State Auto Financial (NASDAQ:STFC) Upgraded to Hold by 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 analysts have also recently issued reports on STFC. TheStreet cut State Auto Financial from a b rating to a c+ rating in a research report on Friday, August 23rd. Zacks Investment Research cut State Auto Financial from a hold rating to a strong sell rating in a report on Friday, November 8th. Finally, ValuEngine upgraded State Auto Financial from a hold rating to a buy rating in a research note on Friday, November 1st.

Shares of STFC stock opened at $31.33 on Friday. State Auto Financial has a 52-week low of $28.10 and a 52-week high of $36.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market capitalization of $1.36 billion, a PE ratio of 26.11 and a beta of 0.33. The stock has a fifty day simple moving average of $32.69 and a two-hundred day simple moving average of $33.43.

State Auto Financial (NASDAQ:STFC) last posted its quarterly earnings results on Thursday, October 31st. The insurance provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.15). State Auto Financial had a net margin of 2.31% and a return on equity of 4.88%. The business had revenue of $334.50 million for the quarter, compared to the consensus estimate of $340.00 million. During the same period in the prior year, the business earned $0.44 earnings per share. State Auto Financial’s revenue was down 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that State Auto Financial will post 1.03 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in State Auto Financial by 2.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,319,444 shares of the insurance provider’s stock valued at $116,181,000 after acquiring an additional 76,718 shares in the last quarter. Vanguard Group Inc. lifted its stake in State Auto Financial by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,595,562 shares of the insurance provider’s stock worth $55,844,000 after purchasing an additional 34,631 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of State Auto Financial by 7.1% during the 2nd quarter. BlackRock Inc. now owns 1,205,419 shares of the insurance provider’s stock valued at $42,190,000 after purchasing an additional 80,115 shares during the last quarter. State Street Corp boosted its holdings in shares of State Auto Financial by 6.9% during the 3rd quarter. State Street Corp now owns 350,308 shares of the insurance provider’s stock valued at $11,346,000 after purchasing an additional 22,460 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of State Auto Financial by 60.8% during the second quarter. Wells Fargo & Company MN now owns 303,180 shares of the insurance provider’s stock valued at $10,612,000 after purchasing an additional 114,632 shares in the last quarter. Hedge funds and other institutional investors own 33.53% of the company’s stock.

State Auto Financial Company Profile

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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