State Auto Financial (NASDAQ:STFC) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Separately, Zacks Investment Research raised State Auto Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. State Auto Financial has a consensus rating of “Hold” and a consensus target price of $26.00.

State Auto Financial (NASDAQ STFC) opened at $27.99 on Thursday. State Auto Financial has a twelve month low of $22.11 and a twelve month high of $30.85. 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 (NASDAQ:STFC) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.08). The firm had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $342.70 million. State Auto Financial had a negative return on equity of 1.53% and a net margin of 1.94%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. equities research analysts predict that State Auto Financial will post -0.32 earnings per share for the current year.

In related news, insider John M. Petrucci sold 10,682 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $27.84, for a total transaction of $297,386.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Matthew Stanley Mrozek sold 3,380 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $27.85, for a total value of $94,133.00. Following the transaction, the vice president now directly owns 8,633 shares in the company, valued at approximately $240,429.05. The disclosure for this sale can be found here. Company insiders own 1.54% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its holdings in State Auto Financial by 5.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 59,759 shares of the insurance provider’s stock valued at $1,641,000 after purchasing an additional 2,907 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in State Auto Financial by 40.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 157,259 shares of the insurance provider’s stock valued at $4,046,000 after purchasing an additional 45,084 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in State Auto Financial in the 2nd quarter valued at approximately $126,000. TD Asset Management Inc. boosted its holdings in State Auto Financial by 13.2% in the 2nd quarter. TD Asset Management Inc. now owns 25,700 shares of the insurance provider’s stock valued at $661,000 after purchasing an additional 3,000 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in State Auto Financial in the 2nd quarter valued at approximately $389,000. 33.10% of the stock is currently owned by hedge funds and other institutional investors.

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About State Auto Financial

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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