Boston Partners lowered its stake in shares of State Auto Financial Corp (NASDAQ:STFC) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,386 shares of the insurance provider’s stock after selling 2,915 shares during the quarter. Boston Partners owned about 0.25% of State Auto Financial worth $3,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in STFC. Schwab Charles Investment Management Inc. increased its position in shares of State Auto Financial by 0.5% during the second 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 during the period. Wells Fargo & Company MN boosted its stake in State Auto Financial by 5.1% during the second quarter. Wells Fargo & Company MN now owns 108,289 shares of the insurance provider’s stock worth $2,787,000 after acquiring an additional 5,231 shares in the last quarter. Teachers Advisors LLC boosted its stake in State Auto Financial by 14.2% during the second quarter. Teachers Advisors LLC now owns 28,213 shares of the insurance provider’s stock worth $726,000 after acquiring an additional 3,503 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in State Auto Financial by 4.8% during the second quarter. TIAA CREF Investment Management LLC now owns 42,270 shares of the insurance provider’s stock worth $1,088,000 after acquiring an additional 1,948 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in State Auto Financial by 6.7% during the second quarter. Northern Trust Corp now owns 221,063 shares of the insurance provider’s stock worth $5,687,000 after acquiring an additional 13,864 shares in the last quarter. Institutional investors own 33.49% of the company’s stock.
Several equities research analysts recently commented on STFC shares. Zacks Investment Research raised shares of State Auto Financial from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research note on Saturday, January 20th. BidaskClub raised shares of State Auto Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.50.
In related news, insider John M. Petrucci sold 10,682 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $27.84, for a total transaction of $297,386.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Matthew Stanley Mrozek sold 3,380 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.85, for a total transaction of $94,133.00. Following the sale, the vice president now directly owns 8,633 shares in the company, valued at approximately $240,429.05. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.
Shares of State Auto Financial Corp (NASDAQ STFC) opened at $28.63 on Wednesday. State Auto Financial Corp has a 52 week low of $22.11 and a 52 week high of $30.85. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.08 and a current ratio of 0.08. The company has a market cap of $1,218.12, a PE ratio of 44.62 and a beta of 0.85.
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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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