State Auto Financial Corporation (STFC)’s Stock Is Buy After Making 52-Week High

June 17, 2018 - By Nellie Frank

State Auto Financial Corporation (NASDAQ:STFC) Logo

Investors sentiment decreased to 1.03 in Q1 2018. Its down 0.61, from 1.64 in 2017Q4. It worsened, as 7 investors sold State Auto Financial Corporation shares while 22 reduced holdings. 5 funds opened positions while 25 raised stakes. 14.72 million shares or 4.09% more from 14.14 million shares in 2017Q4 were reported.
Price T Rowe Associates Md invested in 0.02% or 3.68 million shares. Brandywine Glob Mgmt Ltd reported 0.01% in State Auto Financial Corporation (NASDAQ:STFC). Bnp Paribas Arbitrage invested in 0% or 3,271 shares. Park Natl Corporation Oh owns 8,000 shares. 9,572 are held by Argi Invest. Pnc Fincl Svcs holds 0% or 572 shares in its portfolio. Ancora Advsr Llc holds 0.04% or 29,977 shares in its portfolio. The New York-based Force Cap Llc has invested 1.75% in State Auto Financial Corporation (NASDAQ:STFC). Victory accumulated 799,715 shares or 0.05% of the stock. Citigroup owns 3,198 shares or 0% of their US portfolio. Security holds 0% or 500 shares. Invesco Ltd reported 0% in State Auto Financial Corporation (NASDAQ:STFC). Martingale Asset Mngmt Lp reported 0% in State Auto Financial Corporation (NASDAQ:STFC). Schwab Charles Inv Mngmt stated it has 0% of its portfolio in State Auto Financial Corporation (NASDAQ:STFC). Td Asset Incorporated invested 0% in State Auto Financial Corporation (NASDAQ:STFC).

Since February 27, 2018, it had 2 insider buys, and 4 selling transactions for $401,683 activity. 3,500 State Auto Financial Corporation (NASDAQ:STFC) shares with value of $103,250 were bought by Berkey Jason Earl. English Steven Eugene had sold 12,025 shares worth $361,472. 9,000 State Auto Financial Corporation (NASDAQ:STFC) shares with value of $256,245 were bought by Garland Kim Burton. 2,500 shares were sold by Mrozek Matthew Stanley, worth $76,400.

The stock of State Auto Financial Corporation (NASDAQ:STFC) hit a new 52-week high and has $36.23 target or 9.00 % above today’s $33.24 share price. The 5 months bullish chart indicates low risk for the $1.43B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $36.23 price target is reached, the company will be worth $128.34 million 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 3.92% or $1.26 during the last trading session, reaching $33.24. About 68,612 shares traded or 66.99% up from the average. State Auto Financial Corporation (NASDAQ:STFC) has risen 20.60% since June 17, 2017 and is uptrending. It has outperformed by 8.03% the S&P500.

Analysts await State Auto Financial Corporation (NASDAQ:STFC) to report earnings on August, 14. They expect $-0.02 EPS, up 50.00 % or $0.02 from last year’s $-0.04 per share. After $0.17 actual EPS reported by State Auto Financial Corporation for the previous quarter, Wall Street now forecasts -111.76 % negative EPS growth.

Another recent and important State Auto Financial Corporation (NASDAQ:STFC) news was published by Businesswire.com which published an article titled: “AM Best Affirms Credit Ratings of State Automobile Mutual Insurance Company and Its Operating Subsidiaries” on June 12, 2018.

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. The company has market cap of $1.43 billion. It operates through four divisions: Personal insurance, Business insurance, Specialty Insurance, and Investment Operations. It currently has negative earnings. The Personal Insurance segment primarily provides personal automobile and homeowners insurance products to the personal insurance market.

State Auto Financial Corporation (NASDAQ:STFC) Institutional Positions Chart

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