State Auto Financial (NASDAQ:STFC) Rating Increased to Hold at BidaskClub

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

Several other equities research analysts have also recently weighed in on the company. ValuEngine cut State Auto Financial from a buy rating to a hold rating in a research note on Wednesday, September 25th. TheStreet lowered State Auto Financial from a b rating to a c+ rating in a research report on Friday, August 23rd. Finally, Zacks Investment Research raised State Auto Financial from a strong sell rating to a hold rating in a research report on Friday, October 4th.

STFC stock opened at $34.44 on Friday. The business has a 50 day moving average price of $32.53 and a 200 day moving average price of $33.63. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 28.70 and a beta of 0.32. State Auto Financial has a fifty-two week low of $28.46 and a fifty-two week high of $36.45. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.13.

State Auto Financial (NASDAQ:STFC) last posted its earnings results on Thursday, August 1st. The insurance provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.38). The business had revenue of $340.10 million for the quarter, compared to analysts’ expectations of $340.10 million. State Auto Financial had a return on equity of 5.49% and a net margin of 3.95%. State Auto Financial’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. As a group, sell-side analysts anticipate that State Auto Financial will post 1.35 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Monday, September 16th. State Auto Financial’s dividend payout ratio (DPR) is 33.33%.

In other news, Director Michelle Lantow purchased 1,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $31.03 per share, with a total value of $31,030.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $31,030. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.83% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new position in shares of State Auto Financial in the second quarter valued at approximately $25,000. Bank of Montreal Can acquired a new position in shares of State Auto Financial in the second quarter valued at approximately $51,000. KBC Group NV acquired a new position in shares of State Auto Financial in the second quarter valued at approximately $83,000. Aperio Group LLC acquired a new position in shares of State Auto Financial in the second quarter valued at approximately $119,000. Finally, Acadian Asset Management LLC acquired a new position in shares of State Auto Financial in the second quarter valued at approximately $120,000. 33.44% 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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