State Auto Financial Corporation (STFC) Insider John M. Petrucci Sells 10,682 Shares

State Auto Financial Corporation (NASDAQ:STFC) insider John M. Petrucci sold 10,682 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $27.84, for a total transaction of $297,386.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

State Auto Financial Corporation (NASDAQ:STFC) opened at $28.43 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.14. State Auto Financial Corporation has a 52 week low of $22.11 and a 52 week high of $28.98.

State Auto Financial (NASDAQ:STFC) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.08). State Auto Financial had a net margin of 1.94% and a negative return on equity of 1.53%. The company had revenue of $358.40 million for the quarter, compared to analyst estimates of $342.70 million. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. sell-side analysts forecast that State Auto Financial Corporation will post -0.32 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. State Auto Financial’s payout ratio is currently 61.54%.

A number of research analysts have issued reports on STFC shares. Zacks Investment Research upgraded shares of State Auto Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $26.00 price target on shares of State Auto Financial in a research note on Friday, August 18th. Finally, ValuEngine upgraded shares of State Auto Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. State Auto Financial presently has a consensus rating of “Hold” and an average target price of $26.00.

Several large investors have recently added to or reduced their stakes in the company. Earnest Partners LLC increased its stake in shares of State Auto Financial by 2.4% in the third quarter. Earnest Partners LLC now owns 780,544 shares of the insurance provider’s stock worth $20,474,000 after acquiring an additional 18,219 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of State Auto Financial by 5.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 63,059 shares of the insurance provider’s stock worth $1,655,000 after acquiring an additional 2,977 shares during the period. Wells Fargo & Company MN increased its stake in shares of State Auto Financial by 6.0% in the third quarter. Wells Fargo & Company MN now owns 114,776 shares of the insurance provider’s stock worth $3,010,000 after acquiring an additional 6,487 shares during the period. Russell Investments Group Ltd. increased its stake in shares of State Auto Financial by 21.8% in the third quarter. Russell Investments Group Ltd. now owns 191,476 shares of the insurance provider’s stock worth $5,022,000 after acquiring an additional 34,217 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in shares of State Auto Financial by 15.1% in the third quarter. Deprince Race & Zollo Inc. now owns 430,341 shares of the insurance provider’s stock worth $11,288,000 after acquiring an additional 56,554 shares during the period. Hedge funds and other institutional investors own 33.10% of the company’s stock.

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State Auto Financial 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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