Share on StockTwits

State Auto Financial Corp (NASDAQ:STFC) major shareholder Automobile Mutual Insura State acquired 3,996 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was purchased at an average price of $21.90 per share, with a total value of $87,512.40. Following the acquisition, the insider now directly owns 25,543,363 shares in the company, valued at approximately $559,399,650. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of State Auto Financial Corp (NASDAQ:STFC) traded down 0.23% during mid-day trading on Thursday, hitting $21.41. The stock had a trading volume of 23,427 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 $21.51 and a 200-day moving average of $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 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 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 1.83%. The ex-dividend date of this dividend is Monday, September 8th.

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, 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.

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.