State Auto Financial Corporation (STFC) Insider Jessica Elizabeth Clark Sells 18,458 Shares

State Auto Financial Corporation (NASDAQ:STFC) insider Jessica Elizabeth Clark sold 18,458 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $24.55, for a total transaction of $453,143.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jessica Elizabeth Clark also recently made the following trade(s):

  • On Thursday, May 25th, Jessica Elizabeth Clark sold 37,270 shares of State Auto Financial Corporation stock. The shares were sold at an average price of $24.51, for a total transaction of $913,487.70.
  • On Wednesday, May 24th, Jessica Elizabeth Clark sold 9,841 shares of State Auto Financial Corporation stock. The shares were sold at an average price of $24.38, for a total transaction of $239,923.58.

Shares of State Auto Financial Corporation (STFC) opened at 25.94 on Friday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 78.61 and a beta of 0.90. State Auto Financial Corporation has a 1-year low of $19.54 and a 1-year high of $27.97. The stock has a 50 day moving average of $25.13 and a 200-day moving average of $26.14.

State Auto Financial Corporation (NASDAQ:STFC) last posted its quarterly earnings data on Tuesday, May 2nd. The insurance provider reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.09. The company had revenue of $344.30 million during the quarter, compared to the consensus estimate of $346.20 million. State Auto Financial Corporation had a negative return on equity of 1.55% and a net margin of 0.99%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.05 earnings per share. On average, equities analysts expect that State Auto Financial Corporation will post $0.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, June 9th. State Auto Financial Corporation’s dividend payout ratio (DPR) is 125.00%.

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Several research firms have commented on STFC. ValuEngine raised shares of State Auto Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet lowered shares of State Auto Financial Corporation from a “b” rating to a “c+” rating in a report on Monday, May 22nd. Finally, Zacks Investment Research downgraded shares of State Auto Financial Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has an average rating of “Hold”.

Several hedge funds and other institutional investors have recently bought and sold shares of STFC. Russell Investments Group Ltd. bought a new position in State Auto Financial Corporation during the fourth quarter valued at $3,369,000. Comerica Bank boosted its position in State Auto Financial Corporation by 8.4% in the fourth quarter. Comerica Bank now owns 24,944 shares of the insurance provider’s stock valued at $643,000 after buying an additional 1,942 shares during the period. State Street Corp boosted its position in State Auto Financial Corporation by 5.9% in the fourth quarter. State Street Corp now owns 280,166 shares of the insurance provider’s stock valued at $7,509,000 after buying an additional 15,709 shares during the period. Minerva Advisors LLC boosted its position in State Auto Financial Corporation by 2.1% in the fourth quarter. Minerva Advisors LLC now owns 38,352 shares of the insurance provider’s stock valued at $1,028,000 after buying an additional 800 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in State Auto Financial Corporation by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,481,790 shares of the insurance provider’s stock valued at $66,537,000 after buying an additional 19,884 shares during the period. Institutional investors own 32.35% 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.

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