Capital Returns Management Lowers stake in State Auto Financial Corp (STFC)

State Auto Financial Corp (STFC) : Capital Returns Management reduced its stake in State Auto Financial Corp by 38.1% during the most recent quarter end. The investment management company now holds a total of 129,658 shares of State Auto Financial Corp which is valued at $3,046,963 after selling 79,803 shares in State Auto Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.State Auto Financial Corp makes up approximately 1.72% of Capital Returns Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in STFC in the latest quarter, The investment management firm added 54,030 additional shares and now holds a total of 3,878,680 shares of State Auto Financial Corp which is valued at $91,148,980. State Auto Financial Corp makes up approx 0.02% of Price T Rowe Associates Inc Md’s portfolio.Geode Capital Management boosted its stake in STFC in the latest quarter, The investment management firm added 2,662 additional shares and now holds a total of 118,749 shares of State Auto Financial Corp which is valued at $2,790,602. Deprince Race Zollo Inc added STFC to its portfolio by purchasing 23,257 company shares during the most recent quarter which is valued at $531,888. State Auto Financial Corp makes up approx 0.01% of Deprince Race Zollo Inc’s portfolio.

State Auto Financial Corp opened for trading at $22.79 and hit $23.09 on the upside on Thursday, eventually ending the session at $23.03, with a gain of 0.30% or 0.07 points. The heightened volatility saw the trading volume jump to 23,075 shares. Company has a market cap of $960 M.

On the company’s financial health, State Auto Financial Corp reported $-0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.60 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.01. The company had revenue of $345.60 million for the quarter, compared to analysts expectations of $322.15 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Investors should note that on Aug 12, 2016, State Auto Financial Corp announced a cash dividend of $0.1000. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Sep 30, 2016.

State Auto Financial Corporation (State Auto Financial) is a property and casualty insurance holding company. The Company is engaged in writing personal business and specialty insurance. State Auto Financial’s subsidiaries are 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 segments include personal insurance business insurance specialty insurance and investment operations. The Company’s claims division supports its insurance segments through emphasis on investigation of claims settlement of meritorious claims for equitable amounts maintenance of adequate case reserves for claims and control of external claims adjustment expenses.

Leave a Reply

State Auto Financial Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on State Auto Financial Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.