Bank of New York Mellon Corp Has $2,717,000 Position in State Auto Financial Corp. (STFC)
Bank of New York Mellon Corp increased its stake in shares of State Auto Financial Corp. (NASDAQ:STFC) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,000 shares of the company’s stock after buying an additional 2,497 shares during the period. Bank of New York Mellon Corp owned approximately 0.30% of State Auto Financial Corp. worth $2,717,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of STFC. Deprince Race & Zollo Inc. acquired a new stake in State Auto Financial Corp. during the second quarter valued at $510,000. Strs Ohio boosted its stake in State Auto Financial Corp. by 8.5% in the second quarter. Strs Ohio now owns 25,600 shares of the company’s stock valued at $560,000 after buying an additional 2,000 shares during the period. Prudential Financial Inc. boosted its stake in State Auto Financial Corp. by 1.2% in the first quarter. Prudential Financial Inc. now owns 112,069 shares of the company’s stock valued at $2,472,000 after buying an additional 1,300 shares during the period. Geode Capital Management LLC boosted its stake in State Auto Financial Corp. by 1.5% in the first quarter. Geode Capital Management LLC now owns 116,087 shares of the company’s stock valued at $2,560,000 after buying an additional 1,699 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in State Auto Financial Corp. by 22.8% in the first quarter. Renaissance Technologies LLC now owns 157,000 shares of the company’s stock valued at $3,463,000 after buying an additional 29,200 shares during the period. Institutional investors own 30.34% of the company’s stock.
State Auto Financial Corp. (NASDAQ:STFC) traded up 2.65% on Friday, hitting $23.81. The stock had a trading volume of 25,418 shares. The stock’s 50-day moving average is $23.31 and its 200 day moving average is $21.98. The firm has a market capitalization of $992.31 million, a price-to-earnings ratio of 449.25 and a beta of 0.72. State Auto Financial Corp. has a 1-year low of $17.84 and a 1-year high of $25.69.
State Auto Financial Corp. (NASDAQ:STFC) last released its earnings results on Thursday, August 4th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.51. The firm had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $332.60 million. State Auto Financial Corp. had a negative return on equity of 1.42% and a net margin of 0.16%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts predict that State Auto Financial Corp. will post $0.17 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, September 14th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. State Auto Financial Corp.’s dividend payout ratio is 800.00%.
Several equities research analysts have weighed in on STFC shares. Zacks Investment Research upgraded State Auto Financial Corp. from a “strong sell” rating to a “hold” rating in a report on Thursday, June 30th. TheStreet upgraded State Auto Financial Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $26.00.
In other State Auto Financial Corp. news, insider Kim Burton Garland bought 6,356 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were purchased at an average price of $23.63 per share, with a total value of $150,192.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.56% of the company’s stock.
About State Auto Financial Corp.
State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include personal insurance, business insurance, specialty insurance and investment operations. Its personal insurance, business insurance and specialty insurance are known as insurance segments of the Company.
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