State Auto Financial Corp major shareholder Acquires $51,106 in Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State purchased 2,300 shares of the stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $22.22 per share, for a total transaction of $51,106.00. Following the completion of the acquisition, the insider now directly owns 25,525,488 shares in the company, valued at approximately $567,176,343. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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 Corp (NASDAQ:STFC) traded down 0.81% on Thursday, hitting $22.12. The stock had a trading volume of 7,089 shares. State Auto Financial Corp has a 1-year low of $17.56 and a 1-year high of $25.43. The stock has a 50-day moving average of $21.68 and a 200-day moving average of $21.55. The company has a market cap of $905.7 million and a price-to-earnings ratio of 14.12.
State Auto Financial Corp (NASDAQ:STFC) last posted its quarterly earnings results 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 quarterly revenue 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 1.79%. The ex-dividend date of this dividend is Monday, September 8th.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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