State Auto Financial Corp major shareholder Acquires $29,836 in Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State purchased 1,368 shares of the stock on the open market in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $21.81 per share, for a total transaction of $29,836.08. Following the transaction, the insider now directly owns 25,402,565 shares of the company’s stock, valued at approximately $554,029,943. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of State Auto Financial Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $23.40 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of State Auto Financial Corp from $21.00 to $22.50 in a research note on Thursday, May 1st. Finally, analysts at Argus raised their price target on shares of State Auto Financial Corp from $23.00 to $25.00 in a research note on Wednesday, March 19th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.73.
Shares of State Auto Financial Corp (NASDAQ:STFC) traded down 4.72% during mid-day trading on Tuesday, hitting $20.60. 21,507 shares of the company’s stock traded hands. State Auto Financial Corp has a 52-week low of $17.17 and a 52-week high of $23.10. The stock has a 50-day moving average of $21.27 and a 200-day moving average of $20.77. The company has a market cap of $841.7 million and a P/E ratio of 12.99.
State Auto Financial Corp (NASDAQ:STFC) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.30. The company had revenue of $291.30 million for the quarter, compared to the consensus estimate of $285.60 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that State Auto Financial Corp will post $1.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Wednesday, June 11th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Monday, June 9th.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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