Stifel Financial Corp maintained its position in State Auto Financial Corporation (NASDAQ:STFC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,318 shares of the insurance provider’s stock at the close of the 2nd quarter. Stifel Financial Corp’s holdings in State Auto Financial Corporation were worth $265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its position in State Auto Financial Corporation by 13.2% in the 2nd quarter. TD Asset Management Inc. now owns 25,700 shares of the insurance provider’s stock valued at $661,000 after buying an additional 3,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in State Auto Financial Corporation by 4.1% in the 1st 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. American International Group Inc. raised its position 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 buying an additional 635 shares during the last quarter. Wells Fargo & Company MN raised its position in State Auto Financial Corporation by 5.1% in the 2nd quarter. Wells Fargo & Company MN now owns 108,289 shares of the insurance provider’s stock valued at $2,787,000 after buying an additional 5,231 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of State Auto Financial Corporation by 5.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 59,759 shares of the insurance provider’s stock valued at $1,641,000 after purchasing an additional 2,907 shares during the last quarter. 32.81% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $26.00 target price on shares of State Auto Financial Corporation in a research report on Friday, August 18th. ValuEngine lowered State Auto Financial Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. Zacks Investment Research raised State Auto Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, BidaskClub lowered State Auto Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. State Auto Financial Corporation presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Shares of State Auto Financial Corporation (NASDAQ STFC) opened at $25.58 on Friday. State Auto Financial Corporation has a 12-month low of $20.29 and a 12-month high of $27.97. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.13.

State Auto Financial Corporation (NASDAQ:STFC) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.08). State Auto Financial Corporation had a net margin of 1.94% and a negative return on equity of 1.53%. The business had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $342.70 million. During the same period in the prior year, the business earned $0.10 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. equities research analysts predict that State Auto Financial Corporation will post -0.23 earnings per share for the current fiscal year.

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

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