State Auto Financial’s (NASDAQ: STFC) share price shot up by over 200% on Monday, and investors throughout the community have been investigating the company in more detail.
The article covers the key information you need to know before you invest in State Auto Financial shares. We cover what the company is, why it is rising in value so quickly, and what its investment prospects are moving forward.
To kick things off, we have provided our list of the two best places to buy, sell and trade State Auto Financial stock in the UK and elsewhere.
How & where to buy STFC stock online
If you want to buy and sell STFC shares quickly and easily, check out the two options below. They are reliable, low-fee stock brokers that have innovative features to make your investing experience more enjoyable.
Simple click on one of the options, sign up, deposit funds, and buy the number of State Auto Financial shares you want:
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What is State Auto Financial?
It is a personal, business and investment insurance provider that operates primarily in North America and is headquartered in Columbus, Ohio. Its primary insurance fields are personal automobile, homeowners and other personal insurance products.
STFC has been trading consistently in the $25-$30 range for the last few years, before COVID-19 caused a slight tail-off. However, the recent news that it will be acquired via a merger with Massachusetts-based insurance giant, Liberty Mutual, has created a huge uptick in the company’s share price.
Should I buy STFC stock today?
If you buy into the company’s fundamentals and believe that Liberty Mutual can drive it to new highs, now may be a good time to buy. Just make sure you conduct your own extensive due diligence before getting involved because the worst kind of investment is an uninformed one.
We are currently unable to provide an STFC price target since it is due to be absorbed under the wider Liberty umbrella.