State Auto Financial (NASDAQ:STFC) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of State Auto Financial (NASDAQ:STFC) from a sell rating to a strong sell rating in a research note issued to investors on Friday morning, BidAskClub reports.

Several other research firms have also recently issued reports on STFC. Sidoti upgraded shares of State Auto Financial from a neutral rating to a buy rating and set a $18.00 target price on the stock in a research note on Wednesday, October 14th. ValuEngine upgraded shares of State Auto Financial from a hold rating to a buy rating in a research note on Tuesday, December 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $22.00.

Shares of State Auto Financial stock opened at $17.74 on Friday. The stock has a market cap of $777.69 million, a price-to-earnings ratio of -19.49 and a beta of -0.01. The firm’s 50-day moving average is $16.70 and its 200 day moving average is $15.77. State Auto Financial has a 1 year low of $12.07 and a 1 year high of $31.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.13 and a quick ratio of 0.13.

State Auto Financial (NASDAQ:STFC) last announced its quarterly earnings results on Tuesday, November 10th. The insurance provider reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.30). The firm had revenue of $371.10 million during the quarter, compared to the consensus estimate of $369.30 million. State Auto Financial had a negative return on equity of 0.56% and a negative net margin of 2.67%. On average, equities analysts expect that State Auto Financial will post 0.2 EPS for the current fiscal year.

In other State Auto Financial news, SVP Jason Earl Berkey purchased 5,000 shares of the company’s stock in a transaction on Wednesday, December 2nd. The stock was acquired at an average cost of $15.94 per share, for a total transaction of $79,700.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kim Burton Garland purchased 7,853 shares of the company’s stock in a transaction on Monday, November 30th. The stock was acquired at an average price of $15.12 per share, with a total value of $118,737.36. Following the completion of the purchase, the senior vice president now directly owns 144,811 shares in the company, valued at $2,189,542.32. The disclosure for this purchase can be found here. Insiders purchased a total of 14,538 shares of company stock valued at $224,435 over the last three months. 2.00% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its position in shares of State Auto Financial by 315.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,135 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 3,139 shares during the last quarter. Aperio Group LLC purchased a new stake in State Auto Financial in the third quarter worth $172,000. Engineers Gate Manager LP purchased a new position in shares of State Auto Financial during the second quarter valued at $197,000. Trexquant Investment LP purchased a new position in shares of State Auto Financial during the third quarter valued at $225,000. Finally, JPMorgan Chase & Co. increased its stake in shares of State Auto Financial by 13.2% during the third quarter. JPMorgan Chase & Co. now owns 17,452 shares of the insurance provider’s stock valued at $242,000 after buying an additional 2,031 shares during the period. Institutional investors and hedge funds own 33.79% of the company’s stock.

About State Auto Financial

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

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