State Auto Financial (STFC) Rating Increased to Hold at BidaskClub

State Auto Financial (NASDAQ:STFC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday, BidAskClub reports.

Separately, Zacks Investment Research downgraded shares of State Auto Financial from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th.

NASDAQ:STFC opened at $34.83 on Tuesday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 29.03 and a beta of 0.41. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.07 and a quick ratio of 0.07. State Auto Financial has a fifty-two week low of $28.57 and a fifty-two week high of $35.05.

State Auto Financial (NASDAQ:STFC) last released its earnings results on Thursday, May 2nd. The insurance provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $367.60 million for the quarter, compared to analyst estimates of $328.55 million. State Auto Financial had a net margin of 4.87% and a return on equity of 6.86%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.17 EPS. On average, sell-side analysts expect that State Auto Financial will post 1.85 EPS for the current year.

Several hedge funds have recently made changes to their positions in STFC. Metropolitan Life Insurance Co NY lifted its position in State Auto Financial by 130.8% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 12,278 shares of the insurance provider’s stock worth $568,000 after buying an additional 6,959 shares during the last quarter. Geode Capital Management LLC lifted its position in State Auto Financial by 15.2% in the 1st quarter. Geode Capital Management LLC now owns 232,139 shares of the insurance provider’s stock worth $7,642,000 after buying an additional 30,550 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in State Auto Financial by 3.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 94,090 shares of the insurance provider’s stock worth $3,098,000 after buying an additional 3,045 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in State Auto Financial in the 1st quarter worth approximately $221,000. Finally, Northern Trust Corp lifted its position in State Auto Financial by 0.9% in the 1st quarter. Northern Trust Corp now owns 231,363 shares of the insurance provider’s stock worth $7,617,000 after buying an additional 1,964 shares during the last quarter. 34.87% of the stock is owned by institutional investors.

About State Auto Financial

State Auto Financial Corporation, through its subsidiaries, engages in writing personal and business insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.

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