Citadel Advisors LLC trimmed its position in State Auto Financial Corp (NASDAQ:STFC) by 39.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,637 shares of the insurance provider’s stock after selling 6,176 shares during the period. Citadel Advisors LLC’s holdings in State Auto Financial were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Voya Investment Management LLC increased its position in State Auto Financial by 21.9% during 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. purchased a new position in State Auto Financial during the 2nd quarter valued at $237,000. The Manufacturers Life Insurance Company increased its position in State Auto Financial by 6.6% during 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. Huntington National Bank purchased a new position in State Auto Financial during the 4th quarter valued at $712,000. Finally, Comerica Bank increased its position in State Auto Financial by 14.2% during the 3rd quarter. Comerica Bank now owns 36,659 shares of the insurance provider’s stock valued at $942,000 after purchasing an additional 4,568 shares during the period. 34.67% of the stock is currently owned by institutional investors.

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A number of research analysts have issued reports on STFC shares. BidaskClub downgraded shares of State Auto Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research raised shares of State Auto Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. State Auto Financial presently has a consensus rating of “Hold” and a consensus target price of $29.50.

In other news, insider Kim Burton Garland purchased 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average price of $28.47 per share, for a total transaction of $256,230.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Melissa A. Centers sold 1,067 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $27.62, for a total transaction of $29,470.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,691 shares of company stock worth $352,777. 1.54% of the stock is currently owned by company insiders.

Shares of State Auto Financial Corp (NASDAQ:STFC) opened at $29.48 on Thursday. State Auto Financial Corp has a fifty-two week low of $22.11 and a fifty-two week high of $30.85. The company has a market cap of $1,250.00, a price-to-earnings ratio of 49.13 and a beta of 0.89. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.14.

State Auto Financial (NASDAQ:STFC) last announced its earnings results on Tuesday, February 20th. The insurance provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.07). The business had revenue of $362.90 million for the quarter, compared to the consensus estimate of $289.70 million. State Auto Financial had a negative net margin of 0.75% and a negative return on equity of 1.85%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 EPS. sell-side analysts forecast that State Auto Financial Corp will post 1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Tuesday, March 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, March 12th. State Auto Financial’s payout ratio is 66.67%.

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State Auto Financial 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 (NASDAQ:STFC)

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