Zacks Investment Research upgraded shares of State Auto Financial Corporation (NASDAQ:STFC) from a sell rating to a hold rating in a research report report published on Wednesday.

According to Zacks, “State Auto Financial Corporation is an insurance holding company, which engages, through its subsidiaries, primarily in the property and casualty insurance business. The company’s principal subsidiary is State Auto Property and Casualty Insurance Company. State Auto P&C is a regional insurer engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers’ compensation and fire insurance. “

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded State Auto Financial Corporation from a hold rating to a sell rating in a report on Friday, July 14th. BidaskClub upgraded State Auto Financial Corporation from a strong sell rating to a sell rating in a report on Friday, June 30th. Keefe, Bruyette & Woods reiterated a hold rating and set a $26.00 price target on shares of State Auto Financial Corporation in a report on Friday, August 18th. Finally, TheStreet downgraded State Auto Financial Corporation from a b rating to a c+ rating in a report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $26.00.

State Auto Financial Corporation (STFC) opened at 24.82 on Wednesday. State Auto Financial Corporation has a 1-year low of $19.54 and a 1-year high of $27.97. The company has a market capitalization of $1.04 billion, a PE ratio of 22.38 and a beta of 0.90. The company has a 50 day moving average of $24.70 and a 200 day moving average of $25.67.

State Auto Financial Corporation (NASDAQ:STFC) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.12. State Auto Financial Corporation had a return on equity of 1.46% and a net margin of 3.33%. The business had revenue of $339.90 million during the quarter, compared to the consensus estimate of $341.30 million. During the same quarter in the prior year, the company posted ($0.69) earnings per share. State Auto Financial Corporation’s revenue was up 2.1% compared to the same quarter last year. On average, analysts predict that State Auto Financial Corporation will post $0.35 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.61%. State Auto Financial Corporation’s dividend payout ratio (DPR) is presently 35.71%.

A number of large investors have recently made changes to their positions in STFC. Great West Life Assurance Co. Can bought a new position in State Auto Financial Corporation in the 2nd quarter valued at $126,000. Voya Investment Management LLC grew its stake in State Auto Financial Corporation by 21.9% in the 2nd quarter. Voya Investment Management LLC now owns 9,076 shares of the insurance provider’s stock valued at $234,000 after purchasing an additional 1,633 shares during the period. Goldman Sachs Group Inc. bought a new position in State Auto Financial Corporation in the 2nd quarter valued at $237,000. American International Group Inc. grew its stake in State Auto Financial Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock valued at $261,000 after purchasing an additional 635 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in State Auto Financial Corporation by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,644 shares of the insurance provider’s stock valued at $351,000 after purchasing an additional 839 shares during the period. Hedge funds and other institutional investors own 32.85% of the company’s stock.

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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