State Auto Financial Corporation (STFC) Receives $26.00 Average PT from Brokerages

Shares of State Auto Financial Corporation (NASDAQ:STFC) have been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.00.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $26.00 price target on shares of State Auto Financial Corporation in a research note on Friday, August 18th. ValuEngine raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub cut shares of State Auto Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 16th.

State Auto Financial Corporation (NASDAQ STFC) traded up 0.54% during trading on Friday, reaching $25.84. 8,668 shares of the company’s stock traded hands. State Auto Financial Corporation has a one year low of $19.54 and a one year high of $27.97. The stock has a market cap of $1.09 billion, a P/E ratio of 19.88 and a beta of 0.86. The firm’s 50 day moving average price is $24.94 and its 200-day moving average price is $25.42.

State Auto Financial Corporation (NASDAQ:STFC) last posted its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.12. State Auto Financial Corporation had a net margin of 3.33% and a return on equity of 1.46%. The business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $341.30 million. During the same period in the prior year, the company posted ($0.69) EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that State Auto Financial Corporation will post ($0.29) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.56%. State Auto Financial Corporation’s dividend payout ratio (DPR) is presently 35.71%.

Several large investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new stake in shares of State Auto Financial Corporation in the 2nd quarter worth about $126,000. Voya Investment Management LLC boosted its position in shares of State Auto Financial Corporation by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 9,076 shares of the insurance provider’s stock worth $234,000 after buying an additional 1,633 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of State Auto Financial Corporation in the 2nd quarter worth about $237,000. American International Group Inc. boosted its position in shares of State Auto Financial Corporation by 7.1% in the 1st 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 in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of State Auto Financial Corporation by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,644 shares of the insurance provider’s stock worth $351,000 after buying an additional 839 shares in the last quarter. 32.84% of the stock is currently owned by institutional investors and hedge funds.

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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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