Matthew Stanley Mrozek Sells 3,380 Shares of State Auto Financial Corporation (STFC) Stock

State Auto Financial Corporation (NASDAQ:STFC) VP Matthew Stanley Mrozek sold 3,380 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $27.85, for a total value of $94,133.00. Following the sale, the vice president now directly owns 8,633 shares in the company, valued at approximately $240,429.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of State Auto Financial Corporation (NASDAQ STFC) opened at $28.51 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.08 and a quick ratio of 0.08. State Auto Financial Corporation has a 52 week low of $22.11 and a 52 week 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). State Auto Financial had a negative return on equity of 1.53% and a net margin of 1.94%. The business had revenue of $358.40 million during the quarter, compared to analyst estimates of $342.70 million. During the same period in the previous year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. research analysts predict that State Auto Financial Corporation will post -0.32 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 7th. State Auto Financial’s payout ratio is 61.54%.

A number of analysts recently commented on the company. ValuEngine raised State Auto Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $26.00 price objective on shares of State Auto Financial in a research note on Friday, August 18th. Finally, Zacks Investment Research raised State Auto Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $26.00.

A number of large investors have recently modified their holdings of the business. Earnest Partners LLC boosted its stake in State Auto Financial by 2.4% in the 3rd quarter. Earnest Partners LLC now owns 780,544 shares of the insurance provider’s stock worth $20,474,000 after buying an additional 18,219 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in State Auto Financial by 5.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 63,059 shares of the insurance provider’s stock worth $1,655,000 after buying an additional 2,977 shares during the last quarter. Wells Fargo & Company MN boosted its stake in State Auto Financial by 6.0% in the 3rd quarter. Wells Fargo & Company MN now owns 114,776 shares of the insurance provider’s stock worth $3,010,000 after buying an additional 6,487 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of State Auto Financial by 21.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 191,476 shares of the insurance provider’s stock worth $5,022,000 after purchasing an additional 34,217 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of State Auto Financial by 15.1% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 430,341 shares of the insurance provider’s stock worth $11,288,000 after purchasing an additional 56,554 shares during the period. 33.10% of the stock is currently owned by hedge funds and other institutional investors.

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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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