State Auto Financial Corporation (STFC) Receives Average Rating of “Hold” from Analysts

Shares of State Auto Financial Corporation (NASDAQ:STFC) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $26.00.

Several equities analysts recently commented on STFC shares. BidaskClub raised shares of State Auto Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine cut shares of State Auto Financial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $26.00 price target on shares of State Auto Financial Corporation in a research note on Friday, August 18th.

State Auto Financial Corporation (NASDAQ:STFC) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.12. The company had revenue of $339.90 million during the quarter, compared to analysts’ expectations of $341.30 million. State Auto Financial Corporation had a net margin of 3.33% and a return on equity of 1.46%. State Auto Financial Corporation’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.69) earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a $0.10 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. State Auto Financial Corporation’s dividend payout ratio is presently 35.71%.

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Hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can purchased a new position in State Auto Financial Corporation in the 2nd quarter worth approximately $126,000. Voya Investment Management LLC boosted its stake in shares of 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 purchasing an additional 1,633 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of State Auto Financial Corporation in the 2nd quarter valued at $237,000. American International Group Inc. boosted its stake in shares of 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 purchasing an additional 635 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of 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 purchasing an additional 83

Several equities analysts recently commented on STFC shares. BidaskClub raised shares of State Auto Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine cut shares of State Auto Financial Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $26.00 price target on shares of State Auto Financial Corporation in a research note on Friday, August 18th.

State Auto Financial Corporation (NASDAQ:STFC) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.12. The company had revenue of $339.90 million during the quarter, compared to analysts’ expectations of $341.30 million. State Auto Financial Corporation had a net margin of 3.33% and a return on equity of 1.46%. State Auto Financial Corporation’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.69) earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a $0.10 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. State Auto Financial Corporation’s dividend payout ratio is presently 35.71%.

ILLEGAL ACTIVITY WARNING: “State Auto Financial Corporation (STFC) Receives Average Rating of “Hold” from Analysts” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://ledgergazette.com/2017/10/22/state-auto-financial-corporation-stfc-receives-average-rating-of-hold-from-analysts.html.

Hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can purchased a new position in State Auto Financial Corporation in the 2nd quarter worth approximately $126,000. Voya Investment Management LLC boosted its stake in shares of 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 purchasing an additional 1,633 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of State Auto Financial Corporation in the 2nd quarter valued at $237,000. American International Group Inc. boosted its stake in shares of 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 purchasing an additional 635 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of 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 purchasing an additional 839 shares in the last quarter. 32.84% of the stock is owned by institutional investors and hedge funds.

About State Auto Financial Corporation

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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