State Auto Financial (NASDAQ:STFC) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Separately, Zacks Investment Research raised shares of State Auto Financial from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Saturday, January 20th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. State Auto Financial currently has an average rating of “Hold” and an average price target of $29.50.
State Auto Financial (NASDAQ:STFC) traded up $0.15 during midday trading on Wednesday, hitting $29.86. 3,471 shares of the company were exchanged, compared to its average volume of 36,401. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $1,271.52, a P/E ratio of -114.84 and a beta of 0.89. State Auto Financial has a 1 year low of $22.11 and a 1 year high of $30.85.
In other State Auto Financial news, insider Kim Burton Garland purchased 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was purchased at an average price of $28.47 per share, for a total transaction of $256,230.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven Eugene English sold 10,834 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $27.83, for a total transaction of $301,510.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,691 shares of company stock valued at $352,777. 1.54% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Company lifted its stake in shares of State Auto Financial by 16.6% in the 4th quarter. Dalton Greiner Hartman Maher & Company now owns 67,847 shares of the insurance provider’s stock worth $1,397,000 after acquiring an additional 9,661 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of State Auto Financial by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,388,855 shares of the insurance provider’s stock valued at $49,187,000 after purchasing an additional 26,619 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of State Auto Financial by 2.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 50,341 shares of the insurance provider’s stock valued at $1,037,000 after purchasing an additional 1,105 shares during the period. Bridgeway Capital Management Inc. lifted its stake in shares of State Auto Financial by 5.1% in the fourth quarter. Bridgeway Capital Management Inc. now owns 119,000 shares of the insurance provider’s stock valued at $2,450,000 after purchasing an additional 5,750 shares during the period. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of State Auto Financial in the fourth quarter valued at about $2,249,000. Hedge funds and other institutional investors own 34.67% of the company’s stock.
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About State Auto Financial
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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