Victory Capital Management Inc. lifted its stake in shares of State Auto Financial Corp (NASDAQ:STFC) by 0.4% during the 1st quarter, Holdings Channel reports. The firm owned 1,357,166 shares of the insurance provider’s stock after buying an additional 5,350 shares during the quarter. Victory Capital Management Inc.’s holdings in State Auto Financial were worth $44,678,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of State Auto Financial by 109.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 998 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 522 shares during the last quarter. SG Americas Securities LLC bought a new position in State Auto Financial in the first quarter worth about $107,000. Amundi Pioneer Asset Management Inc. bought a new position in State Auto Financial in the fourth quarter worth about $129,000. BNP Paribas Arbitrage SA lifted its holdings in State Auto Financial by 287.5% in the first quarter. BNP Paribas Arbitrage SA now owns 3,840 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 2,849 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in State Auto Financial by 358.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,319 shares of the insurance provider’s stock worth $181,000 after acquiring an additional 4,158 shares during the last quarter. 34.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ STFC opened at $33.50 on Wednesday. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.14. State Auto Financial Corp has a 52-week low of $28.57 and a 52-week high of $35.05. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 27.92 and a beta of 0.41.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.40 dividend on an annualized basis and a yield of 1.19%. State Auto Financial’s dividend payout ratio is currently 33.33%.
In other State Auto Financial news, insider Melissa A. Centers sold 1,095 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $34.81, for a total value of $38,116.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.83% of the company’s stock.
A number of equities analysts have issued reports on the stock. BidaskClub raised shares of State Auto Financial from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Zacks Investment Research cut shares of State Auto Financial from a “buy” rating to a “hold” rating in a report on Saturday, February 16th.
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State Auto Financial Company Profile
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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