State Auto Financial Corp Upgraded by TheStreet to “Buy” (STFC)
The analysts wrote, “State Auto Financial (STFC) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
STFC has been the subject of a number of other recent research reports. Analysts at Argus reiterated a “buy” rating on shares of State Auto Financial Corp in a research note on Tuesday. They now have a $26.00 price target on the stock, up previously from $25.00. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $22.98.
State Auto Financial Corp (NASDAQ:STFC) traded up 3.76% during mid-day trading on Thursday, hitting $21.79. 23,069 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 $21.33 and a 200-day moving average of $20.89. The company has a market cap of $890.3 million and a price-to-earnings ratio of 12.62.
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. 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. Shareholders 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 1.90%. The ex-dividend date is Monday, June 9th.
In other State Auto Financial Corp news, major shareholder Automobile Mutual Insura State acquired 2,700 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of $21.14 per share, with a total value of $57,078.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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