State Auto Financial Corp major shareholder Acquires $34,769 in Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State purchased 1,592 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average cost of $21.84 per share, with a total value of $34,769.28. Following the completion of the acquisition, the insider now directly owns 25,431,757 shares in the company, valued at approximately $555,429,573. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. State Auto Financial Corp has an average rating of “Buy” and a consensus target price of $22.73.
State Auto Financial Corp (NASDAQ:STFC) opened at 21.61 on Friday. State Auto Financial Corp has a 1-year low of $17.17 and a 1-year high of $23.10. The stock has a 50-day moving average of $21.32 and a 200-day moving average of $20.86. The company has a market cap of $883.0 million and a P/E ratio of 13.05.
State Auto Financial Corp (NASDAQ:STFC) last posted its quarterly 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. Analysts expect that State Auto Financial Corp will post $1.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Investors of record on Wednesday, June 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Monday, June 9th.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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