Insider Buying: Automobile Mutual Insura State Buys 1,129 Shares of State Auto Financial Corp Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State bought 1,129 shares of State Auto Financial Corp stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $21.32 per share, for a total transaction of $24,070.28. Following the completion of the transaction, the insider now directly owns 25,489,795 shares in the company, valued at approximately $543,442,429. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
State Auto Financial Corp (NASDAQ:STFC) traded up 0.47% on Friday, hitting $21.53. The stock had a trading volume of 12,158 shares. State Auto Financial Corp has a one year low of $17.56 and a one year high of $25.43. The stock’s 50-day moving average is $22.06 and its 200-day moving average is $21.39. The company has a market cap of $881.5 million and a price-to-earnings ratio of 13.57.
State Auto Financial Corp (NASDAQ:STFC) last posted its quarterly 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. Analysts expect that State Auto Financial Corp will post $1.48 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders 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 1.87%. The ex-dividend date of this dividend is Monday, September 8th.
STFC has been the subject of a number of recent research reports. 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 Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
Receive News & Ratings for State Auto Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Auto Financial Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.