Voya Investment Management LLC grew its stake in shares of State Auto Financial Corporation (NASDAQ:STFC) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,076 shares of the insurance provider’s stock after acquiring an additional 1,633 shares during the period. Voya Investment Management LLC’s holdings in State Auto Financial Corporation were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of STFC. American International Group Inc. lifted its position in State Auto Financial Corporation by 7.1% during the first quarter. American International Group Inc. now owns 9,526 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 635 shares during the last quarter. Vanguard Group Inc. lifted its position in State Auto Financial Corporation by 7.9% during the first quarter. Vanguard Group Inc. now owns 1,183,622 shares of the insurance provider’s stock worth $32,490,000 after acquiring an additional 86,567 shares during the last quarter. Geode Capital Management LLC lifted its position in State Auto Financial Corporation by 4.6% during the first quarter. Geode Capital Management LLC now owns 135,538 shares of the insurance provider’s stock worth $3,720,000 after acquiring an additional 5,962 shares during the last quarter. Renaissance Technologies LLC lifted its position in State Auto Financial Corporation by 2.5% during the first quarter. Renaissance Technologies LLC now owns 190,100 shares of the insurance provider’s stock worth $5,218,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in State Auto Financial Corporation by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 59,759 shares of the insurance provider’s stock worth $1,641,000 after acquiring an additional 2,907 shares during the last quarter. Hedge funds and other institutional investors own 32.92% of the company’s stock.

Several brokerages have recently commented on STFC. Zacks Investment Research raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $26.00 target price on shares of State Auto Financial Corporation in a report on Friday, August 18th. Finally, ValuEngine raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $26.00.

State Auto Financial Corporation (NASDAQ:STFC) opened at $26.65 on Friday. State Auto Financial Corporation has a fifty-two week low of $22.11 and a fifty-two week high of $27.97. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.14.

State Auto Financial Corporation (NASDAQ:STFC) last announced its earnings results on Thursday, November 2nd. The insurance provider reported ($0.54) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.46) by ($0.08). State Auto Financial Corporation had a negative return on equity of 1.53% and a net margin of 1.94%. The business had revenue of $358.40 million for the quarter, compared to the consensus estimate of $342.70 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. sell-side analysts forecast that State Auto Financial Corporation will post -0.32 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. State Auto Financial Corporation’s dividend payout ratio is presently 61.54%.

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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.

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

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