State Auto Financial Corp major shareholder Automobile Mutual Insura State Acquires 6,284 Shares (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 dated Tuesday, August 26th. The shares were purchased at an average price of $21.74 per share, with a total value of $136,614.16. Following the transaction, the insider now directly owns 25,523,188 shares of the company’s stock, valued at approximately $554,874,107. The transaction was disclosed in a document filed 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 sales and purchases with the SEC.
Shares of State Auto Financial Corp (NASDAQ:STFC) traded up 1.83% during mid-day trading on Wednesday, hitting $22.30. The stock had a trading volume of 20,245 shares. 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 $21.71 and a 200-day moving average of $21.53. The company has a market cap of $913.0 million and a P/E ratio of 13.87.
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 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 1.83%. 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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