Alliancebernstein L.P. increased its stake in shares of State Auto Financial Corporation (NASDAQ:STFC) by 5.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 434,163 shares of the insurance provider’s stock after buying an additional 22,430 shares during the period. Alliancebernstein L.P.’s holdings in State Auto Financial Corporation were worth $11,918,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in State Auto Financial Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock valued at $261,000 after buying an additional 635 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in State Auto Financial Corporation during the fourth quarter valued at $390,000. Nationwide Fund Advisors boosted its stake in State Auto Financial Corporation by 3.1% in the first quarter. Nationwide Fund Advisors now owns 14,509 shares of the insurance provider’s stock valued at $398,000 after buying an additional 435 shares during the last quarter. Comerica Bank boosted its stake in State Auto Financial Corporation by 8.4% in the fourth quarter. Comerica Bank now owns 24,944 shares of the insurance provider’s stock valued at $643,000 after buying an additional 1,942 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in State Auto Financial Corporation by 0.6% in the first quarter. Wells Fargo & Company MN now owns 103,058 shares of the insurance provider’s stock valued at $2,829,000 after buying an additional 594 shares during the last quarter. Institutional investors and hedge funds own 32.35% of the company’s stock.

Institutional Ownership by Quarter for State Auto Financial Corporation (NASDAQ:STFC)

State Auto Financial Corporation (NASDAQ:STFC) traded up 0.15% on Tuesday, reaching $25.93. 446 shares of the company traded hands. The stock has a 50-day moving average price of $25.11 and a 200-day moving average price of $26.14. State Auto Financial Corporation has a 52-week low of $19.54 and a 52-week high of $27.97. The firm has a market cap of $1.09 billion, a P/E ratio of 78.58 and a beta of 0.90.

State Auto Financial Corporation (NASDAQ:STFC) last released its quarterly earnings data on Tuesday, May 2nd. The insurance provider reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.09. The company had revenue of $344.30 million for the quarter, compared to analyst estimates of $346.20 million. State Auto Financial Corporation had a negative return on equity of 1.55% and a net margin of 0.99%. State Auto Financial Corporation’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Analysts anticipate that State Auto Financial Corporation will post $0.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Friday, June 9th. State Auto Financial Corporation’s dividend payout ratio is 125.00%.

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Several research firms recently weighed in on STFC. Zacks Investment Research cut shares of State Auto Financial Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. TheStreet cut shares of State Auto Financial Corporation from a “b” rating to a “c+” rating in a research note on Monday, May 22nd. Finally, ValuEngine upgraded shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. State Auto Financial Corporation has an average rating of “Hold”.

In other State Auto Financial Corporation news, insider Jessica Elizabeth Clark sold 9,841 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $24.38, for a total value of $239,923.58. Following the completion of the transaction, the insider now directly owns 12,072 shares in the company, valued at approximately $294,315.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 65,569 shares of company stock valued at $1,606,555. 1.54% of the stock is owned by corporate insiders.

About State Auto Financial Corporation

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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