What’s State Auto Financial Corporation (STFC) Upside After Reaching 52-Week High?

June 17, 2018 - By Vivian Park

State Auto Financial Corporation (NASDAQ:STFC) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.61, from 1.64 in 2017Q4. It turned negative, 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.
16,400 are owned by Keybank Association Oh. Security National Trust Commerce holds 0% or 500 shares. Northern Tru Corporation accumulated 217,054 shares. Voya Investment Mgmt Limited Liability Corp owns 9,076 shares or 0% of their US portfolio. Royal State Bank Of Canada holds 0% or 6,000 shares. Schwab Charles Investment Mgmt has 0% invested in State Auto Financial Corporation (NASDAQ:STFC). Strs Ohio invested 0% in State Auto Financial Corporation (NASDAQ:STFC). Bancorporation Of Mellon Corporation stated it has 0% in State Auto Financial Corporation (NASDAQ:STFC). Alliancebernstein L P reported 0.01% of its portfolio in State Auto Financial Corporation (NASDAQ:STFC). Legal General Group Public Limited Liability stated it has 0% of its portfolio in State Auto Financial Corporation (NASDAQ:STFC). Earnest Prns Llc, Georgia-based fund reported 771,972 shares. Us Bank De stated it has 0% of its portfolio in State Auto Financial Corporation (NASDAQ:STFC). Moreover, Ameritas Invest Partners has 0% invested in State Auto Financial Corporation (NASDAQ:STFC). Brandywine Inv Mngmt Ltd Liability owns 60,689 shares or 0.01% of their US portfolio. Boston Partners has 0% invested in State Auto Financial Corporation (NASDAQ:STFC) for 99,503 shares.

Since February 27, 2018, it had 2 buys, and 4 sales for $401,683 activity. $76,400 worth of State Auto Financial Corporation (NASDAQ:STFC) was sold by Mrozek Matthew Stanley. Jones Scott Alan also sold $21,796 worth of State Auto Financial Corporation (NASDAQ:STFC) shares. $301,510 worth of State Auto Financial Corporation (NASDAQ:STFC) shares were sold by English Steven Eugene. Berkey Jason Earl bought $103,250 worth of stock.

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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