Keefe, Bruyette & Woods Increases State Auto Financial Corp Price Target to $23.50 (STFC)
Analysts at Keefe, Bruyette & Woods lifted their price objective on shares of State Auto Financial Corp (NASDAQ:STFC) from $22.50 to $23.50 in a research report issued to clients and investors on Monday. Keefe, Bruyette & Woods’ price target indicates a potential upside of 10.43% from the company’s current price.
Other equities research analysts have also recently issued reports about 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) opened at 21.28 on Monday. State Auto Financial Corp has a one year low of $17.56 and a one year high of $25.43. The stock has a 50-day moving average of $21.70 and a 200-day moving average of $21.47. The company has a market cap of $871.3 million and a P/E ratio of 13.60.
State Auto Financial Corp (NASDAQ:STFC) last posted its quarterly 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. 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. 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.
In other State Auto Financial Corp news, major shareholder Automobile Mutual Insura State bought 3,915 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average cost of $21.60 per share, for a total transaction of $84,564.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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