quick ratio of 0.06.

State Auto Financial (NASDAQ:STFC) last posted its quarterly earnings data on Thursday, February 14th. The insurance provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04. The business had revenue of $264.40 million during the quarter, compared to the consensus estimate of $325.65 million. State Auto Financial had a net margin of 1.00% and a return on equity of 6.16%. The company’s quarterly revenue was down 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.49) earnings per share. On average, analysts anticipate that State Auto Financial will post 1.85 EPS for the current fiscal year.

In other State Auto Financial news, insider Melissa A. Centers sold 1,095 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $34.81, for a total value of $38,116.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.97% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of STFC. Comerica Bank lifted its holdings in State Auto Financial by 8.7% in the 3rd quarter. Comerica Bank now owns 39,744 shares of the insurance provider’s stock valued at $1,193,000 after acquiring an additional 3,181 shares during the last quarter. Keybank National Association OH lifted its holdings in State Auto Financial by 22.4% in the 3rd quarter. Keybank National Association OH now owns 26,275 shares of the insurance provider’s stock valued at $802,000 after acquiring an additional 4,800 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in State Auto Financial by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 124,891 shares of the insurance provider’s stock valued at $3,814,000 after acquiring an additional 3,275 shares during the last quarter. BlackRock Inc. lifted its holdings in State Auto Financial by 1.3% in the 3rd quarter. BlackRock Inc. now owns 1,124,993 shares of the insurance provider’s stock valued at $34,358,000 after acquiring an additional 13,944 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in State Auto Financial by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,601,944 shares of the insurance provider’s stock valued at $79,463,000 after acquiring an additional 21,551 shares during the last quarter. 35.37% of the stock is owned by institutional investors.

About State Auto Financial

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty 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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