The stock of State Auto Financial Corp (NASDAQ:STFC) hit a new 52-week high and has $28.33 target or 7.00% above today’s $26.48 share price. The 9 months bullish chart indicates low risk for the $1.10 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $28.33 price target is reached, the company will be worth $77.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.00% or $0.52 during the last trading session, hitting $26.48. About 18,355 shares traded hands. State Auto Financial Corp (NASDAQ:STFC) has risen 27.19% since April 22, 2016 and is uptrending. It has outperformed by 21.78% the S&P500.
Analysts await State Auto Financial Corp (NASDAQ:STFC) to report earnings on February, 16. STFC’s profit will be $20.77M for 13.24 P/E if the $0.50 EPS becomes a reality. After $0.10 actual earnings per share reported by State Auto Financial Corp for the previous quarter, Wall Street now forecasts 400.00% EPS growth.
State Auto Financial Corp (NASDAQ:STFC) Ratings Coverage
Out of 2 analysts covering State Auto Financial (NASDAQ:STFC), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. State Auto Financial has been the topic of 2 analyst reports since August 4, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “State Auto Financial Corporation is an insurance holding company, which engages, through its subsidiaries, primarily in the property and casualty insurance business. The company’s principal subsidiary is State Auto Property and Casualty Insurance Company. State Auto P&C is a regional insurer engaged primarily in writing personal and commercial automobile, homeowners, commercial multi-peril, workers’ compensation and fire insurance.”
Insitutional Activity: The institutional sentiment decreased to 1.46 in 2016 Q2. Its down 0.06, from 1.52 in 2016Q1. The ratio is negative, as 6 funds sold all State Auto Financial Corp shares owned while 17 reduced positions. 9 funds bought stakes while 26 increased positions. They now own 12.62 million shares or 2.52% more from 12.31 million shares in 2016Q1.
Earnest Prtnrs Ltd Co holds 871,431 shares or 0.21% of its portfolio. Blackrock Institutional Na, a California-based fund reported 441,705 shares. Alliancebernstein L P has invested 0.01% of its portfolio in State Auto Financial Corp (NASDAQ:STFC). Nationwide Fund Advisors has 0% invested in the company for 13,335 shares. Croft accumulated 0.1% or 20,000 shares. Teachers accumulated 0% or 22,411 shares. Blackrock Advsr Limited Liability Co has 0% invested in the company for 8,037 shares. Rhumbline Advisers owns 24,504 shares or 0% of their US portfolio. Td Asset Mgmt last reported 0% of its portfolio in the stock. Dimensional Fund Advsrs Limited Partnership reported 2.44M shares or 0.03% of all its holdings. Blackrock Invest Limited Liability Com last reported 63,966 shares in the company. Deprince Race & Zollo last reported 23,257 shares in the company. Barclays Pcl has 0% invested in the company for 78 shares. Moreover, Boston Prns has 0% invested in State Auto Financial Corp (NASDAQ:STFC) for 104,908 shares. Bnp Paribas Arbitrage holds 598 shares or 0% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 3 buys, and 0 insider sales for $163,393 net activity. Another trade for 6,356 shares valued at $150,192 was made by Garland Kim Burton on Friday, September 2.
More notable recent State Auto Financial Corp (NASDAQ:STFC) news were published by: Blogs.Wsj.com which released: “State Auto Financial Adds CIO in Executive Reorg” on August 28, 2015, also Quotes.Wsj.com with their article: “News State Auto Financial Corp.STFC” published on June 19, 2005, Insurancejournal.com published: “State Auto Financial Reports Net Loss of $24.6M in Q2 2016” on August 04, 2016. More interesting news about State Auto Financial Corp (NASDAQ:STFC) were released by: Insurancejournal.com and their article: “State Auto Says Corrections Underway After Disappointing 2015” published on February 22, 2016 as well as Bizjournals.com‘s news article titled: “State Auto’s new CEO stressing accountability with leadership changes” with publication date: August 25, 2015.
STFC Company Profile
State Auto Financial Corporation (State Auto Financial), incorporated on April 18, 1990, is a property and casualty insurance holding company. The Firm is engaged in writing personal, business and specialty insurance. The Company’s divisions include personal insurance, business insurance, specialty insurance and investment operations. State Auto Financial’s subsidiaries include State Auto Property & Casualty Insurance Company (State Auto P&C), Milbank Insurance Company (Milbank) and State Auto Insurance Company of Ohio (SA Ohio), each of which is a property and casualty insurance company, and Stateco Financial Services, Inc., (Stateco), which provides investment management services to affiliated insurance companies. The Company’s personal insurance, business insurance and specialty insurance are known as insurance divisions of the Company.
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