Keefe Bruyette & Woods Comments On April Losses For STFC

In a recent report by Keefe, Bruyette & Woods, State Auto Financial STFC has reported 2Q11 losses totaling $75-$85 million pre-tax. KBW have maintained a $17.00 price target on STFC. In the report, KBW said, "2Q has been a rough one for STFC for a while, as 2007 was the last time the company reported a quarterly CR below 100." State Auto Financial closed yesterday at $16.14.