Share on StockTwits

State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State acquired 3,144 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average price of $21.66 per share, for a total transaction of $68,099.04. Following the completion of the purchase, the insider now directly owns 25,533,515 shares of the company’s stock, valued at approximately $553,055,935. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock 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, August 25th. 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.

Shares of State Auto Financial Corp (NASDAQ:STFC) traded up 1.29% during mid-day trading on Tuesday, hitting $21.98. 31,960 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’s 50-day moving average is $21.58 and its 200-day moving average is $21.57. The company has a market cap of $899.9 million and a price-to-earnings ratio of 13.74.

State Auto Financial Corp (NASDAQ:STFC) last issued its quarterly earnings data 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. Stockholders 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.

State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.