State Auto Financial Corporation (NASDAQ:STFC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “State Auto Financial Corporation is an insurance holding company, which engages, through its subsidiaries, primarily in the property and casualty insurance business. The company’s principal subsidiary is State Auto Property and Casualty Insurance Company. State Auto P&C is a regional insurer engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers’ compensation and fire insurance. “

STFC has been the topic of a number of other reports. TheStreet cut State Auto Financial Corporation from a “b” rating to a “c+” rating in a research report on Monday, May 22nd. ValuEngine upgraded State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut State Auto Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $26.00 price target on shares of State Auto Financial Corporation in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. State Auto Financial Corporation currently has an average rating of “Hold” and a consensus price target of $26.00.

Shares of State Auto Financial Corporation (NASDAQ STFC) traded up 3.51% on Wednesday, hitting $24.18. The company’s stock had a trading volume of 39,780 shares. State Auto Financial Corporation has a 1-year low of $19.54 and a 1-year high of $27.97. The company has a 50 day moving average of $24.72 and a 200 day moving average of $25.74. The firm has a market cap of $1.02 billion, a PE ratio of 21.80 and a beta of 0.90.

State Auto Financial Corporation (NASDAQ:STFC) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.12. The business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $341.30 million. State Auto Financial Corporation had a return on equity of 1.46% and a net margin of 3.33%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.69) EPS. Equities analysts forecast that State Auto Financial Corporation will post $0.39 EPS for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can acquired a new stake in State Auto Financial Corporation in the 2nd quarter valued at approximately $126,000. Voya Investment Management LLC increased its position in State Auto Financial Corporation by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 9,076 shares of the insurance provider’s stock valued at $234,000 after acquiring an additional 1,633 shares during the period. Goldman Sachs Group Inc. acquired a new stake in State Auto Financial Corporation in the 2nd quarter valued at approximately $237,000. American International Group Inc. increased its position in State Auto Financial Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock valued at $261,000 after acquiring an additional 635 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in State Auto Financial Corporation by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,644 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 839 shares during the period. Hedge funds and other institutional investors own 32.85% of the company’s stock.

State Auto Financial Corporation Company Profile

State Auto Financial Corporation is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include Personal Insurance Segment, Commercial Insurance Segment and Specialty Insurance Segment. Its Personal Insurance Segment include personal auto, homeowners and other personal; Commercial Insurance Segment include commercial auto, small commercial package, middle market commercial, workers’ compensation and other commercial, and Specialty Insurance Segment include Excess & Surplus (E&S) property, E&S casualty and programs.

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