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Equities research analysts at Sandler O’Neill boosted their price objective on shares of State Auto Financial Corp (NASDAQ:STFC) from $21.00 to $24.00 in a research note issued to investors on Thursday. Sandler O’Neill’s target price would indicate a potential upside of 4.35% from the stock’s previous close.

In other State Auto Financial Corp news, major shareholder Automobile Mutual Insura State purchased 14,180 shares of the stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was purchased at an average price of $23.08 per share, with a total value of $327,274.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, 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.

STFC has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of State Auto Financial Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $24.50 price target on the stock. Separately, analysts at TheStreet upgraded shares of State Auto Financial Corp from a “hold” rating to a “buy” rating in a research note on Thursday, June 5th. Finally, analysts at Argus reiterated a “buy” rating on shares of State Auto Financial Corp in a research note on Tuesday, June 3rd. They now have a $26.00 price target on the stock, up previously from $25.00. One analyst has rated the stock with a hold rating and two have given a buy rating to the company. State Auto Financial Corp currently has an average rating of “Buy” and a consensus price target of $24.25.

State Auto Financial Corp (NASDAQ:STFC) traded down 1.43% during mid-day trading on Thursday, hitting $22.67. 43,712 shares of the company’s stock traded hands. State Auto Financial Corp has a 52-week low of $17.56 and a 52-week high of $25.43. The stock has a 50-day moving average of $22.65 and a 200-day moving average of $21.38. The company has a market cap of $926.3 million and a price-to-earnings ratio of 13.82.

State Auto Financial Corp (NASDAQ:STFC) last announced its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter 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.

State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.

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