NEW YORK ,, July 16, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City , is investigating State Auto Financial Corp. ("STFC" or the "Company") (STFC) relating to its proposed acquisition by Liberty Mutual Holding Company, Inc. Under the terms of the agreement, STFC shareholders will receive $52.00 in cash per share they own. The investigation focuses on whether State Auto Financial Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued. Click here for more information: https://www.monteverdelaw.com/case/state-auto-financial-corp . It is free and there is no cost or obligation Full story available on Benzinga.com
State Auto Financial Corp. (STFC) shares closed this week 198.0% higher than it did at the end of last week. The stock is currently up 187.2% year-to-date, up 182.2% over the past 12 months, and up 135.7% over the past five years. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 0.9%. Trading Activity Shares traded as high as $51.51 and as low as $49.71 this week.Shares closed 2.4% below its 52-week high and 323.1% above its 52-week low.Trading volume this week was 16.8% higher than the 10-day average and 208.8% higher than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.0. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 0.1% higher than its 5-day moving average, 97.1% higher than its 20-day moving average, and 144.1% higher than its 90-day moving average. Market Comparative Performance The company's share price beats the S&P 500 Index this week, beats it on a 1-year basis, and beats it on a 5-year basis The company's share price beats the Dow Jones Industrial Average this week, beats it on a 1-year basis, and beats it on a 5-year basis The company share price beats the performance of its peers in the Financials industry sector this week, beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 11599.0% The company's stock price performance over the past 12 months beats the peer average by 1330.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 36.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to firstname.lastname@example.org. © 2020 Kwhen Inc.
Liberty Mutual to buy Columbus-based State Auto Financial The Columbus Dispatch
NEW YORK, July 14, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: State Auto Financial Corporation (NASDAQ: STFC) concerning potential violations of the federal securities laws and/or breaches of fiduciary
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of State Auto Financial Corporation (NasdaqGS: STFC) to Liberty Mutual Holding Company Inc. Under the terms of the proposed transaction, shareholders of State Auto will receive $52 in cash for each share of State Auto that they own. KSF is seeking to determine whether this consideration and the process that led t
COLUMBUS, Ohio--(BUSINESS WIRE)--State Auto Financial Corporation Chairman, President and CEO Mike LaRoccos response to todays announcement from A.M. Best Company:
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with positive implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a- (Excellent) of State Automobile Mutual Insurance Company (SAM) and its operating subsidiaries. Concurrently, AM Best has placed under review with positive implications the Long-Term ICR of bbb- (Good) of SAMs intermediate holding company, State Auto Financial Corporation (STFC) [NASDAQ: STFC]
NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of State Auto Financial Corporation (NASDAQ: STFC) breached their fiduciary duties or violated the federal securities laws in connection with the companys acquisition by Liberty Mutual Holding Company Inc.
WILMINGTON, Del., July 13, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating State Auto Financial Corporation (STFC) (NASDAQ GS: STFC ) regarding possible breaches of fiduciary duties and other violations of law related to STFCs agreement to be acquired by Liberty Mutual Holding Company Inc. Under the terms of the agreement, STFCs shareholders will receive $52.00 in cash per share.
NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of State Auto Financial Corporation (NASDAQ: STFC) to Liberty Mutual Holding Company Inc. is fair to State Auto shareholders. Under the terms of the merger agreement, Liberty Mutual will acquire all of the publicly held shares of State Auto Financial common stock for $52.00 per share in cash.
FinancialBuzz.coms latest The Buzz Show: Featuring Our Corporate News Recap on State Auto Financial Corp Acquired by Liberty Mutual in $2.29 Billion Agreement State Auto Financial Corp. (NASDAQ: STFC) surged over 188% in premarket trading after it was announced that Liberty Mutual would acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, The post The Buzz Show: State Auto Financial Corp (NASDAQ: STFC) Acquired by Liberty Mutual first appeared on Financial Buzz .
The company is being bought out by a larger peer.
Toward the end of trading Monday, the Dow traded up 0.34% to 34,987.02 while the NASDAQ rose 0.08% to 14,713.30. The SP also rose, gaining 0.26% to 4,380.72. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,854,110 cases with around 607,150 deaths. India confirmed a total of at least
Kirkland & Ellis advised the Special Committee of the Board of Directors of State Auto The post Kirkland Represents Special Committee of State Auto Financial on Sale to Liberty Mutual appeared first on Legal Desire .
Midway through trading Monday, the Dow traded up 0.28% to 34,967.12 while the NASDAQ rose 0.08% to 14,714.09. The S&P also rose, gaining 0.23% to 4,379.69. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,854,110 cases with around 607,150 deaths. India confirmed a total of at least 30,874,370 cases and 408,760 deaths, while Brazil reported over 19,089,940 COVID-19 cases with 533,480 deaths. In total, there were at least 186,846,570 cases of COVID-19 worldwide with more than 4,032,630 deaths, according to data compiled by Johns Hopkins University. Leading and Lagging Sectors Financial shares rose by 0.6% on Monday. Meanwhile, top gainers in the sector included State Auto Financial Corporation (NASDAQ: STFC ), up 194%, and 1st Constitution Bancorp (NASDAQ: FCCY ), up 5%. In trading on Monday, consumer staples shares fell 0.3%. Top Headline Novo Nordisk A/S (NYSE: NVO ) will acquire Prothena Corporation plc''s (NASDAQ: PRTA ) clinical stage antibody PRX004 and broader
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