State Auto Financial Corp major shareholder Automobile Mutual Insura State Acquires 8,125 Shares (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State bought 8,125 shares of the company’s stock on the open market in a transaction dated Thursday, August 14th. The stock was purchased at an average price of $21.41 per share, with a total value of $173,956.25. Following the purchase, the insider now directly owns 25,497,920 shares of the company’s stock, valued at approximately $545,910,467. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 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.
Shares of State Auto Financial Corp (NASDAQ:STFC) traded down 0.93% on Friday, hitting $21.23. 29,740 shares of the company’s stock traded hands. 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 $22.00 and its 200-day moving average is $21.40. The company has a market cap of $869.2 million and a P/E ratio of 13.57.
State Auto Financial Corp (NASDAQ:STFC) last announced its earnings results on Thursday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. 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 announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, September 8th.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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