IFP Advisors Inc maintained its position in State Auto Financial Corporation (NASDAQ:STFC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,178 shares of the insurance provider’s stock at the end of the second quarter. IFP Advisors Inc’s holdings in State Auto Financial Corporation were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new position in State Auto Financial Corporation during the second quarter valued at approximately $126,000. American International Group Inc. increased its position in State Auto Financial Corporation by 7.1% in the first quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock valued at $261,000 after buying an additional 635 shares during the last quarter. Nationwide Fund Advisors increased its position in State Auto Financial Corporation by 3.1% in the first quarter. Nationwide Fund Advisors now owns 14,509 shares of the insurance provider’s stock valued at $398,000 after buying an additional 435 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in State Auto Financial Corporation during the first quarter valued at approximately $425,000. Finally, Schwab Charles Investment Management Inc. increased its position in State Auto Financial Corporation by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 59,759 shares of the insurance provider’s stock valued at $1,641,000 after buying an additional 2,907 shares during the last quarter. Institutional investors own 32.39% of the company’s stock.

State Auto Financial Corporation (STFC) opened at 24.95 on Monday. State Auto Financial Corporation has a one year low of $19.54 and a one year high of $27.97. The stock has a market capitalization of $1.05 billion, a P/E ratio of 22.50 and a beta of 0.90. The stock has a 50 day moving average price of $25.08 and a 200-day moving average price of $25.84.

State Auto Financial Corporation (NASDAQ:STFC) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.12. The business had revenue of $339.90 million for the quarter, compared to analysts’ expectations of $341.30 million. State Auto Financial Corporation had a return on equity of 1.46% and a net margin of 3.33%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.69) earnings per share. Analysts anticipate that State Auto Financial Corporation will post $0.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, September 12th. State Auto Financial Corporation’s payout ratio is currently 35.71%.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://www.thecerbatgem.com/2017/08/21/ifp-advisors-inc-has-210000-stake-in-state-auto-financial-corporation-stfc.html.

A number of research analysts have recently issued reports on STFC shares. TheStreet downgraded State Auto Financial Corporation from a “b” rating to a “c+” rating in a report on Monday, May 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $26.00 price target on shares of State Auto Financial Corporation in a report on Friday. ValuEngine upgraded State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research upgraded State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, BidaskClub upgraded State Auto Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.00.

In related news, insider Jessica Elizabeth Clark sold 9,841 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $24.38, for a total value of $239,923.58. Following the transaction, the insider now owns 12,072 shares of the company’s stock, valued at $294,315.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 65,569 shares of company stock worth $1,606,555. Insiders own 1.54% of the company’s stock.

About State Auto Financial Corporation

State Auto Financial Corporation is a property and casualty insurance holding company. The Company is engaged in writing personal, business and specialty insurance. Its segments include Personal Insurance Segment, Commercial Insurance Segment and Specialty Insurance Segment. Its Personal Insurance Segment include personal auto, homeowners and other personal; Commercial Insurance Segment include commercial auto, small commercial package, middle market commercial, workers’ compensation and other commercial, and Specialty Insurance Segment include Excess & Surplus (E&S) property, E&S casualty and programs.

Institutional Ownership by Quarter for State Auto Financial Corporation (NASDAQ:STFC)

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