Earnest Partners LLC lessened its holdings in shares of State Auto Financial Corp (NASDAQ:STFC) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 757,442 shares of the insurance provider’s stock after selling 23,102 shares during the quarter. Earnest Partners LLC owned about 1.79% of State Auto Financial worth $22,057,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. raised its stake in State Auto Financial by 1.3% during the 4th quarter. BlackRock Inc. now owns 1,045,379 shares of the insurance provider’s stock valued at $30,442,000 after purchasing an additional 13,037 shares during the period. Alliancebernstein L.P. raised its stake in State Auto Financial by 2.4% during the 4th quarter. Alliancebernstein L.P. now owns 559,443 shares of the insurance provider’s stock valued at $16,291,000 after purchasing an additional 13,160 shares during the period. Deprince Race & Zollo Inc. increased its stake in State Auto Financial by 5.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 454,587 shares of the insurance provider’s stock worth $13,238,000 after acquiring an additional 24,246 shares during the last quarter. State Street Corp increased its stake in State Auto Financial by 5.3% in the 2nd quarter. State Street Corp now owns 297,875 shares of the insurance provider’s stock worth $7,667,000 after acquiring an additional 14,971 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in State Auto Financial by 5.8% in the 4th quarter. Renaissance Technologies LLC now owns 239,700 shares of the insurance provider’s stock worth $6,980,000 after acquiring an additional 13,100 shares during the last quarter. 34.67% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on STFC. BidaskClub raised State Auto Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised State Auto Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.50.
Shares of State Auto Financial Corp (NASDAQ:STFC) opened at $29.48 on Thursday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.14. State Auto Financial Corp has a 12 month low of $22.11 and a 12 month high of $30.85. The stock has a market capitalization of $1,250.00, a P/E ratio of 49.13 and a beta of 0.89.
State Auto Financial (NASDAQ:STFC) last released its quarterly earnings data on Tuesday, February 20th. The insurance provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.07). The firm had revenue of $362.90 million during the quarter, compared to the consensus estimate of $289.70 million. State Auto Financial had a negative return on equity of 1.85% and a negative net margin of 0.75%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. sell-side analysts expect that State Auto Financial Corp will post 1.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Tuesday, March 13th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, March 12th. State Auto Financial’s dividend payout ratio (DPR) is 66.67%.
In related news, insider Kim Burton Garland bought 9,000 shares of the company’s stock in a transaction dated 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Melissa A. Centers sold 1,067 shares of State Auto Financial stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $27.62, for a total value of $29,470.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,691 shares of company stock valued at $352,777. Company insiders own 1.54% 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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