State Auto Financial Corp (NASDAQ:STFC) Position Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC raised its stake in shares of State Auto Financial Corp (NASDAQ:STFC) by 16.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 291,368 shares of the insurance provider’s stock after acquiring an additional 40,868 shares during the quarter. Renaissance Technologies LLC owned approximately 0.67% of State Auto Financial worth $10,198,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of STFC. Quantamental Technologies LLC bought a new stake in State Auto Financial in the 2nd quarter valued at about $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in State Auto Financial by 109.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 998 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 522 shares during the last quarter. Bank of Montreal Can bought a new stake in State Auto Financial in the 2nd quarter valued at about $51,000. KBC Group NV bought a new stake in State Auto Financial in the 2nd quarter valued at about $83,000. Finally, SG Americas Securities LLC bought a new stake in State Auto Financial in the 1st quarter valued at about $107,000. Institutional investors own 33.44% of the company’s stock.

State Auto Financial stock traded down $0.24 during trading hours on Monday, hitting $32.13. 618 shares of the company traded hands, compared to its average volume of 35,183. The firm has a market cap of $1.41 billion, a P/E ratio of 26.83 and a beta of 0.34. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $32.46 and its two-hundred day simple moving average is $33.72. State Auto Financial Corp has a 1-year low of $28.46 and a 1-year high of $36.45.



State Auto Financial (NASDAQ:STFC) last posted its quarterly earnings results on Thursday, August 1st. The insurance provider reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.38). The company had revenue of $340.10 million for the quarter, compared to analyst estimates of $340.10 million. State Auto Financial had a return on equity of 5.49% and a net margin of 3.95%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share. On average, equities research analysts predict that State Auto Financial Corp will post 1.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, September 16th. State Auto Financial’s dividend payout ratio is currently 33.33%.

Several analysts recently weighed in on STFC shares. Zacks Investment Research downgraded shares of State Auto Financial from a “hold” rating to a “sell” rating in a research report on Thursday, July 18th. TheStreet cut shares of State Auto Financial from a “b” rating to a “c+” rating in a research note on Friday, August 23rd. Finally, BidaskClub cut shares of State Auto Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th.

In related news, Director Michelle Lantow purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $31.03 per share, for a total transaction of $31,030.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at approximately $31,030. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.83% of the company’s stock.

About State Auto Financial

State Auto Financial Corporation, through its subsidiaries, engages in writing personal and business 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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Institutional Ownership by Quarter for State Auto Financial (NASDAQ:STFC)

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