Chicago Equity Partners LLC has a new investment in State Auto Financial Corp. in the fourth quarter. (NASDAQ: STFC). The fund acquired 7,000 shares of the insurance company worth approximately $ 238,000.
Other major investors have recently raised or lowered their stake in the company. Comerica Bank increased its stake in State Auto Financial by 8.7% in the third quarter. Comerica Bank now owns 39,744 shares of the insurance company worth $ 1,193,000 after having acquired a further 3,181 shares in the last quarter. Bank of New York Mellon Corp increased its stake in State Auto Financial by 2.7% in the third quarter. The Bank of New York Mellon Corp now owns 124,891 shares of the insurance company worth $ 3,814,000, after acquiring another 3,275 shares in the last quarter. MetLife Investment Advisors LLC increased its stake in State Auto Financials by 52.4% in the third quarter. MetLife Investment Advisors LLC now owns 12,098 shares of the insurance company worth $ 369,000, after acquiring a further 4,158 shares in the final quarter. Keybank National Association OH increased its stake in State Auto Financial by 22.4% in the third quarter. Keybank National Association OH now owns $ 26,000 in insurance assets worth $ 802,000, having acquired a further 4,800 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in State Auto Financials by 32.4% in the fourth quarter. Rhumbline Advisers now owns 29,521 shares of the insurance company worth $ 1,005,000, after acquiring another 7,227 shares in the last quarter. Institutional investors and hedge funds hold 34.60% of the company's stock.
Shares of STFC stock traded on Friday at $ 0.17, reaching $ 33.10. 183,224 shares of the company's shares were traded, compared to an average volume of 50,183 shares. State Auto Financial Corp. has a 12-month low of $ 27.37 and a 12-month high of $ 35.05. The company has a current ratio of 0.05, a rapid ratio of 0.05 and a debt ratio of 0.14. The company has a market capitalization of $ 1.43 billion, a price-performance ratio of 27.58 and a beta of 0.42.
State Auto Financial (NASDAQ: STFC) last announced its quarterly results on Thursday, February 14. The insurer earned $ 0.67 per share for the quarter, outperforming analysts' consensus estimates of $ 0.63 by $ 0.04. State Auto Financial had a return on equity of 6.09% and a net margin of 1.00%. The Company generated $ 264.40 million in revenue for the quarter, compared to a consensus estimate of $ 325.65 million. In the same quarter last year, the company posted earnings per share ($ 0.49). State Auto Financial revenue declined 27.2% quarter over quarter in the quarter. On average, sell-side analysts predict that State Auto Financial Corp will generate EPS of 1.85 per share for the current year.
The company also recently approved a quarterly dividend, which will be paid on Thursday, March 28. Shareholders registered on Wednesday, March 13, receive a dividend of $ 0.10 per share. The ex-dividend date is Tuesday, March 12. This equates to a dividend of $ 0.40 on an annualized basis and a dividend yield of 1.21%. The payout ratio of State Auto Financial is 33.33%.
In other government auto finance news, insider Melissa A. Centers sold 1,095 shares of the company as part of a transaction on Tuesday, February 19. The stock was sold at an average price of $ 34.81 and a total value of $ 38,116.95. The sale was published in a deposit deposited with the SEC, which is accessible via the SEC website, Insiders hold 1.97% of the company's stock.
A number of equity analysts have recently published reports on the company. BidaskClub lowered State Auto Financial from a "strong buy" rating to a "buy" rating on Saturday, February 2, in a research report. Zack's Investment Research In a research report dated Saturday, February 16, State Auto Financial was downgraded from a buy rating to a hold rating.
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State Auto Financial Company Profile
State Auto Financial Corporation writes personal, business and specialty insurance products through its subsidiaries. It is divided into four segments: personal insurance, commercial insurance, special insurance and investment business. The personal insurance segment mainly comprises passenger cars, household contents insurance and other personal insurance products.
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