Insider Buying: Automobile Mutual Insura State Buys 6,284 Shares of State Auto Financial Corp Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State bought 6,284 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average price of $21.62 per share, with a total value of $135,860.08. Following the acquisition, the insider now directly owns 25,516,904 shares in the company, valued at approximately $551,675,464. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of State Auto Financial Corp (NASDAQ:STFC) traded up 0.83% during mid-day trading on Tuesday, hitting $21.90. 34,177 shares of the company’s stock traded hands. 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 $21.70 and a 200-day moving average of $21.52. The company has a market cap of $896.7 million and a price-to-earnings ratio of 13.76.
State Auto Financial Corp (NASDAQ:STFC) last issued its quarterly earnings data 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 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 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 1.84%. The ex-dividend date is Monday, September 8th.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of State Auto Financial Corp from $22.50 to $23.50 in a research note on Monday. Separately, 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. Finally, 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.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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