State Auto Financial Corp (NASDAQ:STFC) VP Sells $115,662.00 in Stock

State Auto Financial Corp (NASDAQ:STFC) VP Matthew Stanley Mrozek sold 3,700 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $31.26, for a total transaction of $115,662.00. Following the completion of the sale, the vice president now owns 6,474 shares of the company’s stock, valued at approximately $202,377.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of STFC stock opened at $31.41 on Friday. The stock has a market cap of $1.37 billion, a P/E ratio of 26.17 and a beta of 0.33. State Auto Financial Corp has a one year low of $28.10 and a one year high of $36.45. The stock has a fifty day moving average price of $32.65 and a 200 day moving average price of $33.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.05 and a quick ratio of 0.05.

State Auto Financial (NASDAQ:STFC) last announced its quarterly earnings results on Thursday, October 31st. The insurance provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). State Auto Financial had a net margin of 2.31% and a return on equity of 4.88%. The business had revenue of $334.50 million during the quarter, compared to the consensus estimate of $340.00 million. During the same period last year, the firm earned $0.44 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that State Auto Financial Corp will post 1.03 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in State Auto Financial in the second quarter worth about $120,000. Swiss National Bank boosted its holdings in State Auto Financial by 2.9% during the second quarter. Swiss National Bank now owns 32,300 shares of the insurance provider’s stock valued at $1,131,000 after purchasing an additional 900 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of State Auto Financial in the 2nd quarter valued at approximately $2,587,000. BlackRock Inc. grew its stake in shares of State Auto Financial by 7.1% in the 2nd quarter. BlackRock Inc. now owns 1,205,419 shares of the insurance provider’s stock valued at $42,190,000 after purchasing an additional 80,115 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of State Auto Financial by 1,597.3% in the 2nd quarter. Bank of America Corp DE now owns 199,156 shares of the insurance provider’s stock worth $6,971,000 after buying an additional 187,422 shares in the last quarter. 33.53% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on STFC shares. BidaskClub upgraded State Auto Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Zacks Investment Research cut State Auto Financial from a “hold” rating to a “strong sell” rating in a report on Friday, November 8th. TheStreet upgraded State Auto Financial from a “c+” rating to a “b” rating in a research report on Friday, November 29th. Finally, ValuEngine raised State Auto Financial from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

State Auto Financial Company Profile

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.

Featured Article: FTSE 100 Index

Receive News & Ratings for State Auto Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Auto Financial and related companies with MarketBeat.com's FREE daily email newsletter.