State Auto Financial (NASDAQ:STFC) Lifted to “B” at TheStreet

State Auto Financial (NASDAQ:STFC) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued on Friday, TheStreetRatingsTable reports.

Other research analysts have also issued reports about the company. BidaskClub raised State Auto Financial from a “sell” rating to a “hold” rating in a report on Saturday. ValuEngine raised State Auto Financial from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, Zacks Investment Research cut shares of State Auto Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, November 8th.

Shares of NASDAQ:STFC opened at $31.97 on Friday. State Auto Financial has a 12-month low of $28.10 and a 12-month high of $36.45. The business has a 50 day moving average of $32.72 and a 200-day moving average of $33.44. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.43 billion, a PE ratio of 26.64 and a beta of 0.33.

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State Auto Financial (NASDAQ:STFC) last announced its earnings results on Thursday, October 31st. The insurance provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.15). The firm had revenue of $334.50 million for the quarter, compared to the consensus estimate of $340.00 million. State Auto Financial had a return on equity of 4.88% and a net margin of 2.31%. State Auto Financial’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Equities research analysts expect that State Auto Financial will post 1.03 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new position in shares of State Auto Financial during the 2nd quarter worth approximately $25,000. Bank of Montreal Can bought a new position in shares of State Auto Financial during the second quarter worth approximately $51,000. KBC Group NV bought a new position in shares of State Auto Financial during the second quarter worth approximately $83,000. Aperio Group LLC acquired a new stake in shares of State Auto Financial in the second quarter valued at approximately $119,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of State Auto Financial in the second quarter valued at approximately $120,000. Institutional investors and hedge funds own 33.53% of the company’s stock.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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