State Auto Financial (NASDAQ:STFC) Stock Rating Upgraded by TheStreet

State Auto Financial (NASDAQ:STFC) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Friday, TheStreetRatingsTable reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut State Auto Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, November 8th. ValuEngine raised State Auto Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, BidaskClub upgraded State Auto Financial from a “sell” rating to a “hold” rating in a report on Saturday.

Shares of NASDAQ STFC opened at $31.97 on Friday. State Auto Financial has a twelve month low of $28.10 and a twelve month high of $36.45. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 26.64 and a beta of 0.33. 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 company’s fifty day moving average is $32.72 and its 200-day moving average is $33.44.

State Auto Financial (NASDAQ:STFC) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.15). The firm had revenue of $334.50 million during the quarter, compared to the consensus estimate of $340.00 million. State Auto Financial had a net margin of 2.31% and a return on equity of 4.88%. State Auto Financial’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 EPS. On average, research analysts anticipate that State Auto Financial will post 1.03 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new position in State Auto Financial in the second quarter valued at approximately $25,000. Bank of Montreal Can bought a new stake in shares of State Auto Financial during the second quarter worth $51,000. KBC Group NV bought a new stake in shares of State Auto Financial during the second quarter worth $83,000. Aperio Group LLC acquired a new stake in shares of State Auto Financial during the second quarter worth $119,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of State Auto Financial during the second quarter worth $120,000. Hedge funds and other institutional investors own 33.53% 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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