State Auto Financial (NASDAQ:STFC) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Several other brokerages have also weighed in on STFC. Zacks Investment Research upgraded State Auto Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, September 13th. Keefe, Bruyette & Woods set a $30.00 price objective on State Auto Financial and gave the company a “hold” rating in a report on Monday, August 6th.

Shares of STFC stock opened at $33.41 on Wednesday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.14. State Auto Financial has a 1 year low of $25.92 and a 1 year high of $34.31. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -83.53 and a beta of 0.63.

State Auto Financial (NASDAQ:STFC) last announced its quarterly earnings results on Thursday, November 1st. The insurance provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.17. State Auto Financial had a return on equity of 4.62% and a net margin of 2.29%. The company had revenue of $346.00 million during the quarter, compared to analyst estimates of $325.60 million. During the same quarter in the previous year, the firm posted ($0.54) EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Equities analysts expect that State Auto Financial will post 1.15 EPS for the current year.

In other news, insider Steven Eugene English sold 3,633 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $34.00, for a total value of $123,522.00. Following the completion of the sale, the insider now owns 39,148 shares in the company, valued at $1,331,032. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.97% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of State Auto Financial by 4.1% during the third quarter. Thrivent Financial for Lutherans now owns 345,712 shares of the insurance provider’s stock valued at $10,558,000 after purchasing an additional 13,502 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of State Auto Financial by 52.4% during the third quarter. MetLife Investment Advisors LLC now owns 12,098 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 4,158 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of State Auto Financial by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,601,944 shares of the insurance provider’s stock valued at $79,463,000 after purchasing an additional 21,551 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of State Auto Financial by 1.3% during the third quarter. BlackRock Inc. now owns 1,124,993 shares of the insurance provider’s stock valued at $34,358,000 after purchasing an additional 13,944 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of State Auto Financial by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 124,891 shares of the insurance provider’s stock valued at $3,814,000 after purchasing an additional 3,275 shares during the last quarter. 35.82% of the stock is owned by institutional investors and hedge funds.

State Auto Financial Company Profile

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.

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