Matthew Stanley Mrozek Sells 2,500 Shares of State Auto Financial Corp (NASDAQ:STFC) Stock

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State Auto Financial Corp (NASDAQ:STFC) VP Matthew Stanley Mrozek sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $30.56, for a total value of $76,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of STFC traded up $0.06 during trading hours on Friday, reaching $32.39. 117,447 shares of the company traded hands, compared to its average volume of 38,451. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.39 billion, a P/E ratio of -80.98 and a beta of 0.82. State Auto Financial Corp has a fifty-two week low of $22.11 and a fifty-two week high of $34.31.

State Auto Financial (NASDAQ:STFC) last posted its quarterly earnings data on Tuesday, May 8th. The insurance provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.14). The company had revenue of $323.70 million for the quarter. State Auto Financial had a negative net margin of 0.62% and a negative return on equity of 0.03%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.22) earnings per share. equities analysts expect that State Auto Financial Corp will post 1.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Tuesday, June 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Monday, June 11th. State Auto Financial’s payout ratio is currently -100.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of State Auto Financial by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,570,465 shares of the insurance provider’s stock valued at $73,438,000 after acquiring an additional 29,835 shares during the last quarter. BlackRock Inc. boosted its stake in shares of State Auto Financial by 1.3% during the fourth quarter. BlackRock Inc. now owns 1,045,379 shares of the insurance provider’s stock valued at $30,442,000 after acquiring an additional 13,037 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of State Auto Financial by 521.4% during the first quarter. Victory Capital Management Inc. now owns 799,715 shares of the insurance provider’s stock valued at $22,848,000 after acquiring an additional 671,014 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of State Auto Financial by 1.9% during the first quarter. Earnest Partners LLC now owns 771,972 shares of the insurance provider’s stock valued at $22,055,000 after acquiring an additional 14,530 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of State Auto Financial by 2.4% during the fourth quarter. Alliancebernstein L.P. now owns 559,443 shares of the insurance provider’s stock valued at $16,291,000 after acquiring an additional 13,160 shares during the last quarter. 34.52% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on the company. BidaskClub cut State Auto Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded State Auto Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 26th. Finally, ValuEngine upgraded State Auto Financial from a “hold” rating to a “buy” rating in a research report on Monday, April 23rd.

About State Auto Financial

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty 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.

Insider Buying and Selling by Quarter for State Auto Financial (NASDAQ:STFC)

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