Envestnet Asset Management Inc. Raises Stock Holdings in State Auto Financial Corp (NASDAQ:STFC)

Envestnet Asset Management Inc. increased its position in State Auto Financial Corp (NASDAQ:STFC) by 9.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,661 shares of the insurance provider’s stock after buying an additional 1,257 shares during the quarter. Envestnet Asset Management Inc.’s holdings in State Auto Financial were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Huntington National Bank increased its stake in State Auto Financial by 30.9% in the 2nd quarter. Huntington National Bank now owns 18,610 shares of the insurance provider’s stock valued at $651,000 after buying an additional 4,394 shares during the last quarter. Strs Ohio increased its stake in State Auto Financial by 4.2% in the 2nd quarter. Strs Ohio now owns 19,700 shares of the insurance provider’s stock valued at $689,000 after buying an additional 800 shares during the last quarter. KBC Group NV acquired a new stake in State Auto Financial in the 2nd quarter valued at $83,000. Aperio Group LLC acquired a new stake in State Auto Financial in the 2nd quarter valued at $119,000. Finally, Swiss National Bank increased its stake in State Auto Financial by 2.9% in the 2nd quarter. Swiss National Bank now owns 32,300 shares of the insurance provider’s stock valued at $1,131,000 after buying an additional 900 shares during the last quarter. 33.42% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on STFC. ValuEngine upgraded shares of State Auto Financial from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research lowered shares of State Auto Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, November 8th. BidaskClub lowered shares of State Auto Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, TheStreet lowered shares of State Auto Financial from a “b” rating to a “c+” rating in a research note on Friday, August 23rd.

Shares of STFC stock opened at $32.38 on Thursday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.13. State Auto Financial Corp has a 1 year low of $28.10 and a 1 year high of $36.45. The firm’s fifty day moving average price is $32.80 and its two-hundred day moving average price is $33.62. The firm has a market capitalization of $1.39 billion, a P/E ratio of 26.98 and a beta of 0.32.

State Auto Financial (NASDAQ:STFC) last released its quarterly earnings data on Thursday, October 31st. The insurance provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.15). The firm had revenue of $334.50 million for the quarter, compared to analyst estimates of $340.00 million. State Auto Financial had a return on equity of 4.88% and a net margin of 2.31%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, equities research analysts forecast that State Auto Financial Corp will post 1.03 EPS for the current fiscal year.

State Auto Financial Company Profile

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.

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Institutional Ownership by Quarter for State Auto Financial (NASDAQ:STFC)

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