State Auto Financial Corp major shareholder Purchases $62,886 in Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State purchased 2,902 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $21.67 per share, for a total transaction of $62,886.34. Following the completion of the purchase, the insider now directly owns 25,506,705 shares of the company’s stock, valued at approximately $552,730,297. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
State Auto Financial Corp (NASDAQ:STFC) opened at 21.48 on Friday. 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 $21.77 and its 200-day moving average is $21.45. The company has a market cap of $879.5 million and a price-to-earnings ratio of 13.57.
State Auto Financial Corp (NASDAQ:STFC) last issued its quarterly earnings data 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. 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.
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.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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