State Auto Financial (STFC) Investors: KBW Maintains “Hold” Rating, Sees $27.0/Share; Van Eck Associates Cut Tesla (TSLA) Position

December 7, 2017 - By Stephen Andrade

Van Eck Associates Corp decreased Tesla Inc (TSLA) stake by 19.26% reported in 2017Q2 SEC filing. Van Eck Associates Corp sold 5,165 shares as Tesla Inc (TSLA)’s stock rose 14.18%. The Van Eck Associates Corp holds 21,652 shares with $7.83M value, down from 26,817 last quarter. Tesla Inc now has $52.65 billion valuation. The stock increased 3.15% or $9.56 during the last trading session, reaching $313.26. About 7.20 million shares traded or 16.78% up from the average. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since December 7, 2016 and is uptrending. It has outperformed by 27.73% the S&P500.

Among 3 analysts covering State Auto Financial (NASDAQ:STFC), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. State Auto Financial has $26.0 highest and $24 lowest target. $25.50’s average target is -12.58% below currents $29.17 stock price. State Auto Financial had 6 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Wednesday, September 20 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained State Auto Financial Corporation (NASDAQ:STFC) rating on Thursday, August 17. Keefe Bruyette & Woods has “Hold” rating and $26.0 target. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, November 2. The firm has “Neutral” rating given on Wednesday, December 7 by Janney Capital.

Analysts await State Auto Financial Corporation (NASDAQ:STFC) to report earnings on February, 13. They expect $0.47 EPS, up 2.17% or $0.01 from last year’s $0.46 per share. STFC’s profit will be $19.87 million for 15.52 P/E if the $0.47 EPS becomes a reality. After $-0.54 actual EPS reported by State Auto Financial Corporation for the previous quarter, Wall Street now forecasts -187.04% EPS growth.

The stock increased 2.31% or $0.66 during the last trading session, reaching $29.17. About 42,622 shares traded or 26.12% up from the average. State Auto Financial Corporation (NASDAQ:STFC) has risen 20.44% since December 7, 2016 and is uptrending. It has outperformed by 3.74% the S&P500.

Investors sentiment increased to 2.26 in 2017 Q2. Its up 0.95, from 1.31 in 2017Q1. It increased, as 2 investors sold State Auto Financial Corporation shares while 17 reduced holdings. 11 funds opened positions while 32 raised stakes. 13.64 million shares or 1.60% more from 13.42 million shares in 2017Q1 were reported. Manufacturers Life Insur The has 0% invested in State Auto Financial Corporation (NASDAQ:STFC). New York-based New York State Common Retirement Fund has invested 0.01% in State Auto Financial Corporation (NASDAQ:STFC). Credit Suisse Ag invested in 0% or 28,511 shares. Moreover, Blackrock has 0% invested in State Auto Financial Corporation (NASDAQ:STFC). Comml Bank Of America De owns 1,677 shares or 0% of their US portfolio. Legal & General Grp Inc Plc has invested 0% in State Auto Financial Corporation (NASDAQ:STFC). City Hldgs owns 3,000 shares. 29 were accumulated by Envestnet Asset Mgmt. Metropolitan Life Insurance Co holds 0% or 11,217 shares. Northern Tru holds 0% of its portfolio in State Auto Financial Corporation (NASDAQ:STFC) for 221,063 shares. Boston holds 109,450 shares or 0% of its portfolio. Ameritas Invest holds 1,338 shares or 0% of its portfolio. New York-based Amer Int Group has invested 0% in State Auto Financial Corporation (NASDAQ:STFC). Moreover, Wells Fargo & Comm Mn has 0% invested in State Auto Financial Corporation (NASDAQ:STFC). 333,273 are owned by Wellington Group Limited Liability Partnership.

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. The company has market cap of $1.23 billion. It operates through four divisions: Personal insurance, Business insurance, Specialty Insurance, and Investment Operations. It has a 26.3 P/E ratio. The Personal Insurance segment primarily provides personal automobile and homeowners insurance products to the personal insurance market.

Among 33 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 11 have Buy rating, 10 Sell and 12 Hold. Therefore 33% are positive. Tesla Motors Inc had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, April 5 by Credit Suisse. As per Tuesday, October 6, the company rating was initiated by RBC Capital Markets. As per Monday, December 14, the company rating was initiated by JMP Securities. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Sell” rating by S&P Research on Friday, August 14. The firm has “Outperform” rating by Credit Suisse given on Wednesday, November 25. Deutsche Bank maintained the shares of TSLA in report on Tuesday, September 5 with “Hold” rating. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Buy” rating by Piper Jaffray on Wednesday, September 27. The rating was maintained by RBC Capital Markets with “Hold” on Friday, October 6. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Neutral” rating by Goldman Sachs on Monday, April 25. Morgan Stanley maintained the shares of TSLA in report on Tuesday, September 22 with “Overweight” rating.

Van Eck Associates Corp increased Triangle Capital Corp (NYSE:TCAP) stake by 49,381 shares to 413,691 valued at $7.29 million in 2017Q2. It also upped Hercules Capital Inc (NYSE:HTGC) stake by 87,399 shares and now owns 671,173 shares. Mondelez International Inc (NASDAQ:MDLZ) was raised too.

Investors sentiment increased to 1.27 in 2017 Q2. Its up 0.19, from 1.08 in 2017Q1. It improved, as 83 investors sold TSLA shares while 159 reduced holdings. 111 funds opened positions while 197 raised stakes. 92.06 million shares or 10.31% less from 102.64 million shares in 2017Q1 were reported. Parametric Portfolio Assoc Limited Company has invested 0.04% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Atria Invests Limited Liability holds 591 shares. Holderness Invests has 1,223 shares. 1,159 are owned by Essex Fincl Serv. Morgens Waterfall Vintiadis & holds 4.25% or 12,100 shares. Ontario – Canada-based 1832 Asset Management LP has invested 0.16% in Tesla, Inc. (NASDAQ:TSLA). Stratos Wealth Partners Limited has invested 0.04% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). Jump Trading Ltd Liability has 0.13% invested in Tesla, Inc. (NASDAQ:TSLA) for 2,346 shares. Raymond James & Assocs holds 0.05% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 62,644 shares. Peak6 Investments Lp stated it has 5,515 shares or 0.01% of all its holdings. Wms Partners Lc accumulated 0.06% or 1,330 shares. 9,000 are held by Eulav Asset Mgmt. Loomis Sayles And Co Limited Partnership reported 76 shares or 0% of all its holdings. 3,838 were accumulated by Evanson Asset Ltd Liability Co. Brighton Jones Limited Liability Com has 0.25% invested in Tesla, Inc. (NASDAQ:TSLA) for 4,849 shares.

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on February, 28. They expect $-3.75 earnings per share, down 200.00% or $2.50 from last year’s $-1.25 per share. After $-3.59 actual earnings per share reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts 4.46% negative EPS growth.

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By1 Stephen Andrade




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