State Auto Financial Corp major shareholder Acquires $24,070 in Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State bought 1,129 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $21.32 per share, for a total transaction of $24,070.28. Following the completion of the purchase, the insider now directly owns 25,489,795 shares of the company’s stock, valued at approximately $543,442,429. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large 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 Sandler O’Neill raised their price target on shares of State Auto Financial Corp from $21.00 to $24.00 in a research note on Thursday, July 10th. 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.
State Auto Financial Corp (NASDAQ:STFC) traded up 0.66% during mid-day trading on Thursday, hitting $21.43. The stock had a trading volume of 23,659 shares. State Auto Financial Corp has a one year low of $17.56 and a one year high of $25.43. The stock has a 50-day moving average of $22.11 and a 200-day moving average of $21.39. The company has a market cap of $877.4 million and a price-to-earnings ratio of 13.48.
State Auto Financial Corp (NASDAQ:STFC) last announced its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.05. The company had revenue of $294.40 million for the quarter, compared to the consensus estimate of $288.45 million. During the same quarter last year, the company posted $0.13 earnings per share. State Auto Financial Corp’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that State Auto Financial Corp will post $1.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, September 8th.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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