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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 that occurred on Friday, August 15th. The stock was purchased at an average cost of $21.47 per share, for a total transaction of $126,308.01. Following the transaction, the insider now directly owns 25,503,803 shares of the company’s stock, valued at approximately $547,566,650. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of State Auto Financial Corp (NASDAQ:STFC) opened at 21.42 on Thursday. 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 $21.83 and a 200-day moving average of $21.45. The company has a market cap of $877.0 million and a price-to-earnings ratio of 13.86.

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. 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. Investors 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 is Monday, September 8th.

A number of research firms have recently commented on STFC. 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.

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