State Auto Financial Corporation (STFC) VP Sells $94,133.00 in 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 shares were sold at an average price of $27.85, for a total value of $94,133.00. Following the completion of the sale, the vice president now directly owns 8,633 shares in the company, valued at approximately $240,429.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of State Auto Financial Corporation (STFC) traded up $0.55 during trading on Monday, hitting $28.43. The company’s stock had a trading volume of 28,119 shares, compared to its average volume of 37,671. State Auto Financial Corporation has a one year low of $22.11 and a one year high of $28.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.08 and a current ratio of 0.08.
State Auto Financial (NASDAQ:STFC) last issued its quarterly earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $342.70 million. During the same period in the prior year, the company earned $0.10 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. analysts expect that State Auto Financial Corporation will post -0.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, December 7th. State Auto Financial’s dividend payout ratio is presently 61.54%.
Institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can purchased a new position in shares of State Auto Financial during the 2nd quarter worth $126,000. Voya Investment Management LLC lifted its stake in shares of State Auto Financial by 21.9% during the 2nd quarter. Voya Investment Management LLC now owns 9,076 shares of the insurance provider’s stock worth $234,000 after purchasing an additional 1,633 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of State Auto Financial during the 2nd quarter worth $237,000. The Manufacturers Life Insurance Company lifted its stake in shares of State Auto Financial by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,644 shares of the insurance provider’s stock worth $351,000 after purchasing an additional 839 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of State Auto Financial during the 2nd quarter worth $389,000. 33.10% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on STFC. 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 issued a $26.00 target price on shares of State Auto Financial in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $26.00.
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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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