State Auto Financial Corporation (STFC) VP Matthew Stanley Mrozek Sells 3,380 Shares of Stock

State Auto Financial Corporation (NASDAQ:STFC) VP Matthew Stanley Mrozek sold 3,380 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $27.85, for a total value of $94,133.00. Following the transaction, the vice president now directly owns 8,633 shares of the company’s stock, valued at $240,429.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of State Auto Financial Corporation (NASDAQ STFC) opened at $28.43 on Tuesday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.14. State Auto Financial Corporation has a 12-month low of $22.11 and a 12-month 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) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.08). State Auto Financial had a negative return on equity of 1.53% and a net margin of 1.94%. The firm had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $342.70 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. equities research analysts predict that State Auto Financial Corporation will post -0.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, December 7th. State Auto Financial’s payout ratio is 61.54%.

Several research analysts have recently weighed in on the company. ValuEngine raised State Auto Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised State Auto Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $26.00 target price on shares of State Auto Financial in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. State Auto Financial presently has an average rating of “Hold” and an average target price of $26.00.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. increased its position in shares of State Auto Financial by 1.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,663 shares of the insurance provider’s stock worth $403,000 after purchasing an additional 173 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in State Auto Financial by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,082 shares of the insurance provider’s stock valued at $1,546,000 after buying an additional 323 shares in the last quarter. Rhumbline Advisers grew its holdings in State Auto Financial by 1.8% in the 2nd quarter. Rhumbline Advisers now owns 25,436 shares of the insurance provider’s stock valued at $654,000 after buying an additional 445 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in State Auto Financial 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 buying an additional 839 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in State Auto Financial by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,907 shares of the insurance provider’s stock valued at $2,931,000 after buying an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 33.10% 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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