Great West Life Assurance Co. Can bought a new stake in shares of State Auto Financial Corporation (NASDAQ:STFC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,917 shares of the insurance provider’s stock, valued at approximately $126,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American International Group Inc. increased its position in State Auto Financial Corporation by 7.1% during 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. Nationwide Fund Advisors grew its position in shares of State Auto Financial Corporation by 3.1% in the 1st quarter. Nationwide Fund Advisors now owns 14,509 shares of the insurance provider’s stock worth $398,000 after buying an additional 435 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of State Auto Financial Corporation in the 1st quarter worth approximately $425,000. Schwab Charles Investment Management Inc. grew its position in shares of State Auto Financial Corporation by 5.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 59,759 shares of the insurance provider’s stock worth $1,641,000 after buying an additional 2,907 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of State Auto Financial Corporation by 0.6% in the 1st quarter. Wells Fargo & Company MN now owns 103,058 shares of the insurance provider’s stock worth $2,829,000 after buying an additional 594 shares during the last quarter. 32.85% of the stock is currently owned by institutional investors and hedge funds.

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STFC has been the topic of a number of analyst reports. TheStreet downgraded shares of State Auto Financial Corporation from a “b” rating to a “c+” rating in a research report on Monday, May 22nd. Zacks Investment Research raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $26.00 price objective on shares of State Auto Financial Corporation in a research report on Friday, August 18th. ValuEngine raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, BidaskClub raised shares of State Auto Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.00.

State Auto Financial Corporation (NASDAQ STFC) opened at 24.82 on Monday. The stock has a market cap of $1.04 billion, a P/E ratio of 22.38 and a beta of 0.90. The stock has a 50 day moving average of $24.70 and a 200-day moving average of $25.67. State Auto Financial Corporation has a 12 month low of $19.54 and a 12 month high of $27.97.

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

The business also recently declared 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 is Tuesday, September 12th. This represents a $0.40 annualized dividend and a yield of 1.61%. State Auto Financial Corporation’s dividend payout ratio is currently 35.71%.

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

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