Metropolitan Life Insurance Co. NY boosted its stake in shares of State Auto Financial Corp (NASDAQ:STFC) by 358.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,319 shares of the insurance provider’s stock after purchasing an additional 4,158 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in State Auto Financial were worth $181,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of STFC. James Investment Research Inc. acquired a new position in State Auto Financial during the fourth quarter valued at approximately $1,076,000. Vanguard Group Inc boosted its position in State Auto Financial by 2.1% during the third quarter. Vanguard Group Inc now owns 1,470,445 shares of the insurance provider’s stock valued at $44,907,000 after purchasing an additional 30,040 shares during the last quarter. Vanguard Group Inc. boosted its position in State Auto Financial by 2.1% during the third quarter. Vanguard Group Inc. now owns 1,470,445 shares of the insurance provider’s stock valued at $44,907,000 after purchasing an additional 30,040 shares during the last quarter. BlackRock Inc. boosted its position in State Auto Financial by 2.3% during the fourth quarter. BlackRock Inc. now owns 1,151,130 shares of the insurance provider’s stock valued at $39,185,000 after purchasing an additional 26,137 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in State Auto Financial by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 201,589 shares of the insurance provider’s stock valued at $6,862,000 after purchasing an additional 13,618 shares during the last quarter. 35.35% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Melissa A. Centers sold 1,095 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $34.81, for a total value of $38,116.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.83% of the company’s stock.
Several brokerages recently commented on STFC. BidaskClub raised State Auto Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research cut State Auto Financial from a “buy” rating to a “hold” rating in a research report on Saturday, February 16th.
Shares of NASDAQ STFC opened at $33.06 on Wednesday. State Auto Financial Corp has a 52 week low of $27.59 and a 52 week high of $35.05. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.43 billion, a P/E ratio of 27.55 and a beta of 0.42.
State Auto Financial (NASDAQ:STFC) last issued its quarterly earnings results on Thursday, February 14th. The insurance provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. State Auto Financial had a return on equity of 6.16% and a net margin of 1.00%. The firm had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $325.65 million. During the same period in the prior year, the firm posted ($0.49) earnings per share. The business’s quarterly revenue was down 27.2% compared to the same quarter last year. As a group, equities research analysts anticipate that State Auto Financial Corp will post 1.85 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.40 annualized dividend and a yield of 1.21%. State Auto Financial’s dividend payout ratio (DPR) is presently 33.33%.
About State Auto Financial
State Auto Financial Corp. is a property and casualty insurance holding company, which engages in the provision of insurance services. It operates through the following segments: Personal Insurance, Commercial Insurance, and Specialty Insurance. The Personal Insurance segment comprises personal auto, homeowners, and other personal insurance.
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