Seeking Alpha

STFC
State Auto Financial Corporation - NASDAQ

7/10/2014, 4:41 AM ET
Quote & Analysis Breaking News StockTalk
stfc chart
Today 5d 1m 3m 1y 5y 10y
52wk high:  
52wk low:  
EPS:  
PE (ttm):  
Div Rate:  
Yield:  
Market Cap:  
Volume:  
FOCUS  |  RELATED  |  TRANSCRIPTS  |  OTHER NEWS & PR
There is research on this stock available only to PRO subscribers.
  • State Auto Financial Corporation: Attractively Priced, Moving Towards Profitable Underwriting And A Little Something Extra For Investors
      ValueArtifex Wed, May. 28

    Summary

    • Close to book value, shares of this insurer offer value in an expensive market.
    • After shuttering unprofitable areas of business, management is returning the company to profitable underwriting.
    • As the company returns to profitable underwriting, investors can expect growth of book value and dividend increases in the medium term.
    • With a majority of the company's shares controlled through a mutual structure, there is significant potential for a special situation known as a "mutualization" to occur.
    • Should the company mutualize, minority shareholders will be taken out at a premium, as the company effectively takes itself private.
STFC vs. ETF Alternatives
Company Description

State Auto Financial Corp is a property and casualty insurance holding company, which is engaged in writing both personal and business lines of insurance.