Insider Buying: Automobile Mutual Insura State Buys 4,883 Shares of State Auto Financial Corp Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State acquired 4,883 shares of State Auto Financial Corp stock in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average cost of $22.14 per share, with a total value of $108,109.62. Following the completion of the transaction, the insider now directly owns 25,530,371 shares in the company, valued at approximately $565,242,414. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
STFC has been the subject of a number of recent research reports. 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 0.37% during mid-day trading on Friday, hitting $21.66. The stock had a trading volume of 23,279 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 $21.64 and a 200-day moving average of $21.55. The company has a market cap of $886.8 million and a P/E ratio of 13.77.
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. On average, analysts predict that State Auto Financial Corp will post $1.48 earnings per share 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 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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