Dallas, Texas 09/05/2013 (Financialstrend) – State Auto Financial (NASDAQ:STFC) shares were upgraded by Zacks analysts from a “neutral” to an “outperform” rating on Monday and the current price-target on the stock is $23.40. Numerous other analysts have also weighed on the STFC stock. Keefe, Bruyette & Woods analysts raised their price-target on the company stock from $17.00 to $21.50 on 2 August in a research note to investors.
Sandler O’Neil analysts raised their price-target from $18.00 to $20.00 and currently have a “hold” rating in the stock. Ativo Research analysts have downgraded the company’s stock from a “neutral” to an “unfavorable” rating on 22 June.
One research-analyst has assigned a “sell” rating on the stock while 1 has assigned a “hold” rating. Two analysts have assigned a “buy” rating and the consensus rating on the company stock is a “hold” and the average price-target is $19.85.
Very recently, State Auto Financial announced its quarterly dividend. It is scheduled for 30 September and stockholders of record 11 September 2103 will be eligible to receive this dividend of $0.10/share. This represents a $0.04 annualized-dividend and a 2.09% dividend yield. Monday 9 September is the ex-dividend date.
STFC stock dipped by 1.78% in Wednesday’s trading session. The opening price of the shares was $19.12 which touched an intraday high of $19.17 and closed at $18.79. More than 0.101 million shares were traded on Wednesday and the average volume of shares traded over 30 days was 0.194 million. The company has a market cap of 763.46 million.
STFC is a casualty and property insurance-holding company. It is involved in writing business and personal lines of insurance. State Auto P&C, Farmers and SA Ohio and Milbank are the company’s subsidiaries. All these companies are involved in casualty and property insurance. Stateco, another one of its subsidiaries provides various investment-management services to its affiliated insurance companies.