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State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State purchased 5,883 shares of the stock on the open market in a transaction dated Friday, August 15th. The shares were purchased at an average price of $21.47 per share, for a total transaction of $126,308.01. Following the completion of the transaction, the insider now directly owns 25,503,803 shares of the company’s stock, valued at approximately $547,566,650. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

A number of analysts have recently weighed in on STFC shares. 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 up 0.56% on Tuesday, hitting $21.60. The stock had a trading volume of 2,155 shares. State Auto Financial Corp has a 1-year low of $17.56 and a 1-year high of $25.43. The stock’s 50-day moving average is $21.95 and its 200-day moving average is $21.42. The company has a market cap of $884.4 million and a P/E ratio of 13.60.

State Auto Financial Corp (NASDAQ:STFC) last announced its earnings results on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue 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. Investors 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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