Insider Buying: Automobile Mutual Insura State Buys 5,395 Shares of State Auto Financial Corp Stock (STFC)
State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State purchased 5,395 shares of the stock on the open market in a transaction that occurred on Thursday, September 4th. The shares were purchased at an average cost of $21.63 per share, for a total transaction of $116,693.85. Following the transaction, the insider now directly owns 25,548,758 shares in the company, valued at approximately $552,619,636. The purchase 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 shares are required to disclose their sales and purchases with the SEC.
Shares of State Auto Financial Corp (NASDAQ:STFC) traded down 0.23% on Thursday, hitting $21.41. 23,504 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 $21.51 and its 200-day moving average is $21.63. The company has a market cap of $876.6 million and a P/E ratio of 13.59.
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 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. 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 1.85%. The ex-dividend date of this dividend is Monday, September 8th.
A number of research firms have recently commented on STFC. 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. 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.
State Auto Financial Corporation (NASDAQ:STFC) is a property and casualty insurance holding company.
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