Insider Buying: Automobile Mutual Insura State Buys 5,852 Shares of State Auto Financial Corp Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State acquired 5,852 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were purchased at an average price of $21.84 per share, for a total transaction of $127,807.68. Following the completion of the purchase, the insider now directly owns 25,539,367 shares in the company, valued at approximately $557,779,775. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large 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, 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.
State Auto Financial Corp (NASDAQ:STFC) traded down 2.37% on Wednesday, hitting $21.46. 19,712 shares of the company’s stock traded hands. 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 $21.53 and a 200-day moving average of $21.63. The company has a market cap of $878.6 million and a P/E ratio of 13.92.
State Auto Financial Corp (NASDAQ:STFC) last announced its 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 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 1.83%. The ex-dividend date is Monday, September 8th.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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