State Auto Financial Corporation (NASDAQ:STFC) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Sunday.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of State Auto Financial Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 25th. ValuEngine upgraded shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of State Auto Financial Corporation from a “b” rating to a “c+” rating in a research report on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold”.

State Auto Financial Corporation (NASDAQ STFC) traded down 0.92% during mid-day trading on Friday, reaching $24.76. 13,984 shares of the company were exchanged. The stock has a 50 day moving average of $25.13 and a 200-day moving average of $26.12. State Auto Financial Corporation has a one year low of $19.54 and a one year high of $27.97. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 75.03 and a beta of 0.90.

State Auto Financial Corporation (NASDAQ:STFC) last issued its quarterly earnings results on Tuesday, May 2nd. The insurance provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.13) by $0.09. State Auto Financial Corporation had a net margin of 0.99% and a negative return on equity of 1.55%. The firm had revenue of $344.30 million for the quarter, compared to analysts’ expectations of $346.20 million. During the same period in the prior year, the firm earned $0.05 EPS. State Auto Financial Corporation’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities analysts expect that State Auto Financial Corporation will post $0.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Tuesday, June 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, June 9th. State Auto Financial Corporation’s dividend payout ratio is presently 125.00%.

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In related news, insider Jessica Elizabeth Clark sold 9,841 shares of the business’s stock in a transaction 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 sale, the insider now owns 12,072 shares in the company, valued at $294,315.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 65,569 shares of company stock worth $1,606,555 in the last 90 days. 1.54% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of STFC. Thrivent Financial For Lutherans raised its position in State Auto Financial Corporation by 149.8% in the first quarter. Thrivent Financial For Lutherans now owns 326,990 shares of the insurance provider’s stock valued at $8,976,000 after buying an additional 196,110 shares during the last quarter. Wellington Management Group LLP purchased a new position in State Auto Financial Corporation during the first quarter valued at approximately $8,245,000. Alliancebernstein L.P. raised its position in State Auto Financial Corporation by 5.4% in the first quarter. Alliancebernstein L.P. now owns 434,163 shares of the insurance provider’s stock valued at $11,918,000 after buying an additional 22,430 shares during the last quarter. American International Group Inc. raised its position 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. Finally, Bank of New York Mellon Corp raised its position in State Auto Financial Corporation by 4.1% in the first quarter. Bank of New York Mellon Corp now owns 112,892 shares of the insurance provider’s stock valued at $3,099,000 after buying an additional 4,490 shares during the last quarter. 32.35% of the stock is owned by institutional investors.

State Auto Financial Corporation 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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